Selan Exploration Technology Limited — Important, 07-02-2025: Updates

Selan Exploration Technology Limited achieved stable production in Q3 FY'25, averaging approximately 1244 barrels of oil equivalent per day (boepd). Key contributions came from the Bakrol field with stable volumes at around 662 boepd, while the Karjisan field maintained production at 496 boepd. However, production from the Lohar field met expectations with a decline, noted at 70 boepd. Notably, sales activities in the Cambay field contributed an additional 32 boepd, following recent well service operations.

Financially, total income for the quarter amounted to ₹68.11 crore, slightly down from ₹71.29 crore in the previous quarter. Net profit registered at ₹18.50 crore, influenced by a 7% decline in global oil prices and increased amortization costs. Continued monitoring and proactive maintenance across core fields have positioned the company favorably, reflecting strong EBITDA margins driven by prudent reservoir management. The company is gearing up for new drilling phases in the Karjisan and Bakrol fields, with approvals for new well plans in place, indicating a positive outlook for growth and production enhancement in the near term.