South West Pinnacle Exploration Limited — Important, 19-12-2024: Updates

South West Pinnacle Exploration Ltd has received a Letter of Award from Oil India Ltd for providing Passive Seismic Tomography services in North East India, valued at approximately INR 60 Crores including GST. The project is to be executed in two phases over a total period of 20 months, which includes 3 months for mobilization and network installation, followed by 17 months for the actual work. This contract underscores SWPE's expanding role in hydrocarbon exploration and could positively impact revenue and operational capacity. Investors should monitor this development as it presents a significant opportunity for growth in the company’s service offerings.