Selan Exploration Technology Limited — Important, 09-05-2025: Updates

Selan Exploration Technology has announced a board meeting on the financial results for the quarter and half-year, reporting a 61% YoY volume increase with average sales at ~1193 boepd. EBITDA jumped ~80% to INR 150 Cr, and net profit more than doubled to INR 74 Cr despite lower prices and higher amortization. Key advances include completing Cambay field acquisition, rising 2P resources at Bakrol and Karjisan, upcoming Duarmara drilling, and a mining lease at Dangeru. The AEPL merger nears completion, expected to boost production from Q3 FY26.