Selan Exploration Technology Limited — PPTs, 30-05-2025: Investor Presentation

1. Financial Highlights:

Selan Exploration Technology reported a 61% volume increase in average sales to ~1,193 boepd in FY25, led by Bakrol, Lohar, Karjisan, and Cambay fields. Bakrol production remained steady at ~650 boepd due to sustained reservoir management. Expected natural declines in Bakrol and Karjisan will be offset by planned new wells in FY26. Revenue and profit figures were not disclosed.

2. Strategic Initiatives & Growth Drivers:

The company is advancing multi-phase drilling in Bakrol and Karjisan to boost recoveries and production from Q3 FY26. New well drillings are planned, supported by sanctioned appraisal and development plans. Production from Dangeru and Duarmara fields is anticipated by FY26-end, supported by completed infrastructure like pipelines. Cambay’s development will follow a phased approach to optimize recovery and control upfront spending.

3. Business Developments:

Near completion of a merger with Antelopus Energy will significantly expand Selan’s asset base. The company acquired 50% interest in Cambay and holds majority stakes in key onshore and offshore blocks in India. Drilling and testing in Duarmara and Dangeru are ongoing, with production ramp-up expected through FY26-FY27.

4. Market Position & Competitive Advantage:

Selan stands out as one of India’s earliest and largest mid-sized E&P firms with a diversified portfolio across multiple basins. Its experienced technical team and a blend of producing and developing assets offer scale and growth optionality. Stable mature field output alongside new project developments supports a sustainable growth model.

5. Investor Implications:

Rising production and an expanding asset base signal positive growth potential, underpinned by active development and portfolio monetization. Upcoming drilling campaigns and new field productions provide meaningful upside. Execution risk from drilling results and merger integration should be watched, but strategic initiatives position Selan well for scaling up in India’s oil and gas sector.