Hindustan Oil Exploration Company Limited — Investor Meet, 19-06-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Hindustan Oil Exploration Company reported negative revenue, EBITDA, and PAT for Q4 & FY26, primarily due to an HPCL crude sale reversal; standalone net sales were ₹274 crore. Lifting cost was $28.4/barrel. The company aims for a transformational period, targeting 10,000-11,000 barrels of oil equivalent by June 2027. This growth is driven by planned workovers and 3 new wells in B-80, 2 wells in PY-1, and 9 wells in Kharsang. Dirok gas production is expected to increase significantly once pipeline connectivity is resolved, targeted within 1-2 months. Funding will leverage internal accruals and bank facilities with disciplined capital allocation. Management is focused on maximizing asset value and operational efficiency. The outlook conveys confidence.