Antelopus Selan Energy Ltd · NSE:ANTELOPUS
Antelopus Selan Energy — Selan Exploration Technology — FY2023 Earnings Presentation
20 slides from Antelopus Selan Energy's earnings presentation, May 5, 2023
Slide 1: Intimation regarding Presentation on Annual Financial Results FY 2022-23
SELAN E X P L O R A T I O N TECHNOLOGY LIMITED BSE Ltd. National Stock Exchange of India Ltd. 25th Floor, P.J. Towers 5th Floor, Exchange Plaza, Dalal Street Bandra – Kurla Complex Mumbai - 400 001 Bandra (E), Mumbai – 400 051 Scrip Code # 530075 Scrip Code : Selan (Equity) 05 May 2023 Dear Sir, Sub
Slide 2: FY 23 Annual Results
FY 23 Annual Results Selan Exploration Technology Limited May 2023 1
Slide 3: A year of significant change for Selan
A year of significant change for Selan Leadership New and experienced management team with a demonstrable track record Governance Diverse, Independent Board with balance of skill and experience Operational Improvements Focus on maintenance, reliability, asset integrity and process safety Development
Slide 4: Snapshot of FY'23
Snapshot of FY’23 Strategy Operations Review Financial Review ▪ Results Summary ▪ Focus on Health Safety Sustainability and ▪ Management Team revamp. Augmenting Environment. Adopted a pro-active approach manpower at operational sites, across ✓ FY’23 Income up by 53% y-o-y to INR and move towards pre
Slide 5: FY 23 Operations Review
FY 23 Operations Review EXPLORATION TECHNOLOGY LIMITED
Slide 6: Focus on Health Safety Sustainability and Environment
Focus on Health Safety Sustainability and Environment Health and Safety Sustainability and Environment Selan stays focused on creating a safe work environment to Selan stays focused on committed to reduce its carbon employees and contractors footprint Strong process and culture of safety implemented
Slide 7: Maximizing Reserves & Production from Cambay Basin
Maximizing Reserves & Production from Cambay Basin Bakrol ▪ Development drilling in Bakrol commenced. 6 Wells to be drilled in Bakrol ▪ 2 of 6 wells drilled as on YE FY 23. Drilling campaign progressing as planned 01 ▪ Frac campaign in new wells to commence in Q1 FY 24 ▪ Significant addition expecte
Slide 8: Operations Update
Operations Update April’23 Sales @ ~530 bopd from Bakrol and Lohar only Sales for FY 22 and FY 23 (in boepd) FY 22 FY 23 – Change of management control Rise in Bakrol and Lohar production 600.0 500.0 K Sales from Bakrol and Lohar only at ~530 bpepd K Vs. Exit Guidance for FY 23 @ 550 boepd. K K K K
Slide 9: Drilling Update
Drilling Update Bakrol Field Drilling Rig at Bakrol – New Well 1 Workover Operation at Bakrol – New Well 2 ▪ New well sites acquired on lease for development drilling ▪ Well drilling on the Eastern side of the Bakrol field ▪ Frac planned in all new Bakrol wells. Frac unit mobilized at New Well 1 ▪ A
Slide 10: Growth Strategy
Growth Strategy EXPLORATION TECHNOLOGY LIMITED
Slide 11: Our Key focus areas in FY 24
Our Key focus areas in FY 24 To unlock potential value and create a mid sized Indian E&P company While HSSE remains our primary focus, our FY 24 would focus would be ▪ Execution of Bakrol Drilling ▪ Execution of Karjisan Drilling Execution Focus ▪ Operational efficiencies in existing production oper
Slide 12: Forward Plan
Forward Plan FY 24 drilling schedule Drilling Fracking First Oil Continuous drilling in KJ BK#1 BK#2 BK#3 KJ#1 KJ#2 KJ#3 KJ#4 BK#4 BK#5 BK#6 LH#1 Bakrol Field (BK) Karjisan Field (KJ) Lohar ▪ 6 Well drilling (with frac) campaign in Bakrol ▪ 1 new well drilling in Lohar ▪ 4 new wells to be drilled in
Slide 13: Opportunity to Create a mid sized Independent E&P company
Opportunity to Create a mid sized Independent E&P company Selan Exploration Technology & Antelopus Energy - Evaluation of the right synergistic opportunities Awarded Under Contract Area 2P Reserves # Overall Asset Portfolio Oil : 1.77 mmbbls Bakrol Gas: 3.45 Bcf 3 5 Oil : 0.18 mmbbls 5. Cambay Onsho
Slide 14: Financial Review
Financial Review EXPLORATION TECHNOLOGY LIMITED 13
Slide 15: Statement of Profit and Loss for FY 23
Statement of Profit and Loss for FY 23 Particulars (In INR Cr.) Mar 31st 2023 Mar 31st 2022 A INCOME Revenue from Operations 121.95 79.75 Less: Profit Petroleum paid to GOI 4.01 2.57 Revenue from Operations (Net) 117.94 77.18 Other Income 11.57 7.67 Total Income 129.51 84.85 B EXPENSES Operating Exp
Slide 16: Balance Sheet as on March 31st, 2023
Balance Sheet as on March 31st , 2023 Particulars (In INR Cr.) I ASSETS II EQUITY AND LIABILITIES (1) Non-current assets (1) Equity Property, plant and equipment 9.23 Equity share capital 15.20 Development of hydrocarbon properties 166.06 Other equity 344.69 Right of use assets 3.37 Total Equtity 35
Slide 17: Other Information
Other Information EXPLORATION TECHNOLOGY LIMITED 16
Slide 18: Board of Directors
Board of Directors Mr. Manjit Singh Mr. Suniti Bhat Mr. Sivakumar Pothepalli Independent Director Executive Director Managing Director ▪ Mr. Singh brings with him 4 decades of corporate experience ▪ Mr. Siva has 25+ years of experience in both Upstream and ▪ Mr. Bhat has 25+ years of experience in t
Slide 19: Management Team
Management Team ▪ Suniti has 25+ years of experience in the Global Oil and Gas Industry Mr. Suniti Bhat ▪ He has earlier held top management positions with BG, Centrica and Cairn Oil and Gas Managing Director ▪ Suniti is an MBA from Harvard Business School & Masters in Pet. Engg. from Stanford Unive
Slide 20: Disclaimer
Disclaimer No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Certain statements made in this presentation may not be based on histor
Selan Exploration Technology — FY2023 Earnings Presentation on 6ix