Antelopus Selan Energy Limited (formerly known as Selan Exploration Technology Limited) has issued a clarification regarding the recent movements in its share price. The company has emphasized that there are no material operational or undisclosed events that have not already been shared with the stock exchanges.

Business as Usual

The energy company stated that it continues to operate in the normal course of business, with all activities and financial performance parameters in line with the previously issued Q2 guidance. Antelopus Selan Energy confirmed that there has been no significant change in the company's operational, financial, or regulatory position since its last disclosure.

Commitment to Transparency

In its communication to the stock exchanges, Antelopus Selan Energy reaffirmed its commitment to maintaining the highest standards of transparency and compliance with SEBI and exchange regulations. The company assured that any event or information required to be disclosed under Regulation 30 of the SEBI (LODR) Regulations, 2015 would be promptly communicated to the exchanges.

Market-Driven Fluctuations

Addressing the recent price movement, Antelopus Selan Energy suggested that the fluctuations appear to be market-driven. The company stated that it has no information that may have led to such fluctuations in its share price.

Key Points of the Clarification

Investors and market participants are advised to consider this clarification while making investment decisions related to Antelopus Selan Energy Limited. As always, it is recommended to conduct thorough research and consider multiple factors before making any investment choices.

Selan Exploration Technology Limited , soon to be renamed Antelopus Selan Energy Limited, has reported its financial results for the first quarter of fiscal year 2026, along with several strategic updates that mark significant milestones for the company.

Financial Performance

For Q1 FY26, Selan reported:

• Total income of INR 53.56 crore, down from INR 64.96 crore in the previous quarter
• Net profit of INR 11.22 crore, compared to INR 14.78 crore in Q4 FY25
• Average production of 1,063 barrels of oil equivalent per day (boepd), a decrease from 1,177 boepd in the previous quarter

The company maintained strong EBITDA margins at 56% despite lower oil and gas prices. The quarterly decline was attributed to a 10% drop in price realizations, natural decline in Bakrol wells, and key wells being offline due to operational reasons.

Strategic Developments

1. Merger Completion: Selan has completed its merger with Antelopus Energy Private Limited (AEPL). The merged entity will be renamed 'Antelopus Selan Energy Limited', subject to regulatory approvals.

2. Expansion into KG Basin: Production has commenced from the 'Dangeru' field in the Krishna Godavari (KG) Basin, marking the company's expansion beyond the Cambay basin.

3. New Well Drilling: Two new wells have been completed in Karjisan, with production expected to start by the end of August.

4. Cambay Block Acquisition: Selan announced the acquisition of the remaining 50% participating interest in the Cambay Block, enhancing its presence in this area.

5. Share Allotment: The Board has allotted 1,99,62,358 equity shares to the shareholders of AEPL as part of the merger process.

Operational Highlights

• The oil and gas product mix remained consistent at approximately 80% oil and 20% gas.
• In the KG Basin, the Mukkamala field showed promising results with a single well flow potential of about 6 mmscfd (1000 boepd).
• The Duarmara field in the Assam Basin is progressing, with about 50% of the well drilled and production expected to start by the end of Q2 FY26.

Future Outlook

Selan Exploration, soon to be Antelopus Selan Energy, is positioning itself for growth with its expanded asset portfolio and ongoing drilling activities. The company's focus on de-bottlenecking pipeline infrastructure and ramping up production in new fields indicates a strategic push for increased output in the coming quarters.

The merger with AEPL and the acquisition of additional interests in existing blocks demonstrate the company's commitment to strengthening its position in the Indian oil and gas sector. As the company integrates these new assets and brings additional wells online, investors will be watching closely for improvements in production volumes and financial performance in the upcoming quarters.