Asian Energy Services Limited has announced a major oil discovery in its Mevad Field operations in Gujarat, marking a significant milestone for the company's exploration activities. The discovery was made in the newly drilled well NM-01 located in the Mevad Area of Mehsana district, Gujarat, as disclosed under Regulation 30 of SEBI regulations.

Production Details and Potential

The newly discovered well is currently demonstrating strong production capabilities during its testing phase. Current production data and potential estimates are outlined below:

The production estimates are based on preliminary data and remain subject to further comprehensive evaluation to determine the complete potential of the discovery.

Partnership Structure and Ownership

The Mevad block operates under a partnership structure with clearly defined participating interests:

This partnership arrangement allows Asian Energy Services to maintain majority control while benefiting from collaborative expertise in the development of the oil field.

Commercial Arrangements

The company has outlined its commercial strategy for the crude oil production from the Mevad Field. The crude oil produced from the well is expected to be sold to domestic refineries, ensuring a ready market for the output. Pricing will be linked to prevailing Brent crude benchmarks, following established industry practices for crude oil sales in the domestic market.

Future Development Plans

Asian Energy Services has indicated that further evaluations are currently underway to assess the complete potential of the discovery and plan its systematic development. The company has committed to keeping the stock exchanges informed of any material developments in accordance with applicable regulations, ensuring transparency in its operational progress.

This oil discovery represents a significant development for Asian Energy Services Limited's exploration portfolio and strengthens its position in the domestic oil and gas sector. The successful identification of commercially viable oil reserves in the Mevad Field demonstrates the company's technical capabilities and strategic approach to exploration activities in Gujarat.

Asian Energy Services Limited has announced the appointment of a new Investor Relations and Public Relations agency to enhance its investor engagement capabilities. The company disclosed this development through an official intimation to stock exchanges on January 30th, 2026.

New IR Agency Appointment

The company has appointed Adfactors PR Private Limited, Mumbai, as its Investor Relations (IR) and Public Relations (PR) agency with effect from January 31st, 2026. This strategic appointment is designed to further strengthen investor engagement and communications.

Agency Contact Details

The newly appointed agency is based at City Hall, Oasis Complex, Kamala Mills Compound, Pandurang Budhkar Marg, Lower Parel (West), Mumbai 400013. The company has provided dedicated contact points for investor communications:

• Primary Contact: Manasi.bodas@adfactorspr.com
• Team Email: Teamasianenergy@adfactorspr.com

Regulatory Compliance

The intimation was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company emphasized that this disclosure is being made as a matter of good corporate governance and transparency, though not mandatory under the Listing Regulations.

Corporate Information

Asian Energy Services Limited, incorporated in 1992 with CIN L23200MH1992PLC318353, is headquartered at 3B, 3rd Floor, Omkar Esquare, Chunabhatti Signal, Eastern Express Highway, Sion (East), Mumbai - 400022. The company secretary and compliance officer Shweta Jain signed the official communication to the stock exchanges.

The appointment reflects the company's ongoing commitment to maintaining effective investor relations and transparent communication with stakeholders in the financial markets.