Antelopus Selan Energy Ltd

Antelopus Selan Energy Limited (ANTELOPUS) reported Q2 FY2027 results, highlighting signed Revenue Sharing Contracts (RSCs) with the Indian government for two large areas: KG Onshore and Cambay Basin. Production increased to 2,000 BOEPD in October, with guidance of 2,500 BOEPD by year-end. The company emphasized growth through strategic drilling campaigns in Bakrol and Karjisan fields, with plans to complete seven wells in Karjisan by fiscal year-end. EBITDA margin reached 71% in Q2, driven by controlled costs and favorable oil prices. The company remains debt-free, with Rs.100 crores in cash reserves. Future plans include expanding into KG Onshore, with potential for 5,000 BOEPD by FY29. Management discussed operational challenges, including supply chain delays in fracking and ongoing assessments of Duarmara's oil potential. The company aims to maintain margins above 65% and emphasized fiscal discipline as a key focus. The balance sheet remains strong, with no borrowings and a focus on internal accruals for funding growth.

The document emphasizes growth in production, strong EBITDA margins, and strategic expansion plans, reflecting a positive outlook.