Selan Exploration Technology Limited has informed the Exchange about Commencement of commercial production/operations
ANTELOPUS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Selan Exploration Technology has started commercial gas production from the Mukkamala field in the Dangeru Contract Area, located in the onshore Krishna-Godavari (KG) Basin. This is the company's first production outside its existing Cambay Basin operations and came through its recent merger with Antelopus Energy Private Limited. The initial tested flow rate is around 0.5 MMscfd (about 80 barrels of oil equivalent per day), with expected single well potential exceeding 6 MMscfd (~1,000 boepd). Gas is already being sold — the well is connected via ONGC's existing flowline and delivered to end customers through GAIL's pipeline network. The company plans to ramp up production in the short term using existing infrastructure. The ~140 sq. km. contract area includes a second discovery at Dangeru, and Selan holds 100% participating interest.
This is a positive milestone as it diversifies Selan's production base beyond the Cambay Basin and adds a new revenue stream. If production scales up toward the expected ~1,000 boepd per well, it could meaningfully boost the company's output and earnings, though actual ramp-up execution and infrastructure expansion remain key things to watch.