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G,

With fiscal year running April-March

Q1 - Apr - Jun

Q2 - Jul - Sep (which is the period the report covers, and mentions “coming” quarter), which would in my head mean Q3 - Oct - Dec?

Agree G, hopefully the work overs will, combined, provide some decent increase in production.

CP, coming quarter would refer to this quarter I can only assume.

G, their fiscal year is Apr-Mar

https://www.wsj.com/market-data/quotes/IN/XNSE/SELAN/financials/quarter/balance-sheet

Https://www.selanoil.com/wp-content/uploads/2024/11/Q2-FY-25-Investor-Presentation.pdf

Time to sign off, nice knowing the churn is well underway

Nice to see the climb, to new heights, has kicked off.

Callum, potential six work overs this quarter. That would be fabulous.

Let’s hope they’ve all had a fabulous diwali celebration raring to go again next week.

One might want to have a read of some of Selan’s investor presentations and consider this in conjunction with their sp. However frustrating with delays, doing thorough up front planning, hopefully will minimise delays and oversights once they get started.

This is from 14/10 rns

“The workover sequence, starting with C-70, will commence after the wells have been subjected to individual pressure gradient surveys during October / November 2024. All the contracts required for the workover operations are progressing as per the timeline. The Company believes the workover program will result in material incremental production and cashflow from the Cambay PSC and a better understanding of well behaviour ahead of the drilling of three new wells which is currently planned to commence Q2 2025. Synergia will be carried by Selan through the agreed US$20 million work program.“

So clearly believes there will be solid revenue from the work over. They will need a target, perhaps we should not argue if they are setting somewhat more conservative ones.

Interesting comment re harbour on jv

Interesting G, hopefully there will be further answers posted next day or so.

Absolutely, don’t forget to put your alarms!

Hopefully not so long now until we get to find out how much 25% of Camelot is worth.

I meant, we didn’t envisage that we would trigger any bonus payments too soon (just for clarity)

Yep, indeed Gordon

Bonus is paid on cumulative production right? Not sure we envisaged that at the offset

I’d like to hear view on the ccs farm-out TCV. Been proving hard to find other previous farm-out deals with $figures attached. Did find this one:

https://totalenergies.com/news/news/historic-investment-decision-transport-and-storage-co2

Thanks g, agree a bit ambiguous but yeah I’m “working” on the Aug 1 update.

Sounds about right. If one take a look at selan web page, will see in the latest corporate presentation they had a drilling programme of 11 wells in a year I believe, of which they seem to be tracking well against. Pretty busy one of if you ask me. Obviously, although we have transferred staff, they have a busy programme already to deliver against (already committed).

As we all know from their SP performance, seems they k ow what they’re doing.

Onwards and upwards.