Antelopus Selan Energy Reports Strong Q1 FY'27 Results Driven by Operational Execution and Strategic Developments

Antelopus Selan Energy Reports Strong Q1 FY'27 Results Driven by Operational Execution and Strategic Developments​

Antelopus Selan Energy Limited has released its first quarter results for Financial Year 2026-27, highlighting robust operational progress across several fields. The company reported a significant quarter over quarter increase in EBITDA, driven by production activity and the management of inventory during custody transfer periods.

The Q1 FY'27 snapshot showed average sales at approximately 1705 boepd (barrel oil equivalent per day), down from an average of 1758 boepd in Q4 FY'26. The company confirmed that its guidance of reaching 2,500 boepd in FY'27 remains intact, noting that the full impact of the planned frac campaign is expected to be seen starting in Q2.

Key financial metrics for the quarter included an EBITDA of Rs 93.2 Cr, marking a circa +57% increase compared to the previous quarter, and a Profit After Tax (PAT) of INR 53.8 Cr, which is up by circa +42% quarter over quarter. The company also maintained a strong EBITDA margin of around 70%.

Operational and Strategic Updates​

In terms of execution and corporate updates, Antelopus Selan Energy noted strong efficiency in drilling programs across the Cambay basin. Nine of the ten planned FDP wells have been drilled so far. A continuous frac campaign is scheduled to commence in early August, with full productivity anticipated during Q2.

The company also reported winning two highly contested onshore licenses in the DSF Bid Round IV covering the Cambay and KG basins, though a formal award is still pending. Furthermore, in June 2026, the company secured a credit rating of IND A / Stable / IND A1 from India Ratings. Another corporate note highlighted that the Commissioner (Appeals) allowed the Company's refund claim for excess Cess paid during FY21–FY23, amounting to approximately ₹ 6.56 Cr, which is due to be recognized upon receipt of the final order.

The company continues its efforts toward gas monetization by laying new MDPE pipelines in the Western and Central areas of the field.

Performance Across Assets​

The operational performance was tracked across several fields: Bakrol, Lohar, Karjisan, Cambay, and Dangeru.

The detailed sales volumes by field for Q1 FY'27 compared to Q4 FY'26 are presented below:


The inventory built up during the quarter, stemming from a custody transfer to IOCL that lasted approximately 86–87 days, was estimated at c. 6,500 bopd of crude inventory, which is expected to normalize in the next quarter. The Oil and Gas product mix stands at around 80% Oil and 20% Gas.

Financial Snapshot (In INR Cr.)​

The financial performance for Q1 FY'27 compared against Q4 FY'26 is summarized below:

Asset Field Updates​

Updates regarding specific assets included:

• Bakrol Field: The block is divided into nine aerial segments, and the company's phased drilling focuses on mapping the lateral extent of core reservoir zones (Kalol VIII A, B, and IX). Phase 2 drilling aims to maximize infill potential in the Northern segments.
• Karjisan Field: This asset is focused on de-risking six fault blocks. The Q1 sales for Karjisan were 834 boepd. Future plans include submitting a seven well FDP for infill drilling across the south western fault blocks and scaling up surface facilities to handle higher expected production and water.
• Cambay Field: Focus areas include MBS, OS-II, and EP-IV. Phase 1 activities included drilling one new well (C-78) in the eastern flank, while Western flank wells delivered incremental oil production. A next phase of activity is planned for H2 FY'27 targeting a deeper Eocene reservoir in the Western/Central part of the block.
• Duarmara Field (Assam Basin): The field focuses on Tipam Reservoirs (TS-1, TS-2, and TS-3). A well drilled and tested, DMR#4z, established TS-1 as a zone of interest where light oil was flowed. Injectivity tests were also conducted in this quarter.

ANTELOPUS Stock Price Movement​

Antelopus Selan Energy Limited's shares slipped on Monday by 1.95%, settling at ₹875.55 after trading closed. The stock finished the day with a volume of 138,813 shares.