Selan Exploration Technology trades higher on re-commencing commercial production from Karjisan Field
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Selan Exploration Technology is currently trading at Rs. 339.55, up by 2.60 points or 0.77% from its previous closing of Rs. 336.95 on the BSE.
The scrip opened at Rs. 344.95 and has touched a high and low of Rs. 346.60 and Rs. 338.50 respectively. So far 1670 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 366.50 on 10-Jul-2023 and a 52 week low of Rs. 164.00 on 18-Jul-2022.
Last one week high and low of the scrip stood at Rs. 358.00 and Rs. 330.75 respectively. The current market cap of the company is Rs. 519.54 crore.
The promoters holding in the company stood at 30.46%, while Institutions and Non-Institutions held 3.78% and 65.75% respectively.
Selan Exploration Technology (Selan) has re-commenced commercial gas sales from the Karjisan field post drilling of replacement development and new appraisal wells. The field had ceased production in October 2022. The wells are currently under observation for assessing reservoir deliverability. The company expects the production and sales operations to stabilise over the next few weeks from the field.
Selan Exploration Technology (Selan) is a private sector listed company, engaged in oil exploration and production since 1992. In the last two years, the company has also signed two more Production Sharing Contracts with the GOI for discovered oil fields in Gujarat.
