Selan Exploration Technology Ltd re-commences Commercial Production from Karjisan Field

Selan Exploration Technology Limited (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. We expect the production and sales operations to stabilise over the next few weeks from the field.

Karjisan field, measuring 5 sq. km, is located in Ahmedabad-Mehsana tectonic block of the Cambay Basin. The production sharing contract (PSC) was signed on 16th February 2004. This field is part of Pre-NELP small discovered field round.

The main producing reservoir zones of Karjisan field are K-III and K-IV of Kalol formation of Middle Eocene age.

Shares of Selan Exploration Technology Limited was last trading in BSE at Rs. 336.95 as compared to the previous close of Rs. 341.45. The total number of shares traded during the day was 2323 in over 230 trades.

The stock hit an intraday high of Rs. 348.20 and intraday low of 335.90. The net turnover during the day was Rs. 797311.00.

Source : Equity Bulls

Keywords

SelanExplorationTechnology INE818A01017 CommercialProduction Recommenced KarjisanField