BHT Production Target: 11,000 bbl/day by June 2027
Following 2 workovers (October 2026) and 3 new development wells (March-April 2027), management targets 11,000 bbl/day with range of 8,900-13,000 bbl/day acknowledging reservoir uncertainty.
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Dirok Gas Monetization: December 2026 Pipeline Completion
DNPL pipeline capacity restoration via hot-tap methodology expected by December 2026, enabling monetization of 6-7 MMSCMD at current well stock with potential 50-60 MMSCF additional flow capacity.
Self-Funding Capability: Q4 FY27
Post Dirok ramp-up, management expects operating cash flows to fund B15 exploration and organic growth without external capital requirements, though BHT development requires debt raise.
B15 Drilling: FY2028
Field Development Plan under preparation evaluating 3-4 concepts including potential tie-back to existing ONGC platform to reduce capital cost. Resource estimate at 16 MMBOE.
Northeast gas grid operational by Q4 FY26
Management expects the DNPL-IGGL linkage to be completed by end of Q3 FY26, with offtake improvement from Q4 FY26 and full operation by Q1 FY27.
Target production of 6,000 boepd by FY27
Management targets net production of at least 6,000 barrels of oil equivalent per day by FY27, driven by drilling and grid connectivity.
Capex of ₹250 crore via term loan
Company secured a ₹250 crore term loan exclusively for capital expenditure, primarily for offshore drilling.
Drilling 18 shallow and 3 deep wells in Kasang
Plans to drill 18 shallow wells and 3 deep wells in Kasang block, with 7 wells already drilled in the initial phase.
Production target of 10,000-11,000 boe/d by June 2027
Management targets reaching 10,000-11,000 barrels of oil equivalent per day by June 2027, driven by workovers at B80, new wells at PY1, and drilling at Dirok and Kasang.
Dirok production potential of 45 mmscfd
Dirok field has the potential to produce 45 million standard cubic feet per day once pipeline connectivity is restored, up from current 0.3-0.4 mmscmd.
Kasang production to double with nine new wells
Kasang production is expected to double from current ~700 bbl/d gross through a nine-well drilling campaign, following a previous doubling from the first nine wells.
Funding through internal accruals and debt
Management plans to fund the capex program through internal cash generation and bank facilities, with no immediate equity dilution plans.