Quarter 2 Investor Presentation

BSE Ltd. National Stock Exchange of India Ltd. 25th Floor, P.J. Towers 5th Floor, Exchange Plaza, Dalal Street Bandra – Kurla Complex Mumbai - 400 001 Bandra (E), Mumbai – 400 051 Scrip Code : 530075 Scrip Code: Antelopus (Equity) October 26, 2026 Dear Sir, Sub: Intimation regarding Presentation on Q2 for FY 2026-27 Pursuant to the provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed a copy of Presentation on quarter 2 Results for Financial Year 2026-27. Kindly take the above on record. Thanking You, Yours faithfully Yogita Company Secretary & Compliance Officer Antelopus Selan Energy Limited (Formerly known as Selan Exploration Technology Limited) Registered Office Address: 8th Floor, Imperia Mindspace, Golf Course Extension Road, Sector 62, Gurgaon, Haryana-122102, India CIN: L74899HR1985PLC113196| |T: +91 124 6547000 E-mail: admin@antelopusenergy.com | Website: www.antelopusenergy.com Antelopus Selan Energy Limited Q2 FY’27 Results Investor Presentation 26thOctober 2026 About Antelopus Selan Energy Limited Private sector upstream player with multiple assets Growth Focused Strategy Camby Basin Onshore 01 Assam Arkan Basin c. 1600 Sq Km of Acreage Asset PI Onshore Bakrol 100% Asset PI Good mix of Onshore and Offshore portfolio. 40+ years of O&G operator experience in India Lohar 100% Duarmara 50% Karjisan 100% Cambay Onland* 100% CambayField 50%* 02 Mix of Producing and Development Assets While our assets under development have a significant upside potential, however our producing assets still remain largely under Mahanadi Basin explored Offshore Asset PI Favorable Fiscal Terms D11 100% Mumbai High Basin KG Onshore All our assets have favorable fiscal terms with net entitlement Offshore Asset PI to operator > 60% across all our assets Asset PI Dangeru& Mukkamala 100% D31 100% VanaduruSouth 100% 04 Multi Basin Opportunities BantumilliSouth 100% Chintalapalli 100% Presence across all major prolific sedimentary basins across Medapadu 100% India Bantumilli 100% Thanelanka 100% Yadurlanka 100% Both Cambay Onland and KG Onland fields were awarded as a part of Discovered Small Fields Bid Round 4 -*Cambay Onland consists of 4 Discoveries : Pasunia1, Pasunia2, Uber and Ognaj About Antelopus Selan Energy Limited Our performance over the years & Forward Guidance Consistent Production Growth Delivered (in boepd) Onshore Portfolio growth plan –Aim to create onshore portfolio of 5000+ boepdby FY’29 2500 Continued reinvestment from operating cash flow 5000 3500 1355 2500 1193 1758 1180 511 982 FY 24A FY 25A FY 26A FY 27E FY 28E FY 29E FY 23A (Avg.) FY 24A (Avg.) FY 25A (Avg.) FY 26A (Avg.) FY 27E (Exit) EBITDA and EBITDA Margins Strategic Focus: The Basins That Will Drive Our Growth FY 26 EBITDA (In INR Cr.) Margin (%) 400.0 58% 70% 55% FY 27 350.0 48% 47% 60% 300.0 50% 250.0 40% FY 28 200.0 Growth 30% 150.0 100.0 150.0 167.5 20% FY 29 50.0 63.0 83.0 10% 0.0 0% FY 23A FY 24A FY 25A FY 26A FY27E Cambay Onland Assam Onland KG Onland Offshore Q2 FY’27 snapshot: Execution and Corporate updates Bakrol frac delivering, Karjisan drilling ahead of plan, and a new KG growth hub ▪ Campaign complete:all 10 wells drilled and fracked, reflecting strong execution pace Bakrol ▪ Uplift visible:post-frac production flowing since mid-Q2, full impact from Q3 onwards. ▪ Current production: 950+ boepd ▪ Recovery underway:One key well hit productivity issues, alongside natural declines. Targeted workovers restoring output Karjisan ▪ Ahead of schedule: 2 of the 7 wells drilled, well before the planned Q4 first spud ▪ New barrels: From end November. All 7 wells to be drilling by April 2027 Cambay ▪ NextWell:OnetoTwowellsinQ4FY’27,targetingtheWestern/CentralareaoftheBlock ▪ 2 fields to 9:DSF-IV adds 7 new fields to our KG Onland portfolio KG Onland ▪ Moving fast:blocks awarded, FDPs and environmental work under way ▪ Cluster development:shared facilities and targeted drilling to fast-track production ▪ DSF-IV licences awarded:New acreage in KG Onland and Cambay Onland contract areas Corporate ▪ Cess refund received:c. ₹6.5 Cr for FY21–FY23, recognised as other income in Q2 FY’27 Cambay Basin keeps drilling, KG Onland adds the next leg Continuous Capex cycle in Cambay Basin for the next 3–4 years, while KG ramps up to deliver year-on-year growth. Sales Snapshot Volumes on plan, margins protected, despite swings in oil prices during the Quarter Key takeaways: On track for a 2,500 boepd exit 3000.0 Q2 Sales Volumes: 1656 boepd Bakrol : 750 boepd; Lohar: 45 boepd; Karjisan: 758 boepd; Cambay: 57 boepd; Dangeru: 46 boepd Bakrol:investmentcasedelivered,with headroomto grow October Production: 1950 boepd ▪ Most wells add growth: 10–15% annual decline means 2–3 wells in a 10-well 2500.0 campaigngotoholding productionflat;therestaddnewbarrels Drilling ▪ Long runway: regulatory approval for up to 55 more wells, so drilling continues commenced in Drilling withoutabreakuntil2030 Karjisan 2000.0 commenced in Bakrol Karjisan: fast payback, new plays ▪ Quick capex recovery:wells pay back within 1 year 1500.0 ▪ Opening new areas:new fault blocks open more ways to increase recovery and add production ▪ Continuous drilling to enable value creation: we aim to maximize recovery 1000.0 under prevailing attractive fiscals Cambay: results decide the next step ▪ One new well results to determine the forward plan 500.0 Next growth legs: KG and Duarmara ▪ KG Onland:adds volumes from next year ▪ Duarmara:workovers and oil recovery add more volumes Q2'26 Q3'26 Q4'26 Q1'27 Q2'27 Oct Production FY 27 Exit Bakrol Lohar Karjisan Cambay Dangeru Adjacent Barrels, Shared Infrastructure: Our KG and Cambay Advantage KG Onshore Asset Cambay Onshore Asset (7 discoveries close to existing Dangeru and Mukkamala Fields) (4 discoveries closer to our producing fields of Bakrol and Cambay) ▪ Cambay North :Pasunia-1 and Pasunia-2 close to Bakrol & ready to tie into existing infrastructure ▪ North KG hub: Yedurulanka and Thanelanka sit right next to our Mukkamala and Dangeru block,Operationalsynergies ▪ Cambay South:Uber close to our Cambay field, with synergistic opportunities ▪ South KG hub: Bantumilli, Bantumilli South, Vanadurru South, Medapadu and Chintalapalli ▪ Same rocks, known playbook:the same reservoir layers as our producing fields, so the geology is formaclustertodeveloptogether understood and the risk is lower ▪ Synergy built in: shared facilities, targeted drilling and a cluster approach help bring fields ▪ Faster to first oil:using existing infrastructure means lower capex and quicker production. intoproductionfaster Statement of Profit and Loss Q2 FY’27 Q1 FY’27 Q2 FY’26 Particulars(In INRCr.) AverageSales(boepd) 1656 boepd 1705 boepd 1107 boepd A INCOME RevenuefromOperations 121.7 133.1 56.3 Less:ProfitPetroleumpaidtoGOI 2.6 2.1 1.1 RevenuefromOperations(Net) 119.1 131.0 55.1 OtherIncome 8.1 1.2 2.3 TotalIncome 127.2 132.2 57.5 B EXPENSES OperatingExpenses 4.8 6.3 4.6 Handlingand processingcharges 1.3 1.2 0.9 Changesininventoriesoffinishedgoods (0.3) (0.7) 1.0 Employeebenefitsexpense 4.2 4.6 3.4 RoyaltyandCess 20.5 21.0 10.4 Otherexpenses 6.7 6.6 5.5 TotalExpenses 37.2 39.1 25.7 EarningsbeforeInterest,Tax,DepreciationandAmortization C 90.0 93.1 31.8 (EBITDA) Financecost 0.2 0.1 0.2 DepreciationandAmortisation 13.2 10.3 15.8 D Profit/(Loss)BeforeExceptional Items & Tax 76.6 82.7 15.8 Exceptional Items - 10.0 ProvisionforCurrentTax 11.2 9.1 1.6 Deferredtax 8.1 9.3 2.4 Taxes Relating to earlier years E NetProfitfortheperiod 57.3 54.3 11.8 Othercomprehensiveincome/(loss)(netoftax) 0.2 (0.5) 0.1 F Totalcomprehensiveincomefor theyear,netoftax 57.6 53.8 11.9 Balance Sheet as on September 30th , 2026 Particulars (In INR Cr.) I ASSETS II EQUITYANDLIABILITIES (1) Non Current Assets (1) Equity Property, plant and equipment Equity share capital 35.29 a) Oil and Gas assets 429.09 Share capital suspense account - b) Others 44.04 Other equity 732.49 [Showing first 8,000 characters — download PDF for full document]