Selan Exploration:

• Incorporated in 1985
• Began Oil Exploration and Production in 1992.
• 1st among private sector companies to obtain rights to develop 3 discovered oil fields in Gujarat. Subsequently awarded 2 more fields in Gujarat.
• Government will procure entire production: Hence there is no marketing risk.
• Statutory and regulatory clearances have become increasingly complex. 
• Holds 130 Cr cash against market cap of 443 Cr.