Hindustan Oil Exploration Company Ltd

- The company is planning capital programs for the coming three years and will meet obligations with current cash flows and production. - They may consider additional borrowing if required, especially after signing a Production Sharing Contract (PSC) for new blocks, aiming to optimize cost and expedite production. - Current term loan outstanding is about Rs. 103 crores. - India Ratings reaffirmed a bank loan rating of IND A with a positive outlook for Rs. 500 crores. - No specific mention of immediate new fundraising through equity; any changes in capital plans or fundraising would be communicated as needed. - The company is cautious about capital expenditure and optimizing production before considering further borrowing.

- The company plans to drill three additional wells in the B-80 block by 2026-27, with an expected CAPEX of around $50 to $60 million to increase production from ~2500 BOEPD to over 3500 BOEPD. - For the PY-1 offshore block, the company plans to commence drilling the first well between April and June 2025 after completing subsurface studies and engaging external experts. - The company bid for the offshore B-15 block, aiming for a post-tax internal return of at least 21%. Formal award and signing expected within a month, followed by plans to optimize costs and expedite production within four years. - CAPEX projections of approximately Rs. 1000 crores over the next 2-3 years are expected to remain largely unchanged by the B-15 bid. - Additional investments will be made to improve infrastructure and production, subject to demand and connectivity improvements, expected by 2025.

- Expectation to increase production and sales notably by FY 2025-26 with removal of constraints like grid connectivity (Page 14). - The grid connectivity on the East side expected to be completed by March 31, 2025, enabling enhanced gas transportation and offtake (Page 14). - Drilling of additional wells in Kharsang, PY-1, and Western region planned to add substantial volumes to reserves and production (Pages 14, 13). - Targeted production increase in B-80 block to over 3,500 barrels per day by 2026-27 via drilling three new wells (Page 7). - Projected doubling of production from Dirok field upon completion of pipeline phases, with production expected to rise above 40 mmscfd by March 2025 and potentially 70 mmscfd later (Pages 11, 10). - Anticipated revenue of around Rs. 1,000 crores by FY 2025-26 with maintained or improved EBITDA margins (Page 7). - Operational costs expected to decline with higher volumes, improving profitability (Page 7).

- The company aims to increase production and revenues significantly by FY 25-26, targeting around INR 1000 crores in revenue with stable or improved EBITDA margins. - Plans to drill additional wells (three wells in 2026-27) to ramp up B-80 block production from current ~2500 BOEPD to over 3500 BOEPD. - Dirok field's production is expected to improve by at least 50% post grid connectivity and development, potentially doubling production in upcoming quarters. - Operational cost efficiencies expected as gas production scales up, with cost per mmbtu reducing from current higher levels to approximately $0.5-$0.6 at full production. - Removal of constraints by March 2025 is expected to enable better gas offtake and improved monetization. - Financial outlook is positive with India Ratings revising outlook to ‘Positive’ and company confident of meeting obligations and capital programs for next three years. - Profitability and earnings expected to grow as production constraints ease and price realizations align more with Brent/LNG-linked pricing.

The provided pages do not contain explicit information regarding the current or expected orderbook or pending orders for HOEC Limited. The discussion primarily revolves around: - Production levels and challenges in fields such as B-80, Dirok, and newly bid offshore blocks. - Infrastructure and connectivity developments impacting production and offtake in the North-East region. - Financial results, operational costs, and sales volumes. - Plans for drilling additional wells and expanding production capacity. - Bidding for new offshore blocks (e.g., B-15) and their expected development timelines. No specific mention of orderbook or pending orders is made in the sections provided.