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Alphageo (India) Ltd.

BSE: 526397 Sector: Oil & Gas
NSE: ALPHAGEO ISIN Code: INE137C01018
BSE LIVE 15:42 | 28 Jun 809.60 -6.15
(-0.75%)
OPEN

824.15

HIGH

830.00

LOW

804.05

NSE 15:50 | 28 Jun 811.00 -8.05
(-0.98%)
OPEN

825.75

HIGH

832.95

LOW

809.00

OPEN 824.15
PREVIOUS CLOSE 815.75
VOLUME 4094
52-Week high 1145.50
52-Week low 690.00
P/E 10.72
Mkt Cap.(Rs cr) 515
Buy Price 809.60
Buy Qty 20.00
Sell Price 0.00
Sell Qty 0.00
OPEN 824.15
CLOSE 815.75
VOLUME 4094
52-Week high 1145.50
52-Week low 690.00
P/E 10.72
Mkt Cap.(Rs cr) 515
Buy Price 809.60
Buy Qty 20.00
Sell Price 0.00
Sell Qty 0.00

Alphageo (India) Ltd. (ALPHAGEO) - Chairman Speech

Company chairman speech

Dear shareholders

ENERGY REPRESENTS THE BACKBONE OF THE INDIAN ECONOMY.

As India strengthens its position as the fastest growing economy oil consumption isexpected to accelerate. For a country that imports more than 75% of her oil appetite thisis a grim prospect exposing India to geo-political vulnerability.

What was disturbing for long was India’s lack of focus in the exploration of oiland gas reserves. Exploration represents the cornerstone for enhancing domesticproduction. Less than 50% of India’s sedimentary basins are explored. Of more than 3million square kilometres of the Indian sedimentary basins geo-scientific data on nearly48% of the basins is scarce or unavailable. For the last two decades no fresh assessmentto gauge hydrocarbon potential of its 26 basins has been conducted. Although the countrypossesses proven reserves of 206 billion barrels of oil only 67 billion barrels areonline.

I am happy to state that this is about to change.

The Government of India announced its decision to strengthen the country’s oilself-sufficiency with the objective to moderate the impact of oil price volatility on hereconomic progress. The Prime Minister set a goal of reducing India’s importdependence from 75%-plus of its ‘energy’ requirement by 10% by 2022 and 50% by2030. In line with this ambitious goal India’s oil hunt is expected to accelerate.

In 2016 the Ministry of Petroleum and Natural Gas set in motion a large exercisetitled National Seismic Program through ONGC Ltd and OIL India Ltd to obtain data ofunappraised national spaces estimated at around 50% of India’s identified sedimentarybasins. This initiative was taken to cover all onshore areas with a preliminary 2D seismicsurvey.

To cover offshore areas another policy was implemented under the ‘multi-clientnon-exclusive’ survey through which global companies can analyse and collect seismicdata at their cost which can then be marketed to potential investors.

This means unprecedented opportunities for India’s seismic survey sector.

For Alphageo this indicates superior prospects on account of a rich experience ofworking across most Indian terrains for more than two decades; this means a head-startbanking on a proven record of delivering projects on/ before schedule; this means moreprojects on account of vertically-integrated seismic services; this means the start ofanother phase in our existence.

Overview

These are exciting times for the Company as we hope to play a meaningful role inIndia’s efforts to discover additional oil and gas reserves.

Hidden wealth Since 1950 roughly 69 trillion cubic feet of proven and probablerecoverable gas reserves have been discovered in India.

Only 42 trillion cubic feet has been developed and is currently under production. Thatleaves 18 trillion cubic feet of reserves yet to be produced and 27 trillion cubic feet ofreserves yet to be developed.

According to an analysis of 12 basins across India approximately 64 trillion cubicfeet of risked recoverable resources are yet to be found. Thus India holds atleast 91 trillion cubic feet of recoverable gas reserves.

In addition to conventional gas reserves India also holds an estimated 63 trillioncubic feet of recoverable shale gas.