Announcements

OUTCOME OF AGM 2010-11

The Members of the Company in their 26th Annual General Meeting held today, i.e. 23 September 2011, have unanimously approved all the items mentioned in the notice dated 20 July 2011 convening the said AGM.

SELAN appoints Mr. CLARENCE MITCHELL as VICE PRESIDENT – WELL CONSTRUCTION and WELL SERVICES.

Selan Exploration is pleased to announce the appointment of Mr. Clarence Mitchell as Vice President – Well Construction and Well Services.

Mr. Mitchell has significant experience as Drilling Manager, Drilling Project Manager and as a Drilling Coordinator in the Americas, Saudi Arabia and West Africa with various companies including BP / AMOCO, Exxon Mobil, Chevron and a number of small independent operators.

Mr. Mitchell’s areas of expertise include drilling of extended reach horizontal and multilateral wells, and he is well versed and conversant with the Well Delivery Process (from Conceptual Design through Planning and Execution).

At Selan, Mr. Mitchell will lead our effort in the coming years to drill, complete and maintain optimally designed and executed wells which will deliver additional reserves and production in all our blocks. To maximise the value of our reserves a number of specialist well construction techniques will be needed. Mr Mitchell has extensive experience in these areas and his arrival will help Selan to expedite the timely monetisation of our reserves.

Mr. Mitchell has studied Mechanical Engineering (Honours) and then in Michigan, USA completed his MBA.

We are pleased to welcome Mr. Mitchell and his family to Selan.

The Annual General Meeting of the Company is scheduled to be held on Friday, 23 September 2011, the notice thereof will be issued to all members concerned in due course.

The Register of Members and Share Transfer Books of the Company will remain closed from Monday, 19 September 2011 to Friday, 23 September 2011 (both days inclusive) in connection with the ensuing Annual General Meeting.

A meeting of the Board of Directors of the Company is being convened on Saturday, 23 July 2011 to consider and adopt, inter-alia, the Unaudited Financial Results (Provisional) of the Company for the quarter ended 30 June 2011.

A meeting of the Board of Directors of the Company is being convened on Wednesday, 20 July 2011 to consider and adopt, inter-alia, the Audited Financial Results of the Company for the financial year ended 31 March 2011.

Selan Appoints Mr. Andrew Wenk as President & CEO

Selan Exploration is pleased to announce the appointment of Mr Andrew Wenk as President and CEO of the Company.

Mr Wenk joins us from Cairn Energy, where he was General Manager – Petroleum Engineering Operations, and helped lead the Company’s efforts to produce First Oil from Cairn’s highly challenging Rajasthan oilfields.

At Selan, Mr Wenk will look to build a formidable team that can and will apply the best Reservoir Engineering and Production Engineering technologies suitable for the full scale development of the Company’s Oil and Gas fields, leading to the monetization of the Company’s significant reserves base.

Prior to joining Cairn, Mr Wenk worked for Reliance Industries in the KG Basin, and played an important role in sourcing and applying the latest technologies that helped Reliance bring to surface vast quantities of commercially viable gas from the D – 6 field.

Mr Wenk completed his engineering studies with distinction at The University of Adelaide in Australia, and has an overall record of more than two decades of exceptional achievements in oil and gas field development and production with various leading independent companies in the petroleum industry across the globe.

We are pleased to welcome Mr. Wenk and his family to Selan.

A meeting of the Board of Directors of the Company is being convened on Saturday, 14 May 2011 to consider and adopt, inter-alia, the Unaudited Financial Results (Provisional) of the Company for the quarter ended 31 March 2011.

The Board of Directors of the Company; in their meeting held today, have declared a Second Interim Dividend of 15% (i.e. Rs. 1.50 per equity share) for the financial year 2010-11.

The Record Date for the purpose of Second Interim Dividend has been fixed as Friday, 25 March 2011 (as already intimated vide our letter dated 15 March 2011).

Further, in terms of the new proviso to Clause 20(a), the said dividend shall be paid / dispatched on Friday, 15 April 2011.

The Record Date for the purposes of Second Interim Dividend, if declared, by the Board of Directors in their meeting to be held on Thursday, 17 March 2011, (as intimated to you vide our letter dated 14 March 2011) has been fixed as Friday, 25 March 2011.

A meeting of the Board of Directors of the Company is being convened on Thursday, 17 March 2011 to consider declaration of Second Interim dividend for the year 2010-11, on the Equity Shares of the Company.