Announcements

The Board of Directors in their meeting held on 21 July 2010 have considered and taken on record the Audited Financial Results for the year ended 31 March 2010.

The Board of Directors in their meeting held on 21 July 2010 have declared an Interim Dividend of Rs. 1.50 per Equity Share for the financial year 2010-11.

The Record Date for the Dividend, if declared, by the Board of Directors in their meeting on Wednesday, 21 July 2010 has been fixed as Thursday, 29 July 2010.

A meeting of the Board of Directors of the Company is being convened on Wednesday, 21 July 2010 to consider inter-alia and take on record the Audited Financial Results for the year ended 31 March 2010 and also to consider declaration of Interim Dividend for the year 2009-10, on the Equity Shares of the Company.

The Arbitral Tribunal, constituted by Selan Exploration Technology Ltd. and the Government of India (through the Ministry of Petroleum and Natural Gas) to resolve their disputes pertaining to the interpretation of the articles related to sharing of Profit Petroleum in the Lohar Production Sharing Contract (“PSC”), has made its Award yesterday.

The Company is in the process of reviewing this Award, which appears prima – facie to be in favour of the Company on the issue of interpretation of the clauses pertaining to sharing of Profit Petroleum with the Government of India under the PSC.

The Award also states that the date of signing of PSC shall be the Effective Date for purposes of calculating the 100% Cost Recovery Period for all Contract Costs.

The financial implications of the Award are being studied and will be conveyed to the shareholders in due course of time.

A meeting of the Board of Directors of the Company is being convened on Tuesday, 27 April 2010 to consider and adopt, inter-alia, the Unaudited Financial Results (Provisional) of the Company for the quarter ended 31 March 2010.

A meeting of the Board of Directors of the Company is being convened on Thursday, 21 January 2010 to consider, inter-alia, and take on record the Unaudited (Provisional) Financial Results for the quarter ended 31 December 2009.

The Board of Directors at their meeting held on 6 November 2009 have decided to close the Buy-Back of Equity shares from Open Market w.e.f 10 November 2009.

A meeting of the Board of Directors of the Company is being convened on Thursday, 29 October 2009 to consider, inter-alia, and take on record the Unaudited Financial Results of the Company for the quarter ended 30 September 2009.

The date fixed for payment of the Interim Dividend [declared by the Board of Directors in their meeting held on 25 July 2009] is 21 August 2009.

The following correction be noted in Annual Report Page 6 – No. 11 (iii) Book Closure date and Notice for AGM – Notes No. (3): ” 2 September 2009 to 8 September 2009 ” to be read as ” 4 September 2009 to 8 September 2009″.