Oil and Natural · Material risks, their source context, and severity in the latest available quarter.
ConCallIQ research layer
Use the controls below to narrow the view, then follow the evidence into the next layer of context.
Risk intelligence
KG basin Block 98/2 experienced unexpected geological surprises causing oil production to drop significantly. Management has identified solutions but recovery will take ~12 months and involves drilling additional wells.
DUDP project monetization commenced late (March vs. earlier target) with only 4 of 15 wells opened by quarter-end. Full opening pushed to September-October with peak production 1-2 years away.
OPAL operated at less than 60% capacity in March Q4 due to gas allocation diversion for LPG production. Full recovery expected within 4-5 days but represents operational vulnerability.
Management explicitly refused to disclose exploration capex breakdown citing competitive sensitivity, making it difficult to independently verify forward production guidance from disclosed well counts.
