shiv-vani oil exploration

With oil prices sky-rocketing above 70$ and moving towards 90-100$, I feel investment in oil exploration companies to be a safe one even if the markets correct. One of the best scrips in this sector seems to be Shiv-vani Oil Exploration. At present available for around Rs.260/- and with just 12% public equity, it can move beyond Rs.400/- in the coming months if the oil prices continue to move.

The information about the company is as under:
SHIV-VANI is a leading private sector oil and gas exploration & exploitation Company having the largest fleet of onshore rigs in India. The Company has a fleet of onshore drilling and workover rigs with capacities ranging from 450 to 2000 HP that can drill up to 21,000-feet depth. The Company is the only one in India having an onshore rig equipped with Top Drive System that facilitates faster drilling and enhances operational efficiency.
The Company's Deep Drilling rigs, National-110-UE, 1500 HP and Ideco-E-2100, 2000 HP that can be broken down in modules of less then 15 tons for easily transportation making it suitable for most logistically difficult terrain. The Company has worked in all parts of India having varied terrain conditions, from the rugged mountain of Himalayas to the inhospitable marshy jungles of North-East India.
The Company has a well-qualified technical team with experience of more than 20 years. Our key technical personnel have worked with top international companies all over the world. The technical team undergoes through a process of regular on-the-job training and technical training program to keep them abreast of the latest technological advances made in oil industry.
The Company has been, from time to time, entering into strategic tie-ups and technical collaboration with premier international companies to provide technical backup and support for specialized services in different fields including drilling and workover services.
The Company is a member of the International Association of Drilling Contractors (IADC) and all of its rigs are registered with this premier organization of global oil and gas industry and are getting certified for LTA (Lost Time Accident) regularly. The Company has critically explicit policy to provide the international standard services with almost no break down hours with optimum performance of its equipment and manpower.
Health, Safety and Environment are prime concerns while carrying out all operations. The Company has a well-defined corporate Safety Policy to ensure safe working conditions, better health preservation and protection of the pristine environment in all of its widespread operational areas. The Company has developed a good preventive maintenance program for the rig equipment to ensure safe working condition at rig site.
you can also visit their site www.shiv-vani.com


Exploration Services Ltd BSE : 522175 Group : Indian Private
NSE : SHIV-VANI Chairman : Prem Singhee
Industry : Oil Drilling / Allied Services
Market Cap : Rs. 558.59 Cr Market Lot : 1 Face Value : 10 ISIN Demat : INE756B01017

Share Holding Patterns as on : 31/12/2005
Share Holding Patterns No. Of Shares Percentage (%)
Total Foreign 1015325 4.7
Total Institutions 1000000 4.62
Total Govt Holding 0 0
Total Non Promoter Corporate Holding 2498042 11.55
Total Promoters 14343000 66.32
Total Public & Others 2770533 12.81
Totals 21626900 100

Don't know much abt the fundamental aspects,but nice charts on SHIV VANI.Weekly charts -nice breakout on strong volumes.For a buy,would be a neat entry over the next few weeks if it can put in a sideways move from here or a mild pullback.

Saint

any idea about SELAN EXPLO!

Hi all,

I agree shiv vani is a good stock to buy. Technically we already have saints approval if the stock pull backs a little or consolidates at this point and fundamentally also it is a good stock.

Rahul

Yesterday shiv-vani has given a good breakout after correcting from 282 to 225. It broke 282, touched 295 with average close being around 282 but the last trade was around 292. Hence this becomes a good investment pick especially when the oil price is projected to touch 100$ this year.

Thanks for information

vinayakvb