Selan Exploration: Are the really digging the Wells?

This company came to my notice as many value investors have bought into it (Parag Parikh, Dolly Khanna).

Has anyone looked into it?

This company has 45-50% PAT margin !!!

They will be drilling new wells starting Q4 which were pending due to regulatory hurdles which would take the production to higer levels and sales could easily multiply by 2-3 times and the stock can easily go into another orbit.

This company looks awesome if you consider the cashflows and the PAT margin its generating. Is it true? Are the oil wells for real? :smiley:

Can a capital intensive company have such high profit margins?

Have a look at this article for the bullishness of value investors.

http://articles.economictimes.indiatimes.com/2014-02-06/news/47089793_1_ashish-chugh-selan-exploration-barrels