March 05, 2015 7:02 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Shiv-Vani Oil & Gas Exploration Services Ltd

Company Overview

Shiv-vani Oil & Gas Exploration Services Limited, together with its subsidiaries, provides oil and gas exploration, production, and allied services in India and internationally. Its core services comprise seismic data acquisition, processing, and interpretation; deep and directional drilling; workover; pipeline construction; and reservoir data acquisition. The company also offers specialized services, including cementing, stimulation, logging, well testing, directional drilling, mud engineering and logging, and logistics services. In addition, it provides coal bed methane development services; offshore drilling services; and gas compression and allied services. Further, the company is involv...

Tower No 1, 5th Floor

NBCC Plaza, Sector-V

Pushp Vihar

Saket

New Delhi,  110017

India

Founded in 1989

Phone:

91 11 2956 4592

Fax:

91 11 2956 5082

Key Executives for Shiv-Vani Oil & Gas Exploration Services Ltd

Joint Managing Director, Executive Director, Chairman of Shareholders/Investors Grievance Committee, Chairman of Allotment Committee, Chairman of Routine Transactions Committee, Member of Share Transfer Committee, Member of Audit Committee and Member of Remuneration Committee
Age: 50
Executive Chairman, Managing Director and Member of Routine Transactions Committee
Age: 56
President of Technical
Age: 49
Vice President of Projects
Compensation as of Fiscal Year 2014.

Shiv-Vani Oil & Gas Exploration Services Ltd Key Developments

Shiv-Vani Oil & Gas Exploration Services Ltd Announces Unaudited Consolidated and Standalone Financial Results for the Third Quarter and Nine Months Ended December 31, 2014

Shiv-Vani Oil & Gas Exploration Services Ltd. announced unaudited consolidated and standalone financial results for the third quarter and nine months ended December 31, 2014. For the quarter, on consolidated basis, the company reported loss from operations before other income, finance costs & exceptional items of INR 566 million against INR 905 million for the same period of last year. Loss from ordinary activities before tax was INR 1,651 million against INR 1,923 million for the same period of last year. Net loss for the period was INR 1,651 million or INR 35.61 per basic and diluted share against INR 1,923 million or INR 41.48 per basic and diluted share for the same period of last year. Net sales/income from operations were INR 536 million against INR 594 million for the same period of last year. For the nine months, on consolidated basis, the company reported loss from operations before other income, finance costs & exceptional items of INR 2,660 million against INR 1,844.6 million for the same period of last year. Loss from ordinary activities before tax was INR 5,921 million against INR 5,359 million for the same period of last year. Net loss for the period was INR 5,921 million or INR 127.71 per basic and diluted share against INR 5,359.4 million or INR 115.6 per basic and diluted share for the same period of last year. Net sales/income from operations were INR 1,601 million against INR 2,919 million for the same period of last year. For the quarter, on standalone basis, the company reported net sales/income from operations of INR 321.458 million, total income from operations of INR 438.156 million, loss from operations before other income, finance costs and exceptional items of INR 332.195 million, loss from ordinary activities before tax of INR 1,198.246 million, net loss of INR 1,198.246 million or INR 25.85 per basic and diluted share before and after extraordinary items compared to the net sales/income from operations of INR 378.997 million, total income from operations of INR 301.926 million, loss from operations before other income, finance costs and exceptional items of INR 604.384 million, loss from ordinary activities before tax of INR 1,398.259 million, net loss of INR 1,398.26 million or INR 30.16 per basic and diluted share before and after extraordinary items for the same quarter a year ago. For the nine months period, on standalone basis, the company reported net sales/income from operations of INR 1,005.491 million, total income from operations of INR 1,183.247 million, loss from operations before other income, finance costs and exceptional items of INR 1,861.789 million, loss from ordinary activities before tax of INR 4,573.54 million, net loss of INR 4,573.54 million or INR 98.65 per basic and diluted share before and after extraordinary items compared to the net sales/income from operations of INR 2,093.126 million, total income from operations of INR 2,123.417 million, loss from operations before other income, finance costs and exceptional items of INR 1,196.582 million, loss from ordinary activities before tax of INR 4,467.847 million, net loss of INR 4,467.848 million or INR 96.37 per basic and diluted share before and after extraordinary items for the same period a year ago.

Shiv-Vani Oil & Gas Exploration Services Ltd, Board Meeting, Feb 13, 2015

Shiv-Vani Oil & Gas Exploration Services Ltd, Board Meeting, Feb 13, 2015. Agenda: To discuss quarterly results.

Shiv-Vani Oil & Gas Exploration Services Ltd, Board Meeting, Jan 29, 2015

Shiv-Vani Oil & Gas Exploration Services Ltd, Board Meeting, Jan 29, 2015. Agenda: To consider the proposal of the Lenders for conversion of interest amount from October to December, 2014 into Equity Shares of the company of INR 10 each at a premium of INR 5.95 per shares as per CDR package approved by CDR-EG; to convene postal ballot for taking approval of the shareholders on the conversion of interest amount of lenders into equity shares; and to consider the change of name of the company from Shiv-Vani Oil & Gas Exploration Services Ltd. to SVOGL Oil, Gas and Energy Limited.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
July 17, 2014
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