South West Pinnacle Exploration Ltd Share Price

History of South West Pinnacle Exploration Ltd

South West Pinnacle Exploration Limited was initially incorporated as a private limited company at New Delhi on November 27, 2006 and then converted into a Public Limited Company on November 17, 2017. South West Pinnacle is an ISO 9001:2015 certified company, it is providing end to end drilling, exploration and allied services to coal, ferrous, non ferrous, atomic and base metal mining industries and water & unconventional energy industries. It also provides consultancy for geological field services and allied services. Presently, the Company has 36 operational rigs and support equipment of different capacities to drill upto a depth of 2000 meters. It provides consultancy for geological field services and allied services. It has in-house team of geoscientists for providing integrated ... exploration services including geophysical logging, surface geophysical & topographic surveys. The Company has recently diversified into aquifer mapping for Hydro-geological organisations in India for determining the quantity and quality of groundwater in a particular area, viz., water level, productivity and concentration of various chemicals in groundwater. This helps in identifying zones for groundwater development, groundwater recharge, rainwater harvesting etc. It further has forayed into Horizontal Directional Drilling recently through our subsidiary and has plans to foray into work over rig services. The Company came up with a Public Issue of 45,96,800 Equity Shares through Fresh Issue in February, 2018. The Company entered into the domain of Siesmic data collection and processing in 2018. In FY 2018-19, it drilled over 3 lac meters in different domains like Coal & Mineral, CBM, Shale Gas, Aquifer mapping etc. M/s Pilot Pipelines Private Ltd became thewholly owned subsidiary of the Company w.e.f 05 July, 2019. The Company acquired the 35% Share (52,500 Equity shares) of Alara Resources LLC, Muscat, Oman, in terms of Joint Venture Agreement with Alara Oman Operations Pty Ltd, Australia to carry on the business of exploration in the region of Oman through Alara Resources LLC with JV partner. In 2019-20, the Company drilled over 4 lac meters in different domains like Coal & Mineral, CBM, Shale Gas, Aquifer mapping etc. In 2021-22, the Company completed more than 2.1 Millionmeters of drilling. Besides, it also completed 464 Sq Kilometer of 3D and 407 Line kilometer of 2D Seismic data acquisition and processing. It completed 110 projects out of which 8 projects were completed during FY 21-22. Further, the Company introduced six new clients from private/public sector recently with addition of 3 new domains of exploration and drilling namely Geo -Thermal, Unconventional Oil & Gas and Underground Core Drilling for Copper and Gold Exploration. In FY 2025, Company has undertaken Aquifer Mapping contracts worth Rs 100 Cr from CGWB. Company has been allocated a mining block in Oman, through its second Joint Venture, Al Hadeetha Mining LLC in 2025. Company also completed over 2.8 million meters of drilling. Additionally, the Company has forayed into new domain of 2D/3D Seismic data Acquisition and Processing using Passive Tomographic Technology (PST), which has great potential in areas like North East India.