Inside Financial Markets

Discovery of Hydrocarbons at Shahdad X-1 (Gambat South)

pplDiscovery of Hydrocarbons at Shahdad X-1 (Gambat South)

PPL has announced discovery of hydrocarbons at 2nd Exploratory well Shahdad X-1 in Gambat South Block in District Sanghar, Sindh. PPL is the operator of the block with 65% working interest.

Drill stem test results (DST) from Lower Goru Formation have yielded 27.8mmcf/day of gas and 337bbl/day condensates on 64/64” choke size. Back of the envelope calculation reveals an annualized EPS impact of PKR 1.2/sh for PPL.

Sanie Khan

Sanie Khan holds a deep knowledge of the financial markets in Pakistan. Based in Karachi, he has over 20 years of hands-on management experience in financial technologies and managing operations in the financial sector. He was the General Manager at the Pakistan Stock Exchange (PSX) for 17 years. He along-with senior members of Exchange

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Inside Financial Markets was a joint publication of Pakistan Stock Exchange (PSX)and Society of Technical Analysts Pakistan (STAP)