PPL announced successful completion of production testing of Deeper reservoirs (Lower Goru Formation) at an exploratory well Adam X-1 at Hala Block (Sanghar Sindh). Drill stem test has resulted in flows of 14.3mmcfd gas and 125bbl of condensates at different choke sizes.
PPL is the operator of the block with 65% working interest. Back of the envelope calculation reveals an annualized EPS impact of PKR 0.36/sh for PPL. Analysts reviews