Inside Financial Markets

Hydrocarbon discoveries expected for Pakistan oil feild (POL)

feildHydrocarbon discoveries expected for Pakistan oil feild (POL)

As per our source Maramzai-3 and Makori East-4 are expected to successfully test for hydrocarbon reserves. Maramzai-3 is expected to produce at 3,000bpd of oil and 20-30mmcfd of gas, while Makori East-4 is likely to produce 5,000bpd of oil and 20-300mmcfd of gas. Cumulatively, As per consensus of research Analysts  minimum earnings impact would be of ~Rs 9/share on Pakistan oil Feild.

Ahsan Baig

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