Inside Financial Markets

Oil and Gas Exploration & Production Previews

By: Taurus Securities Limited

Exploration & Production: During 1QFY16, country total crude oil flows dwindled by 8% to 84.6kbpd while gas   production remained stable at 4.2bcfd and LPG flows rose by 12% to ~1.4kMT/d.

Further, Arab‐light crude oil prices fell by 18% QoQ to USD50/bbl. which would depress 1QFY16 revenues of the E&P sector.

However, profits would improve by 17% QoQ, primarily due to lower exploration costs and booking of exchange gains.

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During the quarter, earnings of Taurus universe E&P companies i.e. POL, OGDC and PPL are likely to clock in at PKR1.7bn (EPS PKR7.3), PKR18.6bn (EPS PKR4.3) and PKR8.1bn (EPS PKR4.1), respectively.

Baqar Hussain

A Wannabe CFO, just had stepped in the corporate sector, willing to explore every aspect here and learn as mush as i can, awareness for those who dont, get the info where ever possible and stay up to date always.

The Canadian Securities Institute


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