Oil Discovery
Drilling Update POL: Lumshiwal formation is tested for flow of 25MMCFD of Gas and 1200 bpd of Oil.
Testing of well no 2 is in progress. Testing results of Hangu and Lockhart formation are also in final stages and is expected to produce 500bpd of Oil and 20mmcfd gas. Annualized earning impact of these discoveries is around Pkr.5/ share for Pakistan Oil Fields
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