Inside Financial Markets
FacebookXRedditPinterestEmail
HeadlinesMarket Watch

Oil Discovery :Lumshiwal formation is tested for flow of 25MMCFD of Gas and 1200 bpd of Oil.

Sanie Khan
Add comment
26 views
1 min read

Oil-Well-Sunset

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

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

View all posts

Add comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

You may also like

The Canadian Securities Institute

CANADIAN SECURITIES COURSE - Inside Financial Markets

CSI is part of Moody's Analytics Learning Solutions, which offers educational programs and credentials throughout the world.

Email Newsletter

Subscribe to receive inspiration, news, and ideas in your inbox.

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