MOL Pakistan Oil & Gas Co B.V. (MOL) has encountered additional hydrocarbons from the development well Makori Deep-03 in the TAL block, District Karak, KPK.

The tested hydrocarbons from the well amounted to 2.1 thousand barrels per day of oil and 22 million cubic feet per day of gas, respectively. Notably, OGDC, PPL, and POL hold respective working interests of 27.8%, 27.8%, and 21.1% in the lease.

We anticipate the aforementioned development to have an annualised EPS impact of approximately PKR 9.2, 0.80, and 1.3 per share for POL, OGDC, and PPL, respectively.

 Courtesy- AKD Research