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PPL annoucnes discovery of Pateji X-1 in Shah Bandar Block

Pakistan Petroleum Limited (PPL), the Shah Bandar Block operator in District Sujawal, Sindh, has reported the discovery of Pateji X-1 with estimated production flows of 11.7mmcfd gas and 198bpd condensate. PPL and MARI hold post-commerciality interests of 63%/32% interest in the discovery, where we estimate annualized EPS impact of PkR0.64/0.74 for the companies. (sources AKD Research ).

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