Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  KARACHI STOCK EXCHANGE (GUARANTEE) LIMITED, THE  >  Pak PetroleumXDXB    PPL   PK0081801018

PAK PETROLEUMXDXB (PPL)
My previous session
Most popular
  Report  
SummaryChartsNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweets

Back-to-back: PPL makes another gas discovery

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/07/2018 | 10:08am CET

Pakistan Petroleum Limited (PPL) has announced back-to-back gas discoveries as it has now found reserves at exploration well Benari X-1 (ST-2) located in Sujawal district of Sindh, according to a notification sent to the Pakistan Stock Exchange (PSX) on Thursday.

'Drill stem testing in A-Sand unit of Upper Sand, Lower Goru Formation showed a flow of 9.05 million cubic feet of gas per day (mmcfd),' the company notified the stock exchange.

On Wednesday, the firm had found gas and oil deposits of 12.1 mmcfd and 157 barrels per day respectively at exploration well Hadaf X-1 (ST) Sanghar district of Sindh.

PPL's share price dropped 2.86%, or Rs4.91, and closed at Rs166.58 with trading in 862,600 shares at the PSX.

PPL is the operator of block 2,467-16 (Shah Bandar) with 63% working interest along with joint-venture partners Mari Petroleum Company with 32% working interest and Sindh Energy Holding Company and Government Holdings Private Limited with 2.5% working interest each.

Exploration well Benari X-1 (ST-2) was drilled in May 2018 and it reached a depth of 3,470 metres to test the hydrocarbon potential of the Lower Goru Formation.

Based on wire line logs, potential hydrocarbon-bearing zones were identified inside the target reservoir.

© Pakistan Press International, source Asianet-Pakistan

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on PAK PETROLEUMXDXB
12/10PAK PETROLEUMXDXB : Stock market remained jittery in last week
AQ
12/08KSE-100 stages modest recovery
AQ
12/08PAKISTAN PETROLEUM : JS Securities Limited - Weekly Review
AQ
12/07PAKISTAN PETROLEUM LIMITED : Discovers Gas At Its Exploration Well In Sujawal
AQ
12/07PAKISTAN PETROLEUM : New Oil, Gas Reserves Discovered in Sanghar
AQ
12/07PAKISTAN PETROLEUM : Govt mulls RLNG mixing for gas supply to domestic consumers
AQ
12/07PAKISTAN PETROLEUM : Oil, gas discoveries enhance in 4 months
AQ
12/07BACK-TO-BACK : PPL makes another gas discovery
AQ
12/07PAK PETROLEUMXDXB : New oil, gas reserves discovered in Sanghar
AQ
12/07PAK PETROLEUMXDXB : PPL discovers gas at its exploration well in Sujawal
AQ
More news
News from SeekingAlpha
2016PAKISTAN : An Undiscovered Land Of Opportunities 
2015PPL declares $0.3725 dividend 
20155 Ace Utility Dividend Dogs Declare 21% To 83% February Upsides 
2015DIVIDEND CONTENDERS : 35 Increases Expected By The End Of April 
20156 Top S&P 500 Dividend Dogs Tail 13% To 33% February Upsides 
Financials (PKR)
Sales 2019 134 B
EBIT 2019 -
Net income 2019 46 804 M
Debt 2019 -
Yield 2019 6,82%
P/E ratio 2019 6,58
P/E ratio 2020 6,40
Capi. / Sales 2019 2,75x
Capi. / Sales 2020 2,43x
Capitalization 368 B
Chart PAK PETROLEUMXDXB
Duration : Period :
Pak PetroleumXDXB Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 201  PKR
Spread / Average Target 23%
EPS Revisions
Managers
NameTitle
Saeed Ullah Shah Chief Executive Officer, MD & Director
Salman Akhtar Chairman
Syed Ehtesham Ahmad Chief Financial Officer
Mohammad Ahmed Kauser General Manager-Information Technology
Muhammad Sajid Farooqi Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
PAK PETROLEUMXDXB-6.56%2 679
CONOCOPHILLIPS20.08%75 878
CNOOC LTD14.26%73 145
EOG RESOURCES-3.98%60 084
OCCIDENTAL PETROLEUM CORPORATION-9.67%50 239
CANADIAN NATURAL RESOURCES LTD-20.24%32 423