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

PAK PETROLEUMXDXB

(PPL)
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Pak PetroleumXDXB : Offshore drilling near Karachi coast enters final phase

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05/13/2019 | 05:28am EDT

The Kekra-I offshore drilling near Karachi coast has entered its final phase. According to Radio Pakistan, Minister for Petroleum OmarAyub Khan and Special Assistant to the Prime Minister on Petroleum Nadeem Babar visited the offshore Indus GBlock called Kekra-I, off the Karachi coast, and reviewed pace of drilling activities. In a joint venture, a group of multinational companies, including ENI, Exxon Mobil, Oil and Gas Development Company Limited and Pakistan Petroleum Limited, started offshore drilling, some 280 kilometres away from the Karachi coast, in January 2019. The offshore drilling is being carried out at estimated exploration cost of 75 million dollars. Last week, Federal Minister for Energy Omar Ayub Khan had said that the report on any discovery of energy reserves at Kekra-I site will come within three to four weeks. The drilling will reach up to the total depth of 5,660 meters in ultra deep waters, the minister said. Recently international energy research agency Rystad Energy in a report had said that the Eni-led Kekra project for oil and gas reserves in Pakistani waters is among three highly prospective wells in the world.

© Pakistan Press International, source Asianet-Pakistan

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Financials (PKR)
Sales 2020 197 B
EBIT 2020 95 450 M
Net income 2020 68 376 M
Debt 2020 -
Yield 2020 6,56%
P/E ratio 2020 4,55x
P/E ratio 2021 3,97x
Capi. / Sales2020 1,58x
Capi. / Sales2021 1,42x
Capitalization 312 B
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Mean consensus BUY
Number of Analysts 12
Average target price 166,59  PKR
Last Close Price 114,61  PKR
Spread / Highest target 65,0%
Spread / Average Target 45,4%
Spread / Lowest Target 20,0%
EPS Revisions
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NameTitle
Moin Raza Khan Chief Executive Officer & Managing Director
Shamsul Islam Chairman
Syed Ehtesham Ahmad Chief Financial Officer
Mohammad Ahmed Kauser General Manager-Information Technology
Sajid Mehmood Qazi Non-Executive Director
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