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

PAK PETROLEUMXDXB (PPL)
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Pakistan Petroleum : New Oil, Gas Reserves Discovered in Sanghar

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12/07/2018 | 11:53am CET

Pakistan Petroleum Limited (PPL) has announced the discovery of oil and gas reserves in Gambat area in Sanghar District of Sindh province, Dunya News reported on Wednesday.

According to PPL sources, during the initial short duration tests carried out, the well flowed oil at the average rate of 160 barrels and 18.6MMSCFD of gas per day.

According to authorities, the discovery was good news for the nation and the energy sector of Pakistan. The discovery of new oil and gas reservoirs were vital to cope with the prevailing energy shortage in the country.

(c) 2018 ITP Business Publishing Ltd. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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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
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Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 201  PKR
Spread / Average Target 23%
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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
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