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MarketScreener Homepage  >  Equities  >  KARACHI STOCK EXCHANGE (GUARANTEE) LIMITED, THE  >  Pakistan Petroleum Ltd.    PPL   PK0081801018

PAKISTAN PETROLEUM LTD.

(PPL)
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Pakistan Petroleum : Petroleum Minister, SAPM visit offshore drilling sight Kekra-I

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05/11/2019 | 05:34pm EDT

Minister for Petroleum Omar Ayub Khan and Special Assistant to the Prime Minister on Petroleum Nadeem Babar Friday visited the offshore Indus G-Block called Kekra-I, some 230-km off the Karachi coast, and reviewed pace of the drilling activities.

They visited the rig ship and appreciated the drilling pace which has entered its final phase, a Petroleum Division press release said.

The offshore drilling is a joint venture of ENI, Exxon Mobil, Oil and Gas Development Company Limited and Pakistan Petroleum Limited, which was being carried out at estimated exploration cost of $ 75 million. The consortium has started drilling activities on January 13, 2019.

Experts believe that there are huge hydrocarbon deposits, sufficient for 25 to 30-year needs of the country, if proven. The discovery is anticipated to yield gas flows which could be 'as big as Sui field,' with estimated reserves of three to eight trillion cubic feet (TCF), or 25-40 percent of the country's total gas reserves.

© Pakistan Press International, source Asianet-Pakistan

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Financials (PKR)
Sales 2019 154 B
EBIT 2019 68 369 M
Net income 2019 56 297 M
Debt 2019 -
Yield 2019 6,39%
P/E ratio 2019 6,18
P/E ratio 2020 6,12
Capi. / Sales 2019 2,31x
Capi. / Sales 2020 2,16x
Capitalization 357 B
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Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 208  PKR
Spread / Average Target 32%
EPS Revisions
Managers
NameTitle
Moin Raza Khan Chief Executive Officer & Managing 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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