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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 : 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 2020 197 B
EBIT 2020 95 450 M
Net income 2020 68 376 M
Debt 2020 -
Yield 2020 6,66%
P/E ratio 2020 4,49x
P/E ratio 2021 3,92x
Capi. / Sales2020 1,56x
Capi. / Sales2021 1,40x
Capitalization 307 B
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 12
Average target price 166,59  PKR
Last Close Price 112,89  PKR
Spread / Highest target 67,5%
Spread / Average Target 47,6%
Spread / Lowest Target 21,8%
EPS Revisions
Managers
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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