KARACHI – In a notice issued in Karachi Stock Exchange, Pakistan Oilfields Limited (POL) has disclosed the discovery of 16.3 MMCFD of gas. This find was made in Tolanj X-1 well of TAL Block.
According to Shahbaz Ashraf at AHL this would result in an Earning per Share (EPS) impact of Rs 0.05, Rs 0.23, Rs 0.73 on Oil and Gas Development Company (OGDC) with a 28 percent stake, Pakistan Petroleum Limited (PPL) with 28 percent stake and POL owning a 21 percent stake, respectively.
The company also declared that the full scope of the find will be known in roughly two months, till the well reaches the planned depth.
