Mari Petroleum Company Limited
21 Mauve Area, 3rd Road, G-10/4,Islamabad-44000, Pakistan.
UAN: +92-51-111-410-410 Fax: +92-51-2352859 P.O. Box NO.1614
M peL | www.mpcl.com.pk |
The Managing Director
Pakistan Stock Exchange Limited
Stock Exchange Road
Karachi
Subject: Disclosure of MateriallPrice Sensitive Information
Dear Sir,
In accordance with Section 96 of the Securities Act, 2015 and Clause Regulations, we hereby convey the following information:
NTN: 1414673-8
GST No. 07-01-2710-039-73
MPCL-CA-24-3968
July 01, 2024
5.6.1 (a) of the PSX
Successful Drilling of Another Appraisal Well in Ghazij Formation (Ghazij Discovery) in the Mari Development and Production Lease (D&PL), Sindh
MPCL has successfully drilled and tested the fourth appraisal well in Ghazij formation (Ghazij Discovery) in the Mari D&PL. This well is a part of the appraisal program for the Ghazij discovery, which was disclosed vide our letter No. MPCLlCS/CA-02/3386, dated January 25, 2023.
The well was spudded in on April 21, 2024, and drilled down to a depth of 1 ,006 meters. The post- acid gas flow rate from the well was 5.0 million standard cubic feet per day (MMSCFD) with a wellhead flowing pressure (WHFP) of 363 pounds per square inch (psi) at 128/64-inch choke size.
The well shall be put on production 111 due course after completion of requisite regulatory formalities.
MPCL is the Operator ofMari D&PL with 100% working interest.
You may please inform the Members of the Exchange accordingly.
Best regards,
I
Muhjad
Acting Company Secretary
Cc:
Director (Enforcement)
Securities and Exchange Commission of Pakistan
NlC Building, Jinnah Avenue, Blue Area, Islamabad
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Mari Petroleum Company Limited published this content on 01 July 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 July 2024 10:36:15 UTC.