Oil Well Pumps --- Image by © Craig Aurness/CORBIS

Oil Well Pumps --- Image by © Craig Aurness/CORBIS

MOL makes small  gas discovery at Tolang West-1

According to a notice issued at the PSX by Pakistan Petroleum Limited (PPL), MOL has encountered gas reserves at Tolang West-01. During testing, the well flowed gas in Lumshiwal formation at a rate of 7.48mmcfd. POL, PPL and OGDC have respective post-commerciality working interests of 21.05%, 27.76% and 27.76%. We estimate earnings impact of Rs0.38/share on POL, Rs0.06/share on PPL and Rs0.03/share on OGDC. However, actual production may differ from test results.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.