Page 6 - Condensed Interim Financial Information - Nine Months Ended March 31, 2017

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Makori East-6 was spudded on January 22, 2017 and drilling down to 11,733 ft is in progress.
AtAdhi field (operated by Pakistan PetroleumLimited, where POLhas an 11%share),
Adhi-26:
The well was spudded on July 04, 2016 and successfully achieved target depth of
11,522 ft. The well was tested and produced 720 barrels of oil and 0.633 mmscf of gas
per day.
Adhi-28: The well was spudded on November 28, 2016 and achieved target depth of 9,298 ft.
Presently, remedial cement squeeze job is in progress.
Adhi-29: The well was spudded onMarch 24, 2017 and drilling at 3,510 ft is in progress.
At Ratana Field (Operated by Ocean Pakistan Limited, where POL has a 4.545% share), 3D seismic
data acquisition in Ratana D&P Lease is in progress. 242.08 square kilometers out of total of about 377
square kilometers have been recorded. Work has been stopped due to local community issues and
efforts are under way to resume acquisition work.
At Ikhlas Block (operated by POL with an 80% share), an exploratory well Jhandial -1 was spudded on
August 22, 2016. It was drilled down to its target depth of 18,497 ft and is currently under testing phase.
Reprocessing of ~400 line kilometers of 2D seismic data has been completed. Interpretation is in
progress to identify any other drillable prospects.
At DG Khan block (operated by POL with a 70% share), last acquired 2D seismic data identified new
leads. About 264 line kilometers additional 2D seismic data acquisition has been planned to firm up the
identified leads.
At Margala block (operated by MOL where POL has a 30% share), 2D seismic data acquisition of ~ 70
line kilometers has been completed and data interpretation is in progress.
At TALblock (operated by MOLwhere POLhas a pre-commerciality share of 25%)
2D/3D seismic data interpretation is in progress to explore the possible deeper plays in TAL block.
Acquisition of 870 sq.km of gravity survey over western part of Manzalai has been completed and
interpretation is in progress. Location of Mamikhel Deep-1 has been approved. Rig has been moved to
spud Tolanj East-1.
At Gurgalot block (operated by OGDCL where POL has a 20% share), Surqamar-1 was spudded on
March 07, 2015. After conducting several side tracks due to fishing and mud loss problems, the well
was drilled down to a final depth of 16,299 ft. In the initial results little amount of gas flowed, extensive
testing with different options are in progress to see potential of this well. 3D seismic data acquisition in
Gurgalot block to cover all themapped leads has been planned.
Pakistan Oilfields has acquired 25% share in Hisal Block which is operated by Pakistan Petroleum
Limited where 2D seismic interpretation of the block is in progress.
The Board would like to extend its gratitude to all its stakeholders for their continuous support, which
they have extended to Pakistan Oilfields Limited.
On behalf of the Board
ShuaibA. Malik
Chairman &Chief Executive
Rawalpindi
April 17, 2017
ExplorationBlocks
Acknowledgement