Page 6 - Condensed Interim Financial Statements - 1st quarter ended September 30, 2019

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the flowing wellhead pressure of 3,767 psi. Production from the well is expected to start from
December 2019.
Mardankhel-4 well location has been finalized whileMakori East-7 well location is under review.
AtAdhi field (operated by Pakistan PetroleumLimited, where POLhas 11%share),
Adhi-33: Well was spudded on June 27, 2019 and achieved its target depth. Presently, well testing
is in progress.
Adhi-34: Well was spudded on June 30, 2019, drilling at 7,287 ft is in progress.
Adhi South-4: Well was spudded on June 28, 2019 and achieved its target depth. Presently, well
testing is in progress.
At Ratana Field (operated by Ocean Pakistan Limited, where POL has 4.545% share), based on 3D
seismic fractured study Ratana-5 well has been approved and expected to be drilled during this year.
At Ikhlas block (operated by POL with 80% share), Working on way forward of Ikhlas concession is in
progress. 3D Seismic acquisition over Langrial prospect is in progress. Presently, “Jhandial – 2” well
has been approved staked and expected to be spudded in the second quarter of financial year 2020.
At DGKhan block (operated by POLwith 70% share), based on 2D Seismic data, DGK-1 well has been
finalized and presently road to well location and well site construction is in the planning phase.
At Margala block (operated by MOLwhere POL has 30% share), 2D Seismic data acquisition has been
completed and data processing is in progress.
At Tal block (operated by MOL, where POL has pre-commerciality share of 25%), at KOT area 3D
Seismic data acquisition of 152.993 square kilometers has been completed and data processing is in
progress.At TALWest area 3DSeismic data acquisition of 580 square kilometers has been started.
Mamikhel South as exploratory well has been spudded on October 06, 2019 and drilling is in progress.
At Gurgalot block (operated by OGDCL where POL has 20% share), Gurgalot 3D seismic data
processing 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
Abdus Sattar
Chairman & Chief Executive
Director
Rawalpindi
October 15, 2019
Exploration blocks
Acknowledgement
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