Page 23 - Condensed Interim Financial Statements - September 2023

Notes to and forming part of the Condensed Interim
Financial Statements (Unaudited)
For the three months ended September 30, 2023

Three months ended

Sep 30, 2023 Sep 30, 2022

Rupees (’000)
16. Operating costs
Operating Cost - Own fields 419,227 397,738
- Share in joint operations 1,200,337 916,784
Well workover 114,122 24,383
POLGAS - LPG cost, carriage etc. 422,506 510,354
Pumping and transportation cost 25,865 22,107
Depreciation 388,398 392,805
2,570,455 2,264,171
Opening stock of crude oil and other products 577,479 384,649
Closing stock of crude oil and other products (628,107) (539,335)
2,519,827 2,109,485
17. Amortization of development and
decommissioning costs
Amortization charge for the year - note 9 778,090 746,159
Revision in estimates of provision for decommissioning
costs in excess of related assets credited to statement
of profit or loss (603,605) (242,963)
174,485 503,196

18. Exploration costs
Geological & geophysical cost 699,128 173,146
Dry and abandoned wells cost charged to the
exploration costs - note 10 20,062 4,353,066
719,190 4,526,212

19. Finance costs - net

Provision for decommissioning cost
- Unwinding of discount 1,097,742 650,714
- Exchange loss 172,749 2,183,119
Banks' commission and charges 1,514 1,585
1,272,005 2,835,418

20. Other charges

Workers' profit participation fund 713,292 319,965
Workers' welfare fund 195,166 172,533
908,458 492,498

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