Page 6 - Condensed Interim Financial Statements - For Nine Months Ended March 31, 2022

Adhi South-7 has been spuded on April 14, 2022 and drilling is in progress.
Exploration Blocks
At Ikhlas block (operated by POL with 80% share) Jhandial 3D seismic data processing up to Pre Stack
Depth Migration (PSDM) level is in progress. Langrial 3D seismic acquisition of remaining 166 square
kilometers is in progress.
At DG Khan block (operated by POL with 70% share) DGK-1, exploratory well has been spuded on
October 16, 2021 and drilled 12¼" pilot hole down to 7,101 ft (Section TD). Acquired open hole logs and
conducted MDT but results were not encouraging. Open hole from 12¼" to 17½" hole from 4,900 ft to
5,428 ft and further is in progress. Remaining leads are under evaluation.
North Dhurnal bock (operated by POL with 60% share) was awarded on October 13, 2021. A technical
workshop was held to conduct a seismic data review session.
At Kirthar South block (operated by POL with 85% share) Well staking of Bandhak-1 and its access
route survey have been completed.
At Margala block (operated by MOL where POL has 30% share) 2D Seismic acquisition of 203 line
kilometers has been completed, processed and interpreted. Tarnol-1 an exploratory well has been
finalized. Land acquisition for the surface drilling site is in progress.
At Tal block (operated by MOL where POL has pre commerciality share of 25%) based on 3D Seismic
data interpretation, an exploratory well Razgir has been approved by the joint venture partners but on
hold due to gas price dispute with the Government. 152.93 square kilometers Seismic data acquisition
over KOT area was completed and data processing and interpretation has been completed. TAL West
area 3D Seismic data processing and interpretation has been completed to identify new prospects.
Mamikhel South-01 well production line has been completed. In order to start production Government's
approval is awaited for the 2012 Petroleum Policy Gas Price.
At Hisal block (operated by PPL where POL has 25% share) bidding process to acquire 3D Seismic
data acquisition is in progress.
At Gurgalot block (operated by OGDCL where POL has 20% share) 320 square kilometers 3D seismic
data acquisition has been completed and data processing is in progress.
At Taung block (operated by Mari Petroleum where POL has 40% share) 340.94 square kilometers 3D
Seismic acquisition has been completed and seismic data interpretation is in progress.
At Nareli block (operated by Mari Petroleum where POL has 32% share) geological and geophysical
work is in progress.
Acknowledgement
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

Shuaib A. Malik Abdus Sattar
Chairman & Chief Executive Director

Rawalpindi
April 21, 2022

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