Mari Energies Secures 65% Stake in A Strategic Boost for Pakistan’s Energy Future

The following announcement was made by Mari Energies Limited (MARI) through the Pakistan Stock Exchange. Investors are advised to note the key details.

Mari Energies Limited has signed a farm-out agreement with Hycarbex American Energy Inc. to acquire 65% working interest and operatorship in the Peshawar Block (KP). The acquisition is subject to regulatory approvals and completion of related formalities. This move reflects Mari Energies’ strategy to expand its upstream portfolio, enhance local hydrocarbon exploration, and contribute to Pakistan’s energy security.

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MARI shares were last trading today at Rs. 742.00

⚠️ This post reflects the author’s personal opinion and is for informational purposes only. It does not constitute financial advice. Investing involves risk and should be done independently. Read full disclaimer →