MARI successful drilling in Mari Ghazij formation

In a notification sent to PSX on 22/04/2024, Mari Petroleum Company Limited (MARI) has announced the successful drilling of third appraisal well in Mari D&PL.

MPCL has successfully drilled and tested the third appraisal well in the Ghazij formation in the Mari D&PL. This well is a part of the appraisal program for the Ghazij discovery which was disclosed vide letter no. MPCLlCS/CA-02/3386, dated January 25, 2023.
The well was spudded in on February 15, 2024, and drilled down to 1,483 meters. The post-acid gas flow rate from the well was 10.5 million standard cubic feet per day (MMSCFD) with a wellhead flowing pressure (WHFP) of 490 pounds per square inch (Psi) at 64/64-inch choke size.
The well shall be put into production in due course after the completion of requisite regulatory formalities. The company is also preparing a field development plan for submission to the relevant regulatory authority for approval.

The shares of MARI were last trading Rs. 2750.00 today.

📢 Announcement: We're Moving to Discord – Join Us There! 

Hi everyone! 👋

To improve your experience and offer additional features, we’re moving our community from WhatsApp to Discord!

Here’s what you’ll get on Discord:

✅ Research Reports Channel – Access a regularly updated compilation of valuable research reports
✅ PSX24/7 Bot – Ask anything about the PSX and get instant insights powered by KSEStocks historical data
✅ Organized Channels – Separate spaces for discussions, news, reports, and more
✅ Better Notifications – Control what you see and when
✅ Smoother Interaction – Easier to follow and participate in conversations
✅ Organized trading ideas - trading ideas that you can discuss and keep track of

Join now 👉 https://discord.gg/kST9hWjS

⚠️ 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 →