Real Time Communications Industry News

TMCNet:  Three Gas Discoveries from Mari Gas Field, District Ghotki announcement by Mari Petroleum Company Limited [Pakistan Press International]

[September 12, 2013]

Three Gas Discoveries from Mari Gas Field, District Ghotki announcement by Mari Petroleum Company Limited [Pakistan Press International]

(Pakistan Press International Via Acquire Media NewsEdge) Following is the text of announcement by Mari Petroleum Company Limited.

Quote In terms of Section 15D(1) of the Securities and Exchange Ordinance, 1969 and clause (xx) of the Code of Corporate Governance, we are enclosing herewith a Form disclosing information regarding three gas discoveries from the drilling of Exploration wells in its Mari D and P Lease Area at Mari Gas Field, District Ghotki, Sind.


You may please inform the Members of the Exchange, accordingly.

Disclosure Form in Terms of Section 15D of the Securities and Exchange Ordinance, 1969 Name of Company: Mari Petroleum Company Limited (Formerly, Mari Gas Company Limited) Date of Report: September 11, 2013 Name of Company as specified in its Memorandum Mari Petroleum Company Limited Company's registered office: 21-Mauve Area, 3rd Road, Sector, G-10/4, Islamabad.

Contact information: Tel: (051) 111-410-410 Disclosure of inside information by listed Company in terms of Section 15D(1) Three Gas Discoveries at Mari Development and Production Lease Area, Daharki, District, Ghotki, Sind.

By the Grace of Allah (SWT), Mari Petroleum Company Limited (MPCL) has made three gas discoveries during the drilling of Exploration wells in its Mari D and P Lease Area. The cumulative production to be added to the country's gas production from said discoveries is estimated to be approximately 6 MMSCFD.

MPCL is the sole owner and Operator of Mari D and P Lease, located at Daharki, Sind Province. The said discovery Wells were drilled back to back in Pirkoh Formation and were spud-in and completed within a short period of two months to depths ranging between 551 to 667 meters. The wells were drilled using MPCL's own Sky Top Brewester Rig and crew. Successful drill stems tests (DST) were carried out, by perforating Pirkoh Limestone which resulted in gas flow from all the three wells.

Signature Pursuant to the requirements of the Securities and Exchange Ordinance, 1969 (XVII of 1969), the Company has duly caused this form/statement to be signed on its behalf by the undersigned hereunto duly authorized.

For more information, contact: Assad Rabbani Company Secretary Mari Petroleum Company Limited (Formerly, Mari Gas Company Limited) 21 Mauve Area, 3rd Road G-10/4 Islamabad- 44000, Pakistan UAN: +92-51-111-410-410 Fax: +92-51-2297686 P.O. Box No: 1614 Website: www.marigas.com.pk Unquote (c) 2013 Pakistan Press International (PPI). All rights reserved. Provided by Syndigate.info an Albawaba.com company

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