Gas reserves discovered at Matiari,Sindh Pakistan

oil-and-gasnews5sf454f5sPakistan Petroleum Limited (PPL) has discovered gas reserves at exploratory well Bashar X-1 ST located in District Matiari, Sindh. PPL has working interest of 65 percent. During testing, gas flowed at a rate of 8.7mmcfd. “We estimate this discovery is likely to have an annual earning impact of Rs 0.15 per share,” Khurram Shehzad, a senior analyst said.