Pakistan Oilfields Limited’s material information

Karachi, November 05, 2012 (PPI-OT): In accordance with the Listing Regulations, as per information received from MOL, the operator of TAL Block, drilling of Mamikhel-2 well has been completed. The well has been completed in Lockhart and Hangu formations and comingled production from these formations was 1,038bbls per day of oil (API gravity 58) and 21.0 MMsef of gas per day with traces of water at 32/64″ fixed choke size at flowing wellhead pressure of 3,608 psi.

Hydrocarbons were also encountered in Lumshiwal formation, however, due to excessive water production, the well is not completed in Lumshiwal formation.

The pre-commerciality working interest of Pakistan Oilfields Limited (POL) is (25%)

For more information, contact:
Syed Khalid Zaidi
Company Secretary
Pakistan Oilfields Limited
P.O.L. House, Morgah,
Rawalpindi 46600 Pakistan
Tel: +92-51-5487589-97(9 Lines)
Telefax: +92-51-5487598-99(2 Lines)
Email: polcms@isb.paknet.com.pk

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