⚡ Flash Summary

Hub Power Company (HUBCO), through its subsidiary Prime Global Energies Limited, has been provisionally awarded exploration rights over four onshore blocks in collaboration with Pakistan Petroleum Limited, Mari Energies Limited, and Oil and Gas Development Company Limited. The blocks include Sapat Bandar (where Prime is the operator with a 31% share), Zarrar (20% share), Keti Bandar (20% share), and Bin Qasim South (20% share). This expansion into exploration signifies a strategic move to diversify and strengthen HUBCO’s portfolio within the energy sector, pending regulatory approvals and procedural completion. The announcement was made on November 14, 2025.

📌 Key Takeaways

• ✅ HUBCO’s subsidiary, Prime Global Energies, secured exploration rights over 4 onshore blocks.
• 🤝 Collaboration with key industry players like Pakistan Petroleum Limited (PPL), Mari Energies Limited, and Oil and Gas Development Company Limited (OGDCL).
• 📍 Block No. 2465-5 (Sapat Bandar): Prime is the Operator with a 31% share.
• 📍 Block No. 2267-3 (Zarrar): 20% share.
• 📍 Block No. 2367-6 (Keti Bandar): 20% share.
• 📍 Block No. 2466-10 (Bin Qasim South): 20% share.
• ⏳ Regulatory approvals and procedural formalities are pending.
• 💼 Expansion into oil and gas exploration diversifies HUBCO’s energy portfolio.
• 🗓️ Announcement date: November 14, 2025.
• 🏢 Prime International Oil and Gas Company Limited (Prime) is a joint venture of Hub Power Holdings Limited.
• 📈 Potential for increased revenue and profitability through successful exploration and production.
• 🛡️ Risk mitigation through partnerships with established companies.

🎯 Investment Thesis

BUY. HUBCO’s strategic expansion into oil and gas exploration offers potential upside. The partnership with established players reduces operational and financial risk. Successful exploration could significantly boost future earnings. Price Target: A 15% increase from the current market price, contingent on positive initial exploration results. Time Horizon: Medium Term (1-3 years).