⚡ Flash Summary

Mari Energies Limited has been provisionally awarded the Block 28-North (3068-11) for petroleum exploration rights by the Ministry of Energy (Petroleum Division). The block is located in Balochistan. The company is coordinating with the Directorate General of Petroleum Concessions (DGPC) to finalize the Petroleum Concession Agreement (PCA) and Exploration Licence (EL). This award is subject to the final execution of relevant agreements with the Government, marking a potential expansion of Mari Energies’ exploration portfolio.

📌 Key Takeaways

• ✅ Mari Energies provisionally wins Block 28-North for exploration.
• 🗺️ The block is located in the Balochistan province.
• 🤝 Awarded by the Ministry of Energy (Petroleum Division).
• 📑 Coordinating with DGPC for PCA and EL finalization.
• 📜 Award subject to final government agreements.
• ⬆️ Potential for increased exploration activities.
• 💼 Expansion of Mari Energies’ asset portfolio.
• 🗓️ Announcement date: November 07, 2025.
• 📍 Registered office: Islamabad, Pakistan.
• 🌐 Listed on Pakistan Stock Exchange.
• 🏢 Company Secretary: Brig Sumair Ashraf Sheikh (Retd).
• ✉️ Subject: Disclosure of Material/Price Sensitive Information
• 🔑 Key agreement is the Petroleum Concession Agreement (PCA).

🎯 Investment Thesis

The provisional award of Block 28-North exploration rights presents a BUY opportunity for Mari Energies. The potential for new discoveries could significantly boost the company’s future revenue and profitability. The time horizon for realizing these gains is MEDIUM_TERM, contingent on successful exploration results.