⚡ Flash Summary
Pakistan Oilfields Limited (POL) has announced that the Razgir-1 well, located in the TAL Block, has been brought onstream on October 12, 2025. Production from the well is being gradually ramped up and is expected to reach a flow rate of 25.1 million cubic feet per day of gas and 333 barrels per day of condensate by the end of the day. POL’s pre-commerciality working interest in the well is 25%. This new production will likely contribute positively to POL’s revenue and profitability.
📌 Key Takeaways
- ⛽ Razgir-1 well brought onstream on October 12, 2025.
- 📍 Well located in the TAL Block.
- 📈 Production being gradually ramped up.
- 💨 Expected gas flow rate of 25.1 million cubic feet per day.
- 💧 Expected condensate production of 333 barrels per day.
- 🤝 POL has a 25% pre-commerciality working interest.
- 🗓️ Expected production targets by the end of the day.
- ✅ Regulatory approvals secured prior to commencement.
- MOL is the operator of the TAL Block.
- 💰 Increased production will likely boost POL’s revenue.
- 📜 Announcement made in accordance with Listing Regulations.
- Previous testing results from Lumshiwal, Kawagarh, and Lockhart formations were previously shared.
- Positive impact on future earnings
🎯 Investment Thesis
BUY. The Razgir-1 well coming onstream represents a positive development for Pakistan Oilfields Limited. The increased production of gas and condensate should boost the company’s revenue and profitability. The 25% working interest provides a substantial stake in the well’s success. The target price is based on future revenue streams. We are recommending a buy rating, as we anticipate a price appreciation within the next 12 months due to increased production.
Disclaimer: AI-generated analysis. Not financial advice.