MARI clarifies 222 MMSCFD gas deal still pending

September 24, 2025 (MLN): Pakistan's leading energy company, Mari Energies Limited (PSX: MARI), is awaiting official government approval on a significant gas allocation that could impact future revenue streams.

The company has issued an official clarification regarding recent media reports about a 222 million standard cubic feet per day (MMSCFD) indigenous gas allocation, stating that no formal government decision has been finalized as of September 24, 2025.

The energy sector heavyweight confirmed that while committee discussions have taken place, no binding allocation decision has been made by Pakistan's government.

This clarification came following widespread media coverage on September 22, 2025, regarding the potential gas allocation.

A high-level committee meeting, chaired by the Deputy Prime Minister and Foreign Minister, convened on September 16, 2025, to discuss the matter.

The committee's recommendations are expected to be forwarded to the Petroleum Division for comprehensive review and potential government approval.

Market Implications for MARI Investors

Potential Upside Scenarios:

• Revenue Growth Opportunity: If approved, 222 MMSCFD represents substantial additional gas production capacity
• Enhanced Market Position: Could strengthen Mari Energies' competitive positioning in Pakistan's energy sector
• Long-term Value Creation: Indigenous gas allocation typically provides stable, long-term revenue streams

Investors should monitor MARI for potential volatility as the market processes this clarification. The stock may experience continued speculation-driven movements until official government decisions are announced.

Technical Note: This clarification was formally submitted to Pakistan Stock Exchange Limited and Securities and Exchange Commission of Pakistan, ensuring full regulatory compliance and investor transparency.

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