MARI makes fourth gas, condensate discovery at Spinwam-1 well

MG News | April 08, 2025 at 11:37 AM GMT+05:00

0:00

April 08, 2025 (MLN): Mari Energies Limited (PSX: MARI) has made its fourth gas and condensate discovery at the Spinwam-1 exploratory well, located in the Lockhart Formation within the Waziristan Block in Khyber Pakhtunkhwa (KP) Province.

The well's testing in the Lockhart Formation has provided the following key flowing parameters:

Choke Size	Gas MMSCFD	Condensate bbl/day	Well Head Flowing Pressure (WHFP) psig
64/64"	70.3	310	4,993
32/64"	29.3	166	3,264

This discovery follows previous announcements made on February 25, 2025, March 17, 2025, and April 3,2025, which communicated hydrocarbon discoveries in the Samanasuk, Kawagarh, and Hangu formations, respectively, in the same well.

The testing program for all target formations in the well has now been concluded, the company's filing on PSX revealed today.

MariEnergies operates the Waziristan Block with a 55% working interest, alongside joint venture partners Oil and Gas Development Company Limited (OGDCL) with 35% and Orient Petroleum Inc. with 10%.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	134,299.77 290.06M	0.39% 517.42
ALLSHR	84,018.16 764.12M	0.48% 402.35
KSE30	40,814.29 132.59M	0.33% 132.52
KMI30	192,589.16 116.24M	0.49% 948.28
KMIALLSHR	56,072.25 387.69M	0.32% 180.74
BKTi	36,971.75 19.46M	-0.05% -16.94
OGTi	28,240.28 6.19M	0.21% 58.78

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,140.00	119,450.00 115,635.00	4270.00 3.75%
BRENT CRUDE	70.63	70.71 68.55	1.99 2.90%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	1.10 1.14%
ROTTERDAM COAL MONTHLY	108.75	108.75 108.75	0.40 0.37%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.75	68.77 66.50	2.18 3.27%
SUGAR #11 WORLD	16.56	16.60 16.20	0.30 1.85%