MARI, UEPL secure 44%, 46% working interest in Kalchas South Block

News Image

MG News | July 20, 2023 at 01:17 PM GMT+05:00

Join our Whatsapp channel
Add Mettisglobal as a Trusted Source on Google Google
0:00

July 20, 2023 (MLN): The management of Mari Petroleum Company Limited (PSX: MARI) has announced that the government has approved the assignment of 44% working interest in Kalchas South Block (2869-14) to MPCL along with the assignment of 46% working interest to United Energy Pakistan Ltd (UEPL), the company’s filing on the PSX revealed today.

To note, Kalchas South Block (2869-14) is located in districts Rajanpur (Punjab) and Dera Bugti (Balochistan).

The notice further states that the operator’s hip has been transferred to UEPL.

“The previous operator, Dewan Petroleum Private Limited (DPL) will retain a 10% Working Interest in the Block,” it reads.

The company is principally engaged in the exploration, production, and sale of hydrocarbons.

MARI has conveyed the aforementioned information in accordance with Section 96 of the Securities Act, 2015, and Clause 5.6.1 (a) of the PSX Regulations.

At the time of writing, the share of the company is being traded at Rs1,542, up by 11.19 or 0.73% on the day.

Copyright Mettis Link News

Related News

News
PSX Closing Bell: Red Ink Dominates the Day
News
Sazgar produces 1,631 three-wheelers, 1,609 four-wheelers in May 2026
News
GHNI target price raised to Rs1,393 on strong CV demand
Name Price/Vol %Chg/NChg
KSE100 168,953.71
137.85M 		-0.89%
-1525.24
ALLSHR 101,913.00
653.00M 		-0.95%
-972.54
KSE30 50,350.49
53.41M 		-1.04%
-527.12
KMI30 241,458.68
47.12M 		-1.01%
-2459.18
KMIALLSHR 66,152.24
285.01M 		-0.89%
-591.11
BKTi 45,807.84
15.71M 		-1.10%
-509.63
OGTi 34,908.25
5.34M 		-0.88%
-310.37
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 62,905.00 63,845.00
62,515.00 		-570.00
-0.90%
BRENT CRUDE 93.76 94.42
93.67 		-0.49
-0.52%
RICHARDS BAY COAL MONTHLY 125.00 125.25
125.00 		2.60
2.12%
ROTTERDAM COAL MONTHLY 136.75 138.05
136.75 		2.75
2.05%
USD RBD PALM OLEIN 1,157.50 1,157.50
1,157.50 		0.00
0.00%
CRUDE OIL - WTI 90.86 91.55
90.71 		-0.44
-0.48%
SUGAR #11 WORLD 14.16 14.36
14.11 		0.02
0.14%
Chart of the Day
Latest News
June 08, 2026 at 07:02 PM GMT+05:00

Pakistan, Mauritius move to boost trade, investment

June 08, 2026 at 06:45 PM GMT+05:00

EVs take centre stage as Pakistan reviews auto policy

June 08, 2026 at 06:32 PM GMT+05:00

South Korea stocks plunge 8%

June 08, 2026 at 06:30 PM GMT+05:00

World Bank to inject $100m into Punjab's housing scheme

June 08, 2026 at 06:03 PM GMT+05:00

China, Pakistan partner on high-yield tomato varieties

Top 5 things to watch in this week
FY27 Budget
FY26 Economic Survey
Workers' Remittances
Auto Numbers
Central Government Debt
Previous
Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg