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MARI has announced discovery in exploratory well named Dharian-1, Ghauri Block located in district Rawalpindi, Punjab.
The block is operated by MARI with 65% stake along with 35% stake of PPL.
The discovery size is expected to be 372 bbl/day
This discovery will have an annualized earnings impact of PKR 3.26/share and PKR 0.10/share on MARI and PPL respectively.