OIL AND GAS MARKETING COMPANY PORTFOLIO

OIL AND GAS MARKETING COMPANY PORTFOLIO


OGDC

Positives for OGDC:

1) News flow on development projects and exploration Programs
2) Possible reserve appraisal of recent finds
3) Potential reserve addition in Tal block

Risk For OGDC

1) Decline in international oil prices;
2) Delays in implementation of development plans;

Pak Oilfields Ltd ( POL)

Positives for POL
1) News flow on Mamikhel find
2) Reserve appraisal of recent finds and earnings Announcement
3) Potential reserve addition in Tal block

Risks for POL

1) Decline in international oil prices
2) Higher costs of future diversification strategy



Pakistan Petroleum Ltd ( PPL) .

Positives for PPL

1) Strong earnings growth outlook
2) Strong appraisal upside in recent finds
3) Potential production upside from Tal and Mela blocks

Risks for PPL

1) Delays in implementation of development plans
2) Decline in international oil prices