PAKISTAN OILFIELDS LIMITED

POL/FIN-CORP/PSX/22-23/027

November 4, 2022

The General Manager

Pakistan Stock Exchange Limited

Stock Exchange Building,

Stock Exchange Road, Karachi.

Re: Material Information

Dear Sir,

This has reference to our letters dated August 16, 2022 and August 25, 2022 whereby testing results ofTolanj West-2 well were shared.

In the above referred letters, it was mentioned that production from this well is expected to start from December, 2022, however, with the best efforts of our technical teams, Wellhead Surface Facilities and tie-in activities have been completed successfully and hydrocarbon production from the well have commenced significantly ahead of the original plan.

Tolanj West -2 well is currently producing 13.97 MMscfd of gas per day with 0.39 barrels per day of condensate and 2.10 barrels of water per day at the choke size of 51/64" at the flowing wellhead pressure of 1,103 psi.

The pre-commerciality working interest of Pakistan Oilfields Limited is (25%).

Yours faithfully,

For Pakistan Oilfields Limited

l

Cc:

Director I HOD

Surveillance, Supervision and Enforcement Department

Securities & Exchange Commission of Pakistan,

NIC Building, 63-Jinnah Avenue,

Blue Area, Islamabad.

P.O.L. HOUSE, MORGAH, RAWALPINDI 46600 PAKISTAN

Telephone Nos: +92-5l-5487589-97(9Lines) Telefax Nos. +92-51-5487598-99(2Lines)

Web site: www.pakoil.com.pk E-mail: polcms@pakoil.com.pk

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POL - Pakistan Oilfields Limited published this content on 04 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 November 2022 04:45:08 UTC.