TANDO ALLAH YAR: Oil and Gas Development Company Ltd (OGDC) has announced a significant oil and gas discovery at the Dars West-3 developmental well located in Tando Allah Yar, Sindh. The well, which was spudded on December 31, 2025, has demonstrated a combined production capacity of 9.70 million cubic feet per day (mmcfd) of gas and 580 barrels per day (bpd) of oil.
According to AKD Securities Limited, OGDC operates the field with a 77.5% working interest. The company's ongoing operations at the Dars West 1 and 2 wells are currently producing 17.4 mmcfd of gas and 690 bpd of oil, based on data from the Pakistan Petroleum Information Service (PPIS) as of December 2025. The new development is expected to have an annualized earnings per share (EPS) impact of approximately 0.56 Pakistani Rupees per share for OGDC.
AKD Securities further reports a 'BUY' recommendation on OGDC, with a target price of 522 Pakistani Rupees per share by December 2026. This optimistic outlook is attributed to several factors, including an expanding production profile, enhanced exploration prospects supported by improved liquidity, a stake in the Reko Diq Mining Project, offshore interests in Abu Dhabi's Offshore Block-5, and better cash payouts.
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