Mari Petroleum Company Limited (MARI): 9MFY24 Corporate Briefing Takeaways – By Taurus Research
<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Company Profile: 2nd largest E&P Company with a
concession area of 68,290 sq. km with 17 operated blocks and 17 nonoperated
(including Abu Dhabi Block-5). MARI plays an instrumental role of providing
food security as 90% of the Urea production in the country relies on MARI gas.
MARI also owns 5 rigs for its drilling activities. Shareholders include Fauji
Foundation (40%), Government of Pakistan (20%), OGDC (20%) and General Public
(20%).</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">9MFY24 Performance: Revenue grew 44%YoY to PKR 142Bn.
Moreover, PAT and EPS grew 28%YoY to PKR 52Bn and PKR 387, respectively. MARI
also recorded highest ever 9M production of 29.93MMBOE.</span></li></ul><ul><li...
