Equity Analysis /
Pakistan

Oil & Gas Development: Wali discovery – Promising to be a material addition

  • OGDC’s discovery Wali is promising healthy reserves and production levels

  • Recent production flows are 3x that at the time of discovery. Production trajectory will depend on development plan

  • This could prove a more durable catalyst for price discovery for the deeply undervalued stock

Saad Ali
Saad Ali

Head of Research

Intermarket Securities
11 January 2022