MOL announcement on successful testing of oil/gas well in Pakistan

MOL Hungarian Oil and Gas Company hereby announces successful completion of the testing of the Manzalai-2 well as a part of TAL Exploration Block, located in the Northern Western Frontier Province of Pakistan. Hydrocarbon exploration has been carried out in this block since 1999 by a consortium of companies including Oil and Gas Development Co. Ltd (OGDCL), Pakistan Petroleum Limited (PPL), Pakistan Oilfields Ltd (POL) and Government Holdings (Pvt.) Ltd (GHPL) with MOL as an Operator of this Joint Venture. MOL has a 10% interest in the consortium.

Manzalai-2 Drill Stem Tests have been concluded for four zones and the well has produced test volumes of gas and condensate with different flowing capacities from each zone. Samana Suk was tested at around 22 MMscf/day gas and 428 bbl/day condensate, Lumshiwal 24 MMscf/day gas and 489 bbl/day condensate. Hangu 25 MMscf/day gas and 450 bbl/day condensate and Lockhart at 16.6 MMscf/day gas and 274 bbl/day condensate through 32/64” choke. The daily standard production volume of gas and condensate from this well will be confirmed after reviewing the requirements and technical specifications in the future.