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Assumptions
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Tested rate: 1.58 MMSCFD
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Sustainable rate (downtime adjusted): 1.3 MMSCFD
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POL share (25%): 0.325 MMSCFD
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Annual gas volume: ~119 MMSCF
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Gas price: PKR 3,000/MMBtu
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Royalty (~12.5%): Net PKR 2,625/MMBtu
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Corporate tax: ~29%
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Operating costs: Low
Result
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Annual revenue (POL share): ~PKR 312 million
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Estimated net profit: ~PKR 220 million
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Shares outstanding: ~215 million
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EPS uplift: ~PKR 1 per share
This is not upside optionality.
This is base-case accretion.
Gas wells do not need to impress Twitter.
They need to pay dividends.
Technical Reality Check: Pressure, Flow & the Acid Job
Critics are correct on one technical point:
Initial pressures and flow rates are currently low for unquestioned commerciality.
That is precisely why:
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Acid stimulation is underway
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Lockhart formation DST remains pending
POL’s disclosure explicitly warns that actual production may differ significantly from test results—a regulatory obligation often ignored in social media takes.
This is still a live technical story.
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