KARACHI: Mari Energies Limited has announced a major expansion of its upstream portfolio through the acquisition of a 65% working interest and operatorship of the Peshawar Block in Khyber Pakhtunkhwa from Hycarbex-American Energy Inc. The transaction was formalised under a farmout agreement between the two companies, as disclosed in a material information notice filed with the Pakistan Stock Exchange (PSX) on Tuesday. The deal remains subject to regulatory approvals, execution of deeds of assignment with the Government of Pakistan, and completion of other formalities. Mari Energies said the acquisition reflects…
Read MoreMari Energies Acquires 65% Stake, Operatorship of Peshawar Block from Hycarbex
