PEL has made an Oil & Gas discovery in Badin-IV North Exploration Licence at Wasu-1 well in Sindh Province. The well was spudded on March 23, 2024 and drilled to the depth of 2420 meters. Testing was carried out in Middle Sands of Lower Goru Formation which flowed at the rate of 500 BOPD Oil, 7.74 MMCFD Gas and 104 BPD water with wellhead flowing pressure of 1668 PSI at 32/64” choke size.