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Latest news about Oil Gas possible discovery

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The ARY News quoting the sources reported that the offshore drilling of Kekra-I project has made key progress and the work has entered in its final phase.

The drilling work has reached to 5000 meters depth and nearing end to its target of 5800 meters, sources said.
 
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It’s not ‘good news’ in terms of the discovery of gas/oil reserves - they finished drilling till 5000 meters. The final report on whether any recoverable has/oil reserves exist hasn’t been released.

No reason to celebrate yet.

I think, as much as my knowledge, they have the report ready, the announcement to the Pakistanis would be made by the PM Imran Khan. Exxon are not going to make the announcement.
 
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Wait for ExxonMobil statement. We still don't know the reserves estimates yet.
 
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