New Horizon Exploration and Production Limited is focused on identification and development for production of oil and natural gas assets in most prospective areas, Kunri Block located to the east of Badin area and Jherruck Block to the west of Badin area.

1. The Kunri Block Exploration License ("EL") is covering an area of 2486 Sq. Km located in districts Badin, Umerkot and Mirpur Khas, in the province of Sindh of Pakistan. The area was granted on 05 June, 2007 (Figure-1).

2. The Jherruck Block Exploration License ("EL") is covering an area of 733.79 Sq. Km located in districts Hyderabad, Thatta and Tando Muhammad Khan in the province of Sindh of Pakistan. The area was granted on 31 January, 2008 (Figure-1).

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Pakistan Map showing locations of Kunri and Jherruck Blocks

In the Badin area Union Texas Pakistan (now BP) commenced exploration in 1977 and as of 30 June, 2009 74 oil and gas fields have been discovered with a total of recoverable reserves of 522 MMBOE (Million Barrel Oil Equivalent).

The drilling program is planned to be commenced from September, 2010. It is expected that all the five (5) prospects will be drilled by end March, 2011.

Drilling plan for Kunri and Jherruck Blocks

There is existing production in the immediate vicinity of both blocks. Production from discoveries of the Kunri and Jherruck Blocks can be marketed within 6 and 9 months respectively. This makes it economically very attractive.

 

NHEPL has 60 % equity and operatorship in the Kunri and Jherruck Blocks. Kuwait Energy Company (KEC) has 40% in both the blocks. NHEPL is interested in farming out half of its interest or 30% equity in the Kunri and Jherruck Blocks.