Page 150 - Pakistan Oilfields Limited - Annual Report 2020

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NOTES TO AND FORMING
PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2020
148
PAKISTANOILFIELDS LIMITED
2020
2019
Rupees ('000)
15.
EXPLORATION AND EVALUATION ASSETS
Balance brought forward
52,761
2,590,790
Additions during the year
2,720,753
760,589
2,773,514
3,351,379
Wells cost transferred to development cost - note 14
-
(1,679,562)
Dry and abandoned wells and irrecoverable cost charged to
the statement of profit or loss - note 28
-
(1,619,056)
2,773,514
52,761
15.1 Break up of exploration and evaluation assets at June 30 is as follows:
2020
2019
Rupees ('000)
Own fields
- Balkassar
1,388,951
-
Share in joint operations
operated by the Company
- DG Khan
379,587
4,247
Share in joint operations
operated by others
MOL Pakistan Oil and Gas
Company B.V.
- TAL Petroleum Concession
(Block 3370-3)
1,004,976
48,514
2,773,514
52,761
2020
2019
Percentage Amount
Percentage Amount
holding
Rs ('000)
holding
Rs ('000)
16.
LONGTERM INVESTMENTS IN SUBSIDIARY
AND ASSOCIATED COMPANIES - AT COST
Subsidiary company
Unquoted
Capgas (Private) Limited
344,250 (2019: 344,250) fully paid
ordinary shares including 191,250
(2019: 191,250) bonus shares of Rs 10 each 51
1,530
51
1,530