External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>Mari Energies (MARI) held its corporate briefing session today to discuss FY25 performance and future outlook.</li><li>The company achieved its highest ever production level of 39.13 MMBOE in FY25. Management highlighted that the gas curtailment and additional 15% royalty charge resulted in lower earnings during the year.</li><li>Management confirmed that the board meeting with ADNOC was held, where the production plan has been approved and the project will now move to the development phase. Management further shared that they are targeting production of around 25,000 bpd from the 3 discoveries in the Abu Dhabi block.</li></ul>

Mari Energies (MARI) held its corporate briefing session today to discuss FY25 performance and future outlook.The company achieved its highest ever production level of 39.13 MMBOE in FY25. Management highlighted that the gas curtailment and additional 15% royalty charge resulted in lower earnings during the year.Management confirmed that the board meeting with ADNOC was held, where the production plan has been approved and the project will now move to the development phase. Management further shared that they are targeting production of around 25,000 bpd from the 3 discoveries in the Abu Dhabi block.

Topline Flash Note: Mari Energies Limited (MARI) – Corporate Briefing Key Takeaways

Mari Petroleum

Topline Flash Note: Mari Energies Limited (MARI) – Corporate Briefing Key Takeaways