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Last checked at 
4 Jul 2008 08:24
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No. CS04-08(KSE/LSE/ISE) JulyΒ 4, 2008
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1. |
The General ManagerΒ KarachiΒ Stock Exchange (Guarantee) Limited,Β StockΒ ExchangeΒ Building Stock Exchange Road Karachi Fax No.Β 021-111-573-329 |
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The Secretary IslamabadΒ Stock Exchange (Guarantee) Limited, 101-E,Β Fazal-ul-Haq Road Islamabad Fax No. 051-2275044 |
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2. |
The Secretary LahoreΒ Stock Exchange (Guarantee) Limited, 19-Khayaban-e-Iqbal Lahore Fax. No. 042-111441441 |
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London Stock Exchange Plc. 10Β PaternosterΒ Square, LondonΒ EC4M 7LS Tel: (44) 020 7334 8907 |
Subject: GASΒ DISCOVERYΒ ATΒ DHODAK DEEP WELL NO. 01Β (EXPLORATORY)
Dear Sir,
By the grace of Almighty Allah, Oil and Gas Development Company Limited (OGDCL) hasΒ discoveredΒ gas in its ExploratoryΒ WellΒ Dhodak Deep 01,Β located inΒ district Dera Ghazi Khan,Β PunjabΒ provinceΒ under the Dhodak D & PL.
2. Dhodak DeepΒ Well No. 01Β wasΒ spuddedΒ onΒ June 30, 2007Β and drilled down toΒ theΒ target depth ofΒ 4150 meters. On the basis of open hole logs & drilling data, the selective interval of 85 M in Chiltan limestone formation was tested through DST to evaluate the reservoir potential. After stimulation job, the well was tested and produced 5.5 Million Cubic Feet of gas per day through half inch choke size. The Well Head Pressure and Water Production wasΒ recorded as 1500 Psi and 60 bbls per day, respectively.
3. The above is being provided to you in compliance with the requirements of ClauseΒ No. (xxiii) of the Code of Corporate Governance.
Thanking you.
Yours faithfully,
(Basharat A. Mirza)
GM / Company Secretary
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