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WellHead Gas Prices

25 May 2012 12:55

RNS Number : 1404E
Oil and Gas Development Company Ltd
25 May 2012
 



 

No. CS04-08(KSE/LSE/ISE)

May 25, 2012

 

1.

The General Manager,

Karachi Stock Exchange (G) Limited, Stock Exchange Building,

Stock Exchange Road,

Karachi.

Fax No: 021-111-573-329, 2437560. 2460923, 2415763

2.

The Secretary,

Lahore Stock Exchange (G) Limited,

19-Khayaban-e-Aiwan-e-Iqbal,

Lahore.

Fax. No. 042-111441441

3.

The Secretary,

Islamabad Stock Exchange (G) Ltd,

55-B, ISE Towers, Jinnah Avenue,

Islamabad.

Fax No. 051-111473329

4.

London Stock Exchange Plc.,

10 Paternoster Square,

London EC4M 7LS.

Tel: (44) 20 7334 8907

 

SUBJECT: DISSEMINATION OF MATERIAL INFORMATION - WELLHEAD GAS PRICES

 

Sir,

 

We are pleased to inform you that Oil and Gas Regulatory Authority (OGRA) has notified the wellhead gas prices for OGDCL operated fields for the periodJanuary 1, 2012 to June 30, 2012 as under:

 

Name of the Field

To be sold to

Price per MMBTU

Loti Field

Sui Northern Gas Pipelines Limited

PKR 124.71

Uch Gas Field

Uch Power Company Limited

US $ 3.9223

Nandpur / Panjpir Field

Fauji Kabirwala Power Company Limited

PKR 335.92

Sadkal Gas Field

Sui Northern Gas Pipelines Limited

When daily production taken on a monthly average is MMBTU/day

Rs / MMBTU

1.

Up to and including 100

800.78

2.

Greater than 100, up to and including 200

709.26

3.

Greater than 200, up to and including 300

617.75

4.

Greater than 300

503.35

Sari Hundi Field

Sui Southern Gas Company Limited

When daily production taken on a monthly average is MMBTU/day

Rs / MMBTU

1.

Up to 30

778.04

2.

Greater than 30, and up to 50

732.28

3.

Greater than 50, and up to 70

686.51

4.

Greater than 70, and up to 90

640.74

5.

Greater than 90, and up to 110

594.97

6.

Greater than 110, and up to 130

549.21

7.

Greater than 130, and up to 150

503.44

8.

Greater than 150 and upwards

457.67

 

2. The above is being informed to you in compliance with the requirements of Clause No. (xx) of the Code of Corporate Governance 2012.

 

Sincerely,

 

 

 

(Eram Ali Aziz)

Company Secretary

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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