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9 May 2013 12:33
No. CS04-08(KSE/LSE/ISE)
May 8, 2013
1. | The General Manager, Karachi Stock Exchange (G) Limited, Stock Exchange Building, Stock Exchange Road, Karachi Fax No: 021-111-573-329, 2437560 | 2. | The Secretary, Lahore Stock Exchange (G) Limited, 19-Khayaban-e-Aiwan-e-Iqbal, Lahore Fax No. 042-36368485 |
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: DISSIMINATION OF MATERIAL INFORMATION - WELLHEAD GAS PRICES
Dear Sir,
We are pleased to inform that Oil and Gas Regulatory Authority (OGRA) has vide Notification dated May 06, 2013 and in supercession of its earlier Notification dated December 21, 2012, has fixed, on provisional basis, the wellhead price in respect of Qadirpur gas, sold by Oil and Gas Development Company Limited to Sui Northern Gas Pipelines Limited. Pricing details are as under:
Period | Rs. Per MMBTU |
1st July, 2012 to 10th December, 2012 | 255.89 |
11th December, 2012 to 31st December, 2012 | 285.66 |
1st January 2013 to 30th June, 2013 | 293.57 |
2. The above is being provided to you in compliance with the requirements of Clause No. (xx) of the Code of Corporate Governance, 2012.
Thanking you,
Yours sincerely,
(Ahmed Hayat Lak)
Company Secretary
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