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Wellhead Prices

9 Apr 2014 13:28

RNS Number : 4461E
Oil and Gas Development Company Ltd
09 April 2014
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ο»Ώ

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

April 09, 2014

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

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SUBJECT: DISSIMINATION OF MATERIAL INFORMATION - WELLHEAD GAS PRICES

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Dear Sir,

Β 

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 period January 1, 2014 to June 30, 2014 as under:

Β 

Name of the Field

To be sold to

Price per MMBTU

Loti Field

SNGPL

PKR 146.05

Dhodak Field

SNGPL

PKR 310.59

Ex-Dakhni Oil Field

SNGPL

PKR 155.45

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Β 

Sadkal Gas Field

Β 

SNGPL

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

Rs / MMBTU

1

Upto and including 100

896.92

2

Greater than 100 up to and including 200

794.41

3

Greater than 200 up to and including 300

691.91

4

Greater than 300

563.78

Qadirpur Gas Field

SNGPL

PKR 317.96

Chanda Gas Field

SNGPL

US$ 2.7552

Mela Gas Field

SNGPL

US$ 2.7552

Nashpa Gas Field

SNGPL

US$ 2.7552

Kunnar Deep and Pasaki Deep Gas Field

SSGCL

US$ 2.5652

Noorai Jagir Field

SSGCL

US$ 2.5652

Sari Hundi Field

SSGCL

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

RS/ MMBTU

1

Up to 30

873.87

2

Greater than 30 up to 50

822.47

3

Greater than 50 up to 70

771.07

4

Greater than 70 up to 90

719.66

5

Greater than 90 up to 110

668.26

6

Greater than 110 up to 130

616.85

7

Greater than 130 up to 150

565.45

8

Greater than 150 and upwards

514.04

Bobi Field

SSGCL

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

RS/ MMBTU

1

0 upto and including 30

616.85

2

Greater than 30 upto and including 50

565.45

3

Greater than 50 and all upward

514.04

Nandpur/Panjpir Field

Fauji Kabirwala Power Company Ltd.

PKR 393.41

Uch Gas Field

Uch Power Company Limited

US$ 3.9223

Pirkoh Field

SNGPL

PKR 146.05

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

Β 

Thanking you,

Yours sincerely,

Β 

Β 

Β 

(Ahmed Hayat Lak)

Company Secretary

Β 

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