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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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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
Date   Source Headline
30th Nov 20177:19 amRNSMinutes of 20th Annual General Meeting
24th Nov 201710:05 amRNSRESIGNATION OF DIRECTOR
27th Oct 201712:32 pmRNSNotice Under Section 242 of The Companies Act 2017
26th Oct 20177:00 amRNSPersons Elected as Directors
25th Oct 20172:10 pmRNS1st Quarter Results
18th Oct 201711:44 amRNSMaterial Information- Well Head Gas Prices
18th Oct 201710:45 amRNSBOARD MEETING AND CLOSE PERIOD
12th Oct 20178:31 amRNSNOTICE OF ELECTION OF DIRECTORS
26th Sep 20178:58 amRNSNOTICE OF ANNUAL GENERAL MEETING OGDCL
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15th Sep 201711:09 amRNSFINANCIAL RESULTS FOR YEAR ENDED JUNE 30 2017
21st Aug 201710:51 amRNSChange of Board Meeting and Close Period
16th Aug 20179:53 amRNSBoard Meeting and Close Period
4th Aug 20178:50 amRNSDiscovery of Gas at Well Bhambhara Well 01
21st Jul 20178:45 amRNSMATURITY OF PAKISTAN INVESTMENT BONDS
12th Jun 20177:00 amRNSDiscovery of Gas and Condensate at chabaro 01
24th May 20178:51 amRNSChange of Director
26th Apr 20177:50 amRNSChange of Director- Corrigendum
21st Apr 201712:13 pmRNSChange of Director
21st Apr 201712:11 pmRNSOGDCL 3rd Quarterly Results March 31 2017
13th Apr 201711:24 amRNSBOARD MEETING AND CLOSE PERIOD
13th Mar 20178:49 amRNSDISCOVERY OF GAS CONDENSATE AT CHHUTTO WELL # 01
20th Feb 20173:45 pmRNSSecond Price Monitoring Extn
20th Feb 20173:40 pmRNSPrice Monitoring Extension
17th Feb 201710:09 amRNSHalf-year Report
8th Feb 201710:29 amRNSBOARD MEETING AND CLOSE PERIOD
2nd Dec 20167:40 amRNSAGM Statement
23rd Nov 201610:05 amRNSMAJOR MILESTONE IN CRUDE OIL PRODUCTION
3rd Nov 20169:37 amRNSDiscovery of Gas at Khamiso # 01
3rd Nov 20169:34 amRNSDiscovery of Gas Condensate at Gundanwari Well 01
3rd Nov 20169:27 amRNSDiscovery of Gas at Well Mithri # 01
27th Oct 201610:13 amRNS1st Quarter Results
18th Oct 20167:57 amRNSBoard Meeting and Close Period
17th Oct 20168:47 amRNSDraft Minutes of 10th EOGM Held on August 23 2016
7th Sep 201611:16 amRNSNotice of AGM
24th Aug 201612:10 pmRNSDrilling/Production Report
24th Aug 201612:09 pmRNSFinal Results
16th Aug 201610:38 amRNSBoard Meeting and Close Period
18th Jul 201611:47 amRNSNotice of Extraordinary General Meeting
13th Jul 20168:45 amRNSDiscovery of Oil and Gas in Tal Block
30th Jun 20169:18 amRNSDiscovery of Gas/Condensate at Bitrism West # 01-A
28th Jun 20167:55 amRNSGas Discovery at Thal West # 01 Well
26th Apr 201611:50 amRNS3rd Quarter Results
11th Apr 20168:08 amRNSBoard Meeting and Close Period
16th Feb 201610:58 amRNSHalf Yearly Report & Dividend Announcement
4th Feb 201610:19 amRNSDiscovery of Crude Oil & Gas at Nashpa Well X-5
2nd Feb 20169:29 amRNSBoard Meeting and Close Period
14th Jan 201611:07 amRNSDiscovery of Gas at Thal
17th Dec 201511:36 amRNSParticipation in Bidding
2nd Dec 201510:34 amRNSWell Head Gas Price

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