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Wellhead Prices

9 Apr 2014 13:28

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



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

 

SUBJECT: DISSIMINATION OF MATERIAL INFORMATION - WELLHEAD GAS PRICES

 

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

 

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

 

 

Sadkal Gas Field

 

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

 

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

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCLLFFFSEIAIIS
Date   Source Headline
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20th Nov 20153:42 pmRNSPrice Monitoring Extension
9th Nov 201510:32 amRNSExecution of OGDCL Supplemental Agreements
16th Oct 201512:30 pmRNS1st Quarter Results
8th Oct 201511:50 amRNSBoard Meeting and Close Period
30th Sep 20151:12 pmRNSNotice U/S 253(2) of the CO 1984
15th Sep 20159:14 amRNSDiscovery Notice
15th Sep 20158:43 amRNSAGM Statement
26th Aug 201511:01 amRNSFinal Results
18th Aug 201511:26 amRNSBoard Meeting and Close Period
30th Jul 20157:00 amRNSHydrocarbon Discovery Notice
23rd Apr 201510:05 amRNS3rd Quarter Results
15th Apr 201512:16 pmRNSAssignment of Acting Charge of MD/CEO
15th Apr 201512:10 pmRNSChange of Board of Director
15th Apr 201512:04 pmRNSBoard Meeting & Close Period
14th Apr 20154:15 pmRNSResignation of MD/CEO & Directorship
7th Apr 20158:45 amRNSAppointment of Chief Financial Officer
25th Mar 201511:24 amRNSDiscovery of Oil at Palli Deep-1 Well
4th Feb 201510:25 amRNSHalf Yearly Results Announcement
28th Jan 20152:04 pmRNSBoard Meeting & Close Period
4th Dec 201412:07 pmRNSDiscovery
6th Nov 20141:26 pmRNSDiscovery Notice
6th Nov 20147:21 amRNSOffer Update
3rd Nov 20147:00 amRNSOffer Update
29th Oct 20149:09 amRNS1st Quarter Results
24th Oct 20143:40 pmRNSPrice Monitoring Extension
21st Oct 201411:44 amRNSBoard Meeting/ Close Period
16th Oct 20147:00 amRNSBoard Meeting / Close Period
15th Oct 20141:19 pmRNSElection of Directors
2nd Oct 201412:33 pmRNSGDS Offering - International Roadshows Commence
23rd Sep 20147:06 amRNSIntention to Float - Secondary Offering
16th Sep 20147:20 amRNSAnnual General Meeting
11th Sep 20145:23 pmRNSDiscovery
8th Aug 20147:57 amRNSDiscovery
8th Aug 20147:40 amRNSChange of Director
5th Aug 201412:52 pmRNSOGDCL Full Year FY2014 Results
28th Jul 20149:06 amRNSNotice of Board Meeting & Close Period
24th Jul 20147:18 amRNSChief Financial Officer
17th Jun 20147:00 amRNSChange of Managing Director
21st May 201412:46 pmRNSAppointment of Directors
21st May 201411:45 amRNSAppointment of Chairman
28th Apr 20148:19 amRNS3rd Quarter Results
22nd Apr 20147:01 amRNSClose Period/ Board Meeting
9th Apr 20141:28 pmRNSWellhead Prices
27th Feb 20147:00 amRNSResignation of Chairman
25th Feb 20147:00 amRNSDividend Declaration- Half Yearly Accounts
18th Feb 20147:54 amRNSClose Period - Board Meeting
24th Dec 201312:40 pmRNSPrice Monitoring Extension
28th Nov 20138:08 amRNSDiscovery Notice
25th Oct 20139:28 amRNS1st Quarter Results

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