Well Head Gas Prices

8 Aug 2007 07:02

Oil and Gas Development Company Ltd08 August 2007 No. CS04-08 (KSE / LSE / ISE) August 8, 2007 1. The General Manager 2. The Secretary Karachi Stock Exchange (Guarantee) Lahore Stock Exchange (Guarantee) Limited, Stock Exchange Building Limited, 19-Khayaban-e-Iqbal Stock Exchange Road Lahore Karachi Fax. No. 042-111441441 Fax No: 021-2415763; 2437560 3. The Secretary 4. London Stock Exchange Islamabad Stock Exchange (Guarantee) Through R. N. S. Limited, 101-E, Fazal-ul-Haq Road Islamabad Fax No. 051-2275044 SUBJECT: DISSEMINATION OF MATERIAL INFORMATION - WELL HEAD GAS PRICE Dear Sir, We are pleased to inform you that Oil and Gas Regulatory Authority (OGRA)has revised the well head gas prices of Dhodak, Dakhni, Sadkal, Qadirpur, Daru,Hundi Sari, Nandpur/Panjpir, Chanda, Uch, Mela, Pirkoh and Loti fields of OGDCLeffective July 01, 2007 respectively as under: PRICE PER MMBTU (RS) NAME OF THE FIELD Revised Price Previous PriceDhodak field 177.67 179.30Dakhni field 88.92 89.73Sadkal field 262.89 251.37Qadirpur field 161.02 162.49Daru field 78.18 78.89Hundi Sari field 248.38 250.20Nandpur & Panjpir fields 225.05 227.10Pirkoh & Loti fields 83.55 84.31 $ PER MMBTU NAME OF THE FIELD Revised Price Previous PriceChanda field 2.7087 2.7069Uch field 3.9223 3.9223Mela fild 2.6387 - 2. The above is being informed to you in compliance with therequirements of Clause No. (xxiii) of the Code of Corporate Governance. Yours faithfully, (Basharat A. Mirza) General Manager / Company Secretary This information is provided by RNS The company news service from the London Stock Exchange