REG - Oil and Gas Devt Co - GAS DISCOVERY AT SAHITO-1 EXPLORATORY WELL

Oil And Gas Development CoAnnouncement

Yesterday 11:45

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260326:nRSZ3013Ya&default-theme=true

RNS Number : 3013Y  Oil and Gas Development Company Ltd  26 March 2026

 

 

 

CS04-08 (PSX/LSE/SECP)

March 26, 2026

 The General Manager,               London Stock Exchange Plc.,

 Pakistan Stock Exchange Limited,   10 Paternoster Square,

Stock Exchange Building,

                                  London EC4M 7LS.
 Stock Exchange Road,

Karachi-74000, Pakistan.

                                    Tel: (44) 20 7334 8907

 

Subject:         GAS DISCOVERY AT SAHITO-1 EXPLORATORY WELL IN KHEWARI
EXPLORATION LICENSE DISTRICT KHAIRPUR, SINDH PROVINCE PAKISTAN

Dear Sir,

 

We are pleased to inform that Oil and Gas Development Company Limited (OGDCL),
as Operator (95%), along with Government Holdings (Private) Limited (GHPL) (5%
carried interest), has discovered gas from Sahito-1 exploratory well in
Khewari Exploration License, located in District Khairpur, Sindh Province.

 

Based on wireline logs interpretation results, the sands of Lower Goru
Formation (Massive sand) were tested through DST and yielded 17.2 million
standard cubic feet of gas per day (MMSCFD) through choke size 32/64" at
wellhead flowing pressure (WHFP) of 3390 pounds per square inch (psi).

 

Sahito-1 was spudded on December 24, 2025, as an exploratory well. The well
was drilled down to a total depth of 3870m TVD in the Sembar Formation as an
exploratory effort by using OGDCL's in-house expertise.

 

The discovery represents a major milestone, and this development is
anticipated to play a vital role in reducing the national energy demand-supply
gap through indigenous resources, while also contributing to the enhancement
of hydrocarbon reserves of OGDCL, Joint venture partner and the country.

 

The above information is submitted in compliance with Section 96 of the
Securities Act, 2015, and Clause 5.6.1(a) of PSX Regulations, for
dissemination among your members.

 

Yours Sincerely,

 

 

 

(Wasim Ahmad)

Company Secretary

Copy: Executive Director/HOD, Supervision Division, SECP, Islamabad.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCAKABQDBKDKNB



            Copyright 2019 Regulatory News Service, all rights reserved