REG - Oil and Gas Devt Co - Material Information

Oil And Gas Development CoAnnouncement

27/06/2025 11:00

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RNS Number : 7733O  Oil and Gas Development Company Ltd  27 June 2025

   OIL & GAS DEVELOPMENT COMPANY LIMITED

   (BOARD SECRETARIAT)

CS04-08 (PSX/LSE/SECP)

June 27, 2025

 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:        Material Information

 

Dear Sir,

 

We are pleased to announce that hydrocarbon production has been successfully
tested from the Makori Deep-3 Development Well, situated within the TAL Joint
Venture (JV) operated by MOL. Oil and Gas Development Company Limited (OGDCL)
holds a 27.763% working interest in the development phase of this Block.

 

Drilling operations for the Makori Deep-3 well began on December 12, 2024,
reaching a final depth of 3,887 meters.

 

Upon completion, the well yielded 22.08 million standard cubic feet of gas per
day (MMSCFD), 2,112 barrels per day of condensate, and 15 barrels per day of
formation water, tested on a 32/64" fixed choke, at a flowing wellhead
pressure of 4,744 psi, from the Lockhart Formation.

 

The foregoing information is submitted in compliance of Section 96 of the
Securities Act, 2015 and Clause 5.6.1 of the Pakistan Stock Exchange Limited
Regulations, for dissemination amongst your members.

 

 

Yours Sincerely,

 
 

 

 

 

(Wasim Ahmad)

  Company Secretary

 

 

Copy:

 

Executive Director/HOD, Offsite-II Department, Supervision Division,

Securities & Exchange Commission of Pakistan,63, NIC Building,

Jinnah Avenue, Blue Area,

Islamabad.

 

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