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RNS Number : 0257Z  Oil and Gas Development Company Ltd  01 April 2026

 

 

 

 

CS04-08 (PSX/LSE/SECP)

April 01, 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:       Commencement of Production from Spinwam-1 Discovery in
Waziristan Block - KP Province

Dear Sir,

 

We are pleased to announce that gas and condensate production has commenced
from Spinwam-1 discovery located in Waziristan Block in KP Province under the
Extended Well Testing (EWT) phase. The well has been completed in Lockhart
reservoir. The current gas production rate from the well is ~40 MMscfd, and ~
200 BBL/D of condensate.

 

With the induction of this gas, the early production facilities established at
Shewa will be operated at full capacity with total production from both Shewa
and Spinwam wells will be around 100 MMscfd gas and ~800 BBL/D of condensate.

 

The Joint Venture comprises Oil & Gas Development Company Limited (35%
working interest), Mari Energies Limited (the Operator of Waziristan Block)
(55%), and Orient Petroleum Inc. (10%) working interest, respectively.

 

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

 

 

Yours Sincerely,

 

 

 

 

(Wasim Ahmad)

Company Secretary

Copy:

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

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