6th Dec 2012 10:06
No. CS04-08(KSE/LSE/ISE)
December 6, 2012
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. 042-111-441-441 |
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: GAS DISCOVERY AT SULEMAN-01 (EXPLORATORY)-KHEWARI E.L., DISTRICT KHAIRPUR-SINDH
Dear Sir,
By the grace of Almighty Allah, Joint Venture of Khewari Block comprising of Oil and Gas Development Company Limited (OGDCL), Operator having working interest (95%) and Government Holdings (Pvt) Limited (5% carried) has discovered Gas from the Exploratory Well Suleman-01, located in District Khairpur, Sindh Province.
2. The structure of Suleman-01 was delineated drilled down to the depthof 4,575 M targeting to test the potential of Lower Goru formation of cretaceous age. The Well flowed @ 20 MMSCFD of gas through 32 / 64" choke and wellhead flowing pressure of 3,340 Psi.
3. The above is being provided to you in compliance with the requirements of Clause No. (xx) of the Code of Corporate Governance.
Thanking you,
Yours sincerely,
(Ahmed Hayat Lak)
Company Secretary
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