25th May 2012 12:55
No. CS04-08(KSE/LSE/ISE)
May 25, 2012
1. | The General Manager, Karachi Stock Exchange (G) Limited, Stock Exchange Building, Stock Exchange Road, Karachi. Fax No: 021-111-573-329, 2437560. 2460923, 2415763 | 2. | The Secretary, Lahore Stock Exchange (G) Limited, 19-Khayaban-e-Aiwan-e-Iqbal, Lahore. Fax. No. 042-111441441 |
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: DISSEMINATION OF MATERIAL INFORMATION - WELLHEAD GAS PRICES
Sir,
We are pleased to inform you that Oil and Gas Regulatory Authority (OGRA) has notified the wellhead gas prices for OGDCL operated fields for the periodJanuary 1, 2012 to June 30, 2012 as under:
Name of the Field | To be sold to | Price per MMBTU | ||
Loti Field | Sui Northern Gas Pipelines Limited | PKR 124.71 | ||
Uch Gas Field | Uch Power Company Limited | US $ 3.9223 | ||
Nandpur / Panjpir Field | Fauji Kabirwala Power Company Limited | PKR 335.92 | ||
Sadkal Gas Field | Sui Northern Gas Pipelines Limited | When daily production taken on a monthly average is MMBTU/day | Rs / MMBTU | |
1. | Up to and including 100 | 800.78 | ||
2. | Greater than 100, up to and including 200 | 709.26 | ||
3. | Greater than 200, up to and including 300 | 617.75 | ||
4. | Greater than 300 | 503.35 | ||
Sari Hundi Field | Sui Southern Gas Company Limited | When daily production taken on a monthly average is MMBTU/day | Rs / MMBTU | |
1. | Up to 30 | 778.04 | ||
2. | Greater than 30, and up to 50 | 732.28 | ||
3. | Greater than 50, and up to 70 | 686.51 | ||
4. | Greater than 70, and up to 90 | 640.74 | ||
5. | Greater than 90, and up to 110 | 594.97 | ||
6. | Greater than 110, and up to 130 | 549.21 | ||
7. | Greater than 130, and up to 150 | 503.44 | ||
8. | Greater than 150 and upwards | 457.67 | ||
2. The above is being informed to you in compliance with the requirements of Clause No. (xx) of the Code of Corporate Governance 2012.
Sincerely,
(Eram Ali Aziz)
Company Secretary
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Oil&gas Regs