AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, May 28, 2012 (PPI-OT): 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 period January 1, 2012 to June 30, 2012 as under:
| Name of the Field To be sold to | Price per MMBTU |
| Qadirpur Gas Field SNGPL | PKR 243.21 |
| Pirkoh Gas Field SNGPL | PKR 124.71 |
| Production Volume (MMBTU/day) | Rs/ MMBTU |
| 1. 0 Up to and including 30 | 549.21 |
| Bobi Gas Field SSGCL | |
| 2. Greater than 30, up to and | 503.44 |
| including 50 | |
| 3. Greater than 50, and all upward | 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.
For more information, Contact:
Eram Ali Aziz
Company Secretary
Oil & Gas Development Company Limited
OGDC House, Jinnah Avenue,
Blue Area, Islamabad, Pakistan
Ph: (92-51) 2623072, 920023553, 920023508
Fax: (92-51) 9209762
Web: www.ogdcl.com