Material Information UCH II Well Head Gas Price

RNS Announcement

RNS Number : 8404Y

Oil and Gas Development Company Ltd

06 January 2020

CS04-08 (PSX/LSE/SECP)

January 06, 2020

The General Manager,

Pakistan Stock Exchange Limited,
Stock Exchange Building,

Stock Exchange Road,
Karachi-74000, Pakistan.

Fax No. (92-21) 3241 0825, 3241 5136

London Stock Exchange Plc.,

10 Paternoster Square,

London EC4M 7LS.

Tel: (44) 20 7334 8907

Subject: MATERIAL INFORMATION-- UCH-II WELL HEAD GAS PRICE

Dear Sir,

The wellhead gas prices of Uch II field effective from December 19, 2013 to December 31, 2019 have been notified by Oil and Gas Regulatory Authority (OGRA) vide notification dated December 16, 2019. (Annexure A) The tentative financial impact on OGDCL's revenue amounts to Rs 5.88 billion. (Annexure B)

2. The above information is submitted in compliance with section 96 of the Securities Act, 2015 and Clause 5.6.1(a) of PSX Regulations contained in the rule book of the exchange for dissemination amongst your members please.

Yours Sincerely,

(Ahmed Hayat Lak)

Company Secretary

Copy:

Director/HOD,

Surveillance, Supervision and Enforcement Department

Securities & Exchange Commission of Pakistan,

NIC Building, 63 Jinnah Avenue, Blue Area,

Islamabad

http://www.rns-pdf.londonstockexchange.com/rns/8404Y_1-2020-1-6.pdf

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END

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RNS metadata

Title: Material Information UCH II Well Head Gas Price
Time: 10:13:22
Date: 6 Jan 2020
Category: Miscellaneous
ID: 8404Y