OIL & GAS DEVELOPMENT COMPANY LIMITED
(BOARD SECRETARIAT)
CS04-08 (PSX/LSE/SECP)
December 13, 2024
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: GAS/CONDENSATE DISCOVERY IN SAMANASUK FORMATION AT BETTANI-
02 (SLANT) WELL IN WALI BLOCK, KHYBER PAKHTUNKHWA PROVINCE
Dear Sir,
We are pleased to announce that Oil and Gas Development Company Limited (OGDCL), the
operator of Wali Exploration License with a 100% working interest, has made a gas and condensate
discovery in Samanasuk formation, an exploratory zone, at the Bettani-02 (Slant) well located in District
Laki Marwat, Khyber Pakhtunkhwa Province.
2. Bettani-02 (Slant) well was spudded in as an appraisal well and drilled to a depth of 5,080
meters into the Shinawari formation. During drilling, a 247-meter-thick Samanasuk formation
(exploratory effort) was penetrated. Cased Hole DST-1 was carried out, and the well flowed at a rate
of 2.14 Million Standard Cubic Feet per Day (MMSCFD) of gas and 74 barrels of condensate per day
(BCPD) on a 32/64” choke with a wellhead flowing pressure of 435 psi.
3. Based on initial testing results, the discovery marks the first-ever hydrocarbon find in
Samanasuk formation within Wali Exploration License. This discovery has further extended the
hydrocarbon play area in the southwestern part of Bannu Basin and de-risked the exploration potential
of deeper reservoirs, for which OGDCL has formulated a comprehensive exploration program.
4. The above information is submitted in compliance of Section 96 of the Securities Act, 2015 and
Clause 5.6.1(a) of PSX Regulations, for dissemination amongst your members please.
Yours Sincerely,
(Wasim Ahmad)
Company Secretary
Copy:
Executive Director/HOD,
Offsite-II Department, Supervision Division,
Securities & Exchange Commission of Pakistan,63,
NIC Building, Jinnah Avenue, Blue Area,
Islamabad.
HEAD OFFICE: OGDCL House, Jinnah Avenue, Blue Area, Islamabad, Pakistan
Phone: (92-51) 2623030, Fax: (92-51) 2623005
Website: [Link]
