The Israel Land Development Company Ltd.

Related Party Transaction • Nov 22, 2023

National Storage Mechanism | Additional information

RNS Number : 3138U

Oil and Gas Development Company Ltd

22 November 2023

No.CS04-08/ (PSX/LSE/SECP)                                                        November 22, 2023

The General Manager, Pakistan Stock Exchange Limited, Stock Exchange Building, Stock Exchange Road, Karachi	London Stock Exchange Plc. 10 Paternoster Square, London EC4M 7LS Tel: (44) 20 7334 8907

Subject:        KHEWARI PROJECT UPDATE

Dear Sir,

Oil & Gas Development Company Limited (OGDCL) has successfully completed the Khewari (Suleman 1 & 2) Development Project, with potential gas production of 10 million standard cubic feet per day (MMSCFD). Currently, 7 MMSCFD of gas is being processed at the Sinjhoro Plant in the Sanghar District, Sindh Province, and will be ramped up to the full potential. The wells are under choke optimization process for further enhancement in gas supply.

OGDCL adopted a fast-track strategy, accelerating processes for the first gas injection by laying a 6-inch diameter pipeline spanning 14.5 kilometers from the Gathering Facility near Suleman-1 to the Chabaro Tie-in point. The venture is a collaborative effort in which OGDCL serves as the operator with a 77.50% stake, while Government Holdings Private Limited (GHPL) holds the 22.50% share.

The above information is submitted in compliance with 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)

A/Company Secretary

Copy:

Executive Director/HOD,

Offsite-II Department, Supervision Division,

Securities & Exchange Commission of Pakistan,

63, NIC Building, Jinnah Avenue, Blue Area,

Islamabad.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

UPDNKBBPFBDKDDB