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First Quarter 2009-10 OGDCL Results Highlights

OGDCL’s net sales decreased by 23.1 % to Rs 31,826 million from Rs 41,384 million for the quarter.

Net profit before taxation decreased to Rs 20,407 million from Rs 28,816 million for the quarter.

Net profit after taxation decreased to Rs 12,066 million resulting in earnings per share of Rs 2.81.

Operating profit margin and net profit margin were 62 % and 38 % respectively.

Payable interim dividend of Rs 1.00 per share.

Average net realized price of crude oil sold was US$ 58.38/bbl as against US$ 93.30/bbl during corresponding period last year

Average net realized price for natural gas sold was Rs 160.51/ Mcf as against Rs 166.47 / Mcf during corresponding period last year.

551 L. Kms of 2D and 161 Sq. Kms of 3D seismic acquisition completed.

Net Crude oil production of 39,008 barrels per day, net gas production of 983 MMcf per day, net LPG production of 205 tons per day and net Sulphur production of 66 tons per day was witnessed during the period under review.

During the period under review, four (04) discoveries were made and one (01) well spudded.

   

   
   
OGDCL – The leading E&P Player in Pakistan



 

OGDCL is the national oil & gas company of Pakistan and the flagship of the country’s E&P sector. The Company is the local market leader in terms of reserves, production and acreage, and is listed on all three stock exchanges in Pakistan and also on the London Stock Exchange since December 2006. The Company is all set to ride the wave of E&P activity, equipped with its Vision & Mission, Business and Strategic Plan, a debt-free and robust balance sheet and healthy cash reserves. The Company is ready to take on the challenges of a volatile E&P industry.  

 
   
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