Commencement of Gas Production from Sahito-1

Summary by AI ^BETAClose X

Oil and Gas Development Company Ltd has successfully commenced gas production from the Sahito-1 discovery well in the Khewari Exploration License, currently producing 6.0 MMSCFD of gas with plans for progressive ramp-up following facility expansion. A 6-inch, 5 km flowline has been established to connect the well to the Suleman Gathering Facility for processing at the Sinjhoro Plant and injection into the SSGCL network. OGDCL holds a 75% working interest as operator, with GHPL holding the remaining 25%.

Disclaimer*

Oil and Gas Development Company Ltd

23 June 2026

CS04-08 (PSX/LSE/SECP)/1

June 23, 2026

The General Manager,

Pakistan Stock Exchange Limited,
Stock Exchange Building,

Stock Exchange Road,
Karachi-74000, Pakistan.

London Stock Exchange Plc.,

10 Paternoster Square,

London EC4M 7LS.

Tel: (44) 20 7334 8907

Subject: Commencement of Gas Production from Sahito-1 Discovery Well in Khewari Exploration License

Dear Sir,

Further to our disclosure dated March 26, 2026 regarding the gas discovery at Sahito-1 from the Lower Goru Formation (Massive Sand) in Khewari Exploration License, we are pleased to inform that the well has successfully been brought into production.

Sahito-1 is currently producing 6.0 MMSCFD of gas. Production is expected to be progressively ramped up following the planned expansion of surface facilities. To facilitate early monetization of the discovery, OGDCL has laid a 6-inch, 5 km flowline connecting the well to the Suleman Gathering Facility for onward processing at the Sinjhoro Plant. The processed gas is being injected into the SSGCL network.

The well is located in District Khairpur, Sindh Province. OGDCL, as Operator of Khewari Exploration License, holds 75% working interest in the joint venture, while Government Holdings (Private) Limited (GHPL) holds 25%.

The commencement of production from Sahito-1 reflects OGDCL's continued efforts towards efficient development and monetization of indigenous hydrocarbon resources.

The above information is submitted in compliance with Section 96 of the Securities Act, 2015 and Clause 5.6.1(a) of the PSX Regulations, for dissemination amongst your members.

Yours Sincerely,

(Wasim Ahmad)

Company Secretary

Copy: Executive Director/HOD, Supervision Division, SECP, Islamabad.

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