GAS DISCOVERY AT SAHITO-1 EXPLORATORY WELL

Summary by AI ^BETAClose X

Oil and Gas Development Company Limited has announced a gas discovery at the Sahito-1 exploratory well in the Khewari Exploration License, located in District Khairpur, Sindh Province. The well tested at 17.2 million standard cubic feet of gas per day through a 32/64" choke at a wellhead flowing pressure of 3390 psi, from the Lower Goru Formation. This discovery is expected to contribute to reducing Pakistan's energy deficit and enhancing hydrocarbon reserves.

Disclaimer*

Oil and Gas Development Company Ltd

26 March 2026

CS04-08 (PSX/LSE/SECP)

March 26, 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: GAS DISCOVERY AT SAHITO-1 EXPLORATORY WELL IN KHEWARI EXPLORATION LICENSE DISTRICT KHAIRPUR, SINDH PROVINCE PAKISTAN

Dear Sir,

We are pleased to inform that Oil and Gas Development Company Limited (OGDCL), as Operator (95%), along with Government Holdings (Private) Limited (GHPL) (5% carried interest), has discovered gas from Sahito-1 exploratory well in Khewari Exploration License, located in District Khairpur, Sindh Province.

Based on wireline logs interpretation results, the sands of Lower Goru Formation (Massive sand) were tested through DST and yielded 17.2 million standard cubic feet of gas per day (MMSCFD) through choke size 32/64" at wellhead flowing pressure (WHFP) of 3390 pounds per square inch (psi).

Sahito-1 was spudded on December 24, 2025, as an exploratory well. The well was drilled down to a total depth of 3870m TVD in the Sembar Formation as an exploratory effort by using OGDCL's in-house expertise.

The discovery represents a major milestone, and this development is anticipated to play a vital role in reducing the national energy demand-supply gap through indigenous resources, while also contributing to the enhancement of hydrocarbon reserves of OGDCL, Joint venture partner and the country.

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 among your members.

Yours Sincerely,

(Wasim Ahmad)

Company Secretary

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

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