OGDCL TESTS GAS-CONDENSATE WELL: DARS WEST-3

Summary by AI ^BETAClose X

Oil and Gas Development Company Limited (OGDCL) has successfully tested its Dars West-3 well, reaching a depth of 2,100 meters and producing 9.70 MMSCFD of gas along with 580 BPD of condensate at a Wellhead Flowing Pressure of 1,725 Psi. These results from the Lower Goru C-Sand reservoir confirm its hydrocarbon potential, with pipeline construction underway for gas injection into the SSGCL network. The Dars West D&PL Joint Venture, operated by OGDCL with a 77.5% interest and GHPL holding 22.5%, anticipates this development will contribute to ongoing reservoir evaluation and field expansion efforts.

Disclaimer*

Oil and Gas Development Company Ltd

19 February 2026

CS04-08 (PSX/LSE/SECP)

February 19, 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: OGDCL TESTS GAS-CONDENSATE WELL: DARS WEST-3

Dear Sir,

We are pleased to inform that Oil and Gas Development Company Limited (OGDCL) has successfully tested a new development well in C-Sands of Lower Goru Formation at Dars West-3, located in District Tando Allah Yar, Sindh Province. The well was drilled up to a total depth of 2,100 meters, and tested utilizing OGDC's in-house expertise.

During testing, the well produced at a rate of 9.70 MMSCFD of gas along with 580 BPD of condensate at a choke size of 36/64 inches, with a Wellhead Flowing Pressure of 1,725 Psi from the Lower Goru C-Sand reservoir.

The test results reinforce the hydrocarbon potential of the Lower Goru C-Sand reservoirs in Dars West area. Laying of pipeline is in progress, and upon completion, gas from the well will be processed at KPD-TAY plant for onward injection into the SSGCL network.

Dars West D&PL Joint Venture comprises OGDCL as the operator with a 77.5% working interest along with GHPL having working interest of 22.5%. The results reflect the ongoing efforts in reservoir evaluation, testing, and field development.

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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