With reference to our announcement dated March 18, 2025, regarding the discovery at Spinwam-1 well in the Waziristan Block, Khyber Pakhtunkhwa from the Kawagarh Formation, we are pleased to report third gas and condensate discovery in the Hangu Formation at the Spinwam-1 Well. OGDCL holds a 35% working interest in the Waziristan Block, with Mari Energies Limited as Operator (55%) and Orient Petroleum Inc. (10%).
The well has flowed 23.85 MMSCFD of gas and approximately 122 barrels per day of condensate at a 32/64" choke, with a Well Head Flowing Pressure (WHFP) of 4,042 psig. Testing of additional formations is in progress.
The above information is submitted in compliance of Section 96 of the Securities Act, 2015 and Clause 5.6.1(a) of PSX Regulations, for dissemination amongst your members please.