OGDC rubbishes off rumors pertaining to discovery of Shale hydrocarbons

MG News | November 25, 2019 at 12:59 PM GMT+05:00

0:00

November 25, 2019 (MLN): The Oil and Gas Development Company Limited on Monday issued a clarification regarding the reports doing the rounds in the media that the company has discovered shale hydrocarbons in the province of Sindh.

In a notification issued to the Pakistan Stock Exchange, the company stated that the information contained in these reports was factually incorrect, as OGDCL has neither shared any information in this regard nor has the company so far drilled any shale well.

The company is, however, working on a Shale Pilot Project which includes drilling of a Shale well at a future date, the notice stated.

Throwing a jibe at these reports, the company stated that it disseminates all material information to the relevant stakeholders, including Pakistan Stock Exchange and London Stock Exchange as per compliance and regulatory requirements.

‘It is requested that any information not issued by OGDCL may be ignored’, the notice added.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	161,935.19 239.78M	0.80% 1277.69
ALLSHR	97,989.64 672.11M	0.80% 780.92
KSE30	49,083.13 162.29M	0.73% 357.18
KMI30	231,590.57 121.07M	0.80% 1835.48
KMIALLSHR	63,730.38 301.36M	0.65% 414.39
BKTi	44,511.26 43.79M	1.00% 442.70
OGTi	31,229.10 21.20M	1.42% 438.44

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	95,045.00	100,495.00 94,230.00	-3080.00 -3.14%
BRENT CRUDE	64.29	64.87 63.36	1.28 2.03%
RICHARDS BAY COAL MONTHLY	85.00	85.00 85.00	0.05 0.06%
ROTTERDAM COAL MONTHLY	96.45	96.45 95.75	1.20 1.26%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	59.95	60.65 58.71	1.26 2.15%
SUGAR #11 WORLD	14.85	15.05 14.35	0.41 2.84%