OGDC rubbishes off rumors pertaining to discovery of Shale hydrocarbons

News Image

By 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 132,786.30
104.98M
-0.46%
-616.89
ALLSHR 83,073.90
592.69M
-0.14%
-114.15
KSE30 40,410.00
37.00M
-0.59%
-241.45
KMI30 191,062.07
42.22M
-0.53%
-1021.85
KMIALLSHR 55,759.52
304.91M
-0.16%
-88.18
BKTi 36,252.04
6.59M
-0.47%
-170.84
OGTi 28,276.56
7.40M
-0.57%
-161.05
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,060.00 109,545.00
108,625.00
-155.00
-0.14%
BRENT CRUDE 70.35 70.35
69.85
0.20
0.29%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
2.05
2.15%
ROTTERDAM COAL MONTHLY 106.65 106.65
106.25
0.50
0.47%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.51 68.52
67.78
0.18
0.26%
SUGAR #11 WORLD 16.13 16.15
16.08
0.00
0.00%

Chart of the Day


Latest News

Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg