Pakistan's OGDCL makes gas discovery: Guardian

KARACHI, July 4 (Reuters) - State-owned Oil and Gas Development Co Ltd (OGDCL), Pakistan's biggest listed firm, announced on Friday a gas discovery in central Punjab province, raising its output by 5.5 million cubic feet a day.
OGDCL, which is also listed in London, has ramped up investment in an effort to reduce Pakistan's dependence on imported fuel at a time of record high prices.
"This is a small discovery for OGDCL with a per share impact of 0.04 rupees per share," said Faraz Farooq, an analyst at First Capital Equities Ltd.
The discovery was made in the company's wholly-owned Exploratory well Dhodhal Deep 01.

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