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.

For more on this article, please click on the following link: Pakistan's OGDCL makes gas discovery: Guardian

Eni makes new gas discovery in Pakistan: Forbes

MILAN (Thomson Financial) - Eni SpA said it has made a new on-shore gas discovery in Pakistan located in the Mubarak exploration block in the south eastern province of Sindh.

Eni said it holds a 38 percent stake in the Mubarak block.

The other partners are Petronas Carigali Pakistan Ltd, which is the operator with a stake of 57 percent, and Government Holding Private Limited which has a 5 percent stake.

For more on this article, please click on the following link: Eni makes new gas discovery in Pakistan: Forbes