Oil and Gas Development : OGDCL Half Year (FY 2022-23) Results Presentation

Presentation on

OGDCL Half Year Results FY 2022-23

(July 2022 - December 2022)

February 22, 2023

Disclaimer

During the course of this presentation we may make forward-looking statements regarding future events or the future performance of the Company. By their very nature, forward looking statements involve inherent risks and uncertainties, both general and specific and risks exist that the predictions, forecasts, projections and other forward looking statements will not be achieved. You should be aware that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. Furthermore, OGDCL does not undertake any obligation to update or revise any of them, whether as a result of new information, future events or otherwise, other than that as required by applicable laws, the listing rules or prospectus rules of the United Kingdom listing authority, the Pakistani Capital Market's authority or the Pakistan Stock Exchange.

When relying on forward looking statements you should carefully consider the political, economic, social and legal environment in which OGDCL operates. The documents filed from time to time with the above-stated listing authorities may identify important factors that could cause actual results to differ

materially from those contained in any forward-looking statements.	2

Overview

As at December 31, 2022 (or as indicated below)

• Largest exploration and production company in Pakistan's oil and gas sector.
• Largest exploration acreage in Pakistan, covering around 40% of Country's total acreage awarded as at December 31, 2022.
• Largest portfolio of hydrocarbon reserves in Pakistan:

• 33% of oil (as at June 30, 2022)

• • 34% of gas (as at June 30, 2022)
• Remaining Recoverable Reserves on net basis (As on December 31, 2022)  467.28 MMBOE on 1P basis (Oil 53.84 and Gas 413.44)
   759.01 MMBOE on 2P basis (Oil 92.77 and Gas 666.39)
• OGDCL during July 2022 - June 2022 contributed around 46%, 29% and 37% towards Country's total oil, natural gas and LPG production respectively.
• Average daily net saleable crude oil, gas and LPG production during the year was 33,061 barrels, 772 MMcf and 730 Tons respectively.
• 111 OGDCL D&PLs - 77 Operated and 34 Non-Operated leases
• Presence in and knowledge of all four (4) provinces in the Country
• Four (4) wells spud and three (3) new oil and gas discoveries made during the period under review

The Reserves are based on 3rd party Reserves Evaluation Study-2020 by M/S D&M, USA
Sales gas reserves estimated herein were converted to oil equivalent using an energy equivalent factor 5.7 million Btu of gas per 1 barrel
of oil equivalent	3

Overview

As at December 31, 2022 (or as indicated below)

W E L L S U N D E R D R I L L I N G

Khyber	Nashpa-11
Pakhtunkhwa	Chanda -07
	Bhambhra-2
Sindh	Chak-20-1
	Gaja Wah-1

S E I S M I C A C Q U I S I T I O N

Sp-1	Nim/ TAY EL (Sindh)	3D
Sp-2	Suleiman EL (Balochistan)	2D
Sp-3	Hazro (Punjab)	2D
Sp-4	Jhelum (Punjab)	2D
Sp-5	Sujawal South (Sindh)	3D

Nashpa-11

Chanda-07

SP- 3

SP- 4

SP- 2

Bhambhra-2	Chak 20-1
Gaja Wah-1	SP- 1

SP- 5

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Financial & Operational Performance

(July 2022 - December 2022)

• Net sales revenues of Rs 203.236 billion
• Oil - average net realized price of US$ 78.60/bbl as against US$ 63.23/ bbl during the corresponding period last year
• Gas - average net realized price for natural gas sold was Rs 570.00/Mcf as against Rs 404.28/Mcf during the corresponding period last year
• LPG - average net realized price of Rs /Ton as against 139,661 Rs 113,962/Ton during the corresponding period last year
• Operating profit margin and net profit margin were 59% & 47%, respectively
• Earnings per share of Rs 22.09
• Second interim cash dividend of Rs ---------- per share

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