Oil and Natural Gas Corporation Limited (ONGC) announced that on behalf of consortium of ONGC, Indian Oil Corporation Ltd. (IOCL) and Prabha Energy Private Limited (PEPL), Subsidiary Company has allocated 0.05 MMSCMD (that is 50,000 SCM per day) CBM Gas to M/s Ultra Gas Trading Limited from North Karanpura Block of CBM Asset through Notification of Award (NoA) issued on April 3, 2024. Name of the entity to which order is awarded: M/s Ultra Gas Trading Limited. Significant terms and conditions of order: ONGC on behalf of Consortium of ONGC, IOCL & PEPL has allocated to supply CBM Gas of 0.05 MMSCMD (i.e. 50,000 SCM per day) from North Karanpura Block of CBM Asset.

Time period: 3 years from the date of actual commencement of Gas Offtake or 15 days before expiry of offtake window, whichever is earlier. Broad commercial consideration or size of the order: The applicable Gas price shall be Reserve Gas price Plus a premium of $0.10/MMBTU.