Oil and Gas Development : OGDCL Half Year (FY 2021-22) Results Presentation

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.

Overview

As at December 31, 2021 (or as indicated below)

• Largest exploration and production company in Pakistan's oil and gas sector
• Largest exploration acreage in Pakistan, covering around 41% of Country's total acreage awarded - as at December 31, 2021
• Largest portfolio of net hydrocarbon reserves in Pakistan:

• 43% of oil (as at June 30, 2021)

• • 36% of gas (as at June 30, 2021)
• OGDCL during July 2021 - December 2021 contributed around 48%, 29% and 38% 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 36,788 barrels, 827 MMcf and 814 Tons respectively
• Remaining Recoverable Reserves on net basis (As on December 31, 2021)

• • 438 MMBOE on 1P basis (Oil 48 and Gas 390)
  • 677 MMBOE on 2P basis (Oil 74 and Gas 603)
• 111 OGDCL D&PLs - 77 Operated and 34 Non-Operated leases
• Presence in and knowledge of all four (4) provinces in the Country
• Six (6) wells spud and four (4) new oil and gas discoveries made during the period under review

OGDCL Portfolio &

Exploration Activity (February 2022)

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

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

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Financial & Operational Performance

(July 2021 - December 2021)

• Net sales revenues of Rs 151.163 billion
• Oil - average net realized price of US$ 63.23/bbl as against US$ 38.81/ bbl during the corresponding period last year
• Gas - average net realized price for natural gas sold was Rs 404.28/Mcf as against Rs 377.93/Mcf during the corresponding period last year

 LPG - average net realized price of Rs 113,962/Ton as against Rs 62,826/Ton during the corresponding period last year

• Operating profit margin and net profit margin were 55% & 46%, respectively
• Earnings per share of Rs 16.02
• Second interim cash dividend of Rs 2.00 per share

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