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OGDC to get boost on 100 mmcfd gas addition from Kunnar Pasakhi
1/14/2012 11:18:02 AM
KARACHI: Oil and Gas Development Company (OGDC) is poised to deliver strong volume growth in the financial year 2012 and beyond (3-year volume CAGR of 13%) after the addition of 100 mmcf of gas per day from Kunnar Pasakhi Deep (KPD) from January 12.
According to KASB Securities and Economics Research team here Friday, the production of 100 million cubic feet per day (mmcfd) of gas from KPD represents 10 % of OGDC's total gas volumes and will have annual impact of Rs 1.3 per share on company's bottom line (6% of FY12 earning per share).