Updates

Dana Petroleum

December 2005

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Dana has announced two value-enhancing agreements with Gaz de France (GDF), which expands its portfolio of interests into Algeria and Egypt. The first deal involves Dana paying US$93m cash, part-funded by the issuing of 4m new shares at 870p, for a 15% working interest in two blocks in the prolific Sbaa basin in onshore South West Algeria, in which an estimated 2.6 trillion cubic feet of recoverable gas has been discovered. The second deal is a straight asset swap with Dana transferring part of its interests in blocks 1,7 and 8 in Mauritania to GDF in return for interests in two producing UK North Sea gas fields and an interest in a concession in the Nile Delta, offshore Egypt. GDF has also agreed to pay all of Dana’s first ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

NETeller

Metal-Tech - Poised to sign new joint venture

Dana Petroleum (August 2010)

Dana Petroleum - Makes biggest acquisition to date (July 2010)

Dana Petroleum - Ambitious Â£210m capital investment programme (June 2010)

Dana Petroleum - Strong portfolio of exploration and production assets (September 2009)

Dana Petroleum - Poised for strong production growth (June 2009)

Dana Petroleum - Acquires Bow Valley (April 2009)

Dana Petroleum - Wide range of eps forecasts (October 2008)

Dana Petroleum - Oil & gas stalwart poised to deliver huge profit growth (August 2008)

Dana Petroleum - New discoveries propel Dana towards FTSE-100 (June 2008)

Dana Petroleum - Our pick in the oil sector (August 2007)

Dana Petroleum (January 2007)

Dana Petroleum - Production soars towards 31,000 boepd (November 2006)

Dana Petroleum - Makes two North Sea discoveries (October 2006)

Dana Petroleum - Surge in production as Goosander field comes on stream (September 2006)

Dana Petroleum - Oversold markets provide excellent entry price (July 2006)

Dana Petroleum (May 2006)

Dana Petroleum - Production spikes up to 28,000 boepd (March 2006)

Dana Petroleum - Faucon 1 well not commercial (February 2006)

Dana Petroleum - Faucon-1 well strikes oil (January 2006)

Dana Petroleum - Poised to drill high impact Faucon well (November 2005)

Dana Petroleum - Major beneficiary of oil price surge (September 2005)

Dana Petroleum - ABN Amro issues new note (June 2005)

Dana Petroleum - Oil production set to hit 30,000 barrels a day next year (May 2005)

Dana Petroleum - Asset swaps set up surge in production (January 2005)

Dana Petroleum - Asset swap boosts revenues by Â£25m (November 2004)

Dana Petroleum - Newsflow drives shares to new high (September 2004)

Dana Petroleum - 300m barrel exploration prospects in Mauritania (June 2004)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X