Updates

Dana Petroleum - Faucon-1 well strikes oil

January 2006

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’s shares rocketed almost 100p after the company announced that its Faucon-1 exploration well in Mauritania in Block One (36% interest) has encountered hydrocarbon bearing sandstones. Drilling was temporarily suspended at 3,536 metres to allow a full range of tests to be carried out. Dana intends to drill down a further 700m to fully explore this section and will report back on its estimate for the size of the discovery in due course. This is clearly very good news, given that Dana had previously estimated Faucon-1’s net potential recoverable reserves (after adjusting for the farm-in by Gaz De France) to be 120m barrels of oil. However, Chancellor Gordon Brown’s tax shocker (see Venture) may weigh on the s ...

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Venture Production - North Sea tax hike

Trader Portfolio

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 (December 2005)

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.

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