image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Latest issue now available

Dana Petroleum

January 2007

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.

  • Epic Code:
  • DNX
  • Price:
  • 1253p
Although results from its latest well in Mauritania indicate a sub-commercial discovery, Dana has nevertheless progressed elsewhere through the acquisition of a further 25% interest in the Southern North Sea-based Cavendish gas field for a cash consideration of US$55m (taking its share to 50%). First gas production is scheduled to begin in spring 2007 at a rate of 100m cubic feet per day, with Dana’s share being 34m or 5,800 barrels oil equivalent per day. Another intelligent deal, increasing its strong cash generation further still. Continue to hold. ...

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

Subscribe now

Already a subscriber? Login

Related Articles

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