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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Dana Petroleum - Broker price target: 335p

July 2004

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.

In its latest 56 page Oil & Gas sector review, broker, Teather & Greenwood, has issued a strong buy recommendation on Dana with a 335p price target.  The broker notes that Dana's exploration plansfor this year could add an additional 100p to the current price.  We think that could be too conservative, with Dana's forthcoming exploration program in Mauritania having the potential to add an extra 300m barrels of oil equivalent.   The shares have now moved up nicely from last month's main recommendation price of 259p.   Keep buying. ...

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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

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