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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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

May 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.

  • Epic Code:
  • DNX
  • Price:
  • 535p
With many investors coming round to the view that high oil prices really are here to stay, we make few apologies for another oil recommendation and it's no surprise that the FTSE oil & gas sector has enjoyed sparkling growth of 11% since the start of the year, compared to a pedestrian 3.5% for shares as a whole. One company that has made a mint from these favourable conditions is Aberdeen-based Dana Petroleum, which has a diversified spread of interests in the North Sea, Africa and Australia. Led by former petroleum engineer and oil analyst Tom Cross, Dana has seen its proven and probable reserves increase fourfold to nearly 125m barrels over the last nine years. And with the help of some canny corporate deals, Dana e ...

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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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