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Dana Petroleum - Makes two North Sea discoveries

October 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.

  • Epic Code:
  • DNX
  • Price:
  • 1128p
Dana has announced that it has made two new discoveries in the North Sea. The first involved two reservoirs at the East Causeway well, situated in the UK Northern North Sea, which flowed at a combined stabilised rate of 14,500 barrels oil per day (bopd). The second discovery, the E18-6 gas well in the Dutch North Sea, flowed at a rate of 45 million cubic feet per day and may lead to a follow-up appraisal well. Further results are expected shortly from the Babbage gas field appraisal and also the high impact Flamant exploration well in Mauritania. Continue to hold. ...

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