Updates

Dana Petroleum - Newsflow drives shares to new high

September 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.

Fed by a plethora of positive newsflow the shares have sped to a newhigh of 343p, 84p ahead of our recommendation price. First-up wasthe news that Dana has signed a farm-in agreement with Wintershall, an experienced oil explorer offshore West Africa, concerning Dana'sBlock 8 interest in Mauritania. Wintershall will pay all of Dana's exploration costs there, including acquisition, processing and interpretation of a major 3D survey, in return for a 38.5% stake, with Dana retaining 41.5%. Since then Dana has increased its stakein its "Barbara" field in the North Sea from 27% to 80% for $7.5m. Initial estimates suggest Barbara has 120 billion cubic feet (bcf) gas and 4m barrels of oil, but given that previous ...

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Character Group

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 - Faucon-1 well strikes oil (January 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 - 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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