Dana updates 2009 E&P plans

Dana Petroleum has updated its activities for 2009.

Offshore staff

ABERDEEN, UK -- Dana Petroleum has updated its activities for 2009. The company is currently participating in eight exploration wells, including the following:

• Anchois (Dana 15%), in the offshore Morocco Tanger-Larache concession was spudded in mid-January and results are expected in February
• South July-1 (Dana 40%, and well operator) in the SE July concession, Gulf of Suez Egypt, was spudded late December 2008. Results are expected in March.

The company also reports that development of the Babbage gas field in the UK southern North Sea and the E18 gas field in the Dutch North Sea, are both progressing according to plan with first production scheduled for 1Q 2010 and 3Q 2009 respectively.

Work on the Dana-operated Barbara/Phyllis joint gas field project in UK Central North
Sea is on schedule, the company says, with host platform selection now planned for mid-2009 and project sanction expected this year. The company anticipates first gas in 2011.

In addition to new field developments, the company has identified a number of infill drilling targets within Dana's producing fields. These are currently being evaluated and prioritized relative to the rest of the development and exploration program. They include an additional well in the F16 gas field in the Dutch sector, due to be spudded shortly, wells in the Cavendish and Johnston gas fields and the Otter oil field in the UK, and wells in each of the Egyptian concessions.

02/06/2009

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