Babbage appraisal well flows 10.7 MMcf/d of gas

Sept. 20, 2006
The Babbage appraisal well by Dana Petroleum in North Sea block 48/2a of the UK Southern Gas Basin was flow tested at 10.7 MMcf/d of gas from a Leman sandstone section.

Offshore staff

ABERDEEN, UK -- The Babbage appraisal well by Dana Petroleum in North Sea block 48/2a of the UK Southern Gas Basin was flow tested at 10.7 MMcf/d of gas from a Leman sandstone section.

The well began on July 16, 2006, and reached a vertical TD of more than 11,000 ft. It will be suspended for future use as gas production well in the field development plan.

Dana holds a 40% interest in block 48/2a, with partners E.ON Ruhrgas UK North Sea, 47% (operator), and Centrica Resources, 13%.

"The results of this well are highly encouraging and have therefore led the joint-venture group to begin development studies," says Tom Cross, Dana CEO. "The partnership has already secured a rig for further drilling and is progressing discussions with a number of host infrastructure owners."

9/20/06