Tunisia partners apply for license extension

Dragon Oil expects exploration drilling to start in March on the Bargou permit offshore Tunisia.

Offshore staff

TUNIS, Tunisia – Dragon Oil expects exploration drilling to start in March on the Bargou permit offshore Tunisia.

The partners, comprising Dragon (55%), Cooper Energy (30%), and Jacka Resources (15%), havesecured a rig from Grup Servicii Petroliere (GSP) and well management services from AGR Petroleum (ME) - Dubai for one well. This will be managed by Cooper.

Additionally, the partners have applied for a one-year extension to the current exploration phase through 2014, to allow for additional analysis of results from the well.

1/21/2013

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