Dana resumes drilling off Mauritania

Dana to persevere with drilling campaign offshore Mauritania, following modest gas discovery in southern waters

Offshore staff

(Mauritania) - Dana Petroleum has released new data on its Faucon-1 discovery well in Mauritania offshore Block 1. Preliminary results, aided by subsequent log analysis, suggest a 200 bcf gas reservoir with a thin oil zone. These reserves would not be enough to justify development at this stage, but the result does demonstrate a working petroleum system in the south of the country.

This summer, the company plans to resume drilling with a well testing the Flamant prospect in northern Block 8, using theAtwood Hunter. Seismic interpretation suggests a possible 6 tcf structure. The same rig will then drill a well in Block 7, where Dana has another gas discovery, named Pelican.

On the other side of Africa, Dana is partnering Woodside Energy in Kenyan offshore blocks L5 and L7. Drillable prospects have been identified, but progress has been hampered by the tight market for suitable deepwater rigs.

1/28/06

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