Dragon Oil Plc Drilling Update

Dragon Oil plc, an international oil and gas exploration and production company, announces the successful completion and initial testing of the Dzheitune (Lam) 13/133A development well l. The reached depth was 2,975 metres. Testing of the long and short strings resulted in production rates of 1,488 bopd and 1,140 bopd , respectively, with further testing and optimisation scheduled to take place.

The Dzheitune (Lam) 13/133A development well is the first well to be completed using Dragon Oil's own platform-based drilling rig, Rig 40, following its refurbishment and upgrade. Since completing the Dzheitune (Lam) 13/133A well, Rig 40 has skidded to slot three on the Dzheitune (Lam) 13 platform and has spud the Dzheitune (Lam) 13/135 development well.

In addition, the Iran Khazar jack-up rig is curr ently on course to complete initial testing of the development well Dzheitune (Lam) 28/134 by the end of May 2009.

Dr Abdul Jaleel Al Khalifa, C hief Executive Officer, Commented:
"I am pleased to announce the successful completion and initial testing of the Dzheitune (Lam) 13/133A development well using Dragon Oil's own Rig 40 . Efforts to secure an additional land rig are ongoing, the drilling programme is progressing well and we are confident of achieving our target to complete eight wells by the end of 2009. "