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Dana Petroleum Updates Drilling Programme in Egypt

Source: www.gulfoilandgas.com 11/19/2009, Location: Africa

Dana Petroleum plc, the independent oil and gas exploration and production company focused on growth through international exploration and the development of production in Egypt, is currently drilling the Papyrus exploration well, on the West El Burullus concession, (Dana 50%) offshore Nile Delta, Egypt, targeting gas at a similar horizon to the West El Burullus-1 discovery made in 2008.

The well is expected to complete around year end and its key aim is to prove additional gas volumes in this area in order to optimise development planning. An exploration well on the much larger Bamboo prospect, is due to spud following completion of Papyrus, and will target deeper, high pressure gas reservoirs which have the potential to open up significant further prospectivity in the block.

In addition, the Company is drilling two wells, Azhar-E2x and Sohba SW-1x in the East Beni Suef concession, onshore Egypt. These wells are part of an ongoing drilling programme which has resulted in three new fields being brought on-stream in the last year.

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