Dana Petroleum

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Address
17 Carden Place
Aberdeen
AB15 7FH
Scotland
Tel 01224 652400
Fax 01224 652401
Web http://www.dana-petroleum.com

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Capex

Dana plans to invest around £200 million across existing fields and licences in 2008, up from £140 million in 2007.

Future Plans

• By the end of 2008, Dana will have completed drilling on 11 exploration wells and be actively drilling a further 2 to 4 wells and also be well advanced in site preparation for the Tafejjart well in Morocco.
• Looking ahead to 2009, up to 17 exploration wells are scheduled, with rigs for 14 of these already secured. Key wells to highlight for this period will include drilling in the Rinnes area, the Tornado and Anne Marie prospects West of Shetland, the Eitri and Trolla wells in Norway, the SE July and Neferititi (South October) wells in the Gulf of Suez, Egypt and 2 wells in the prolific offshore Nile delta, Egypt.
• In addition to Dana’s extensive exploration and development programme, highlighted above, the Company will continue to appraise new opportunities where Dana’s technical expertise and financial strength can be deployed to add further value for shareholders.

Production

Average oil and gas production was approximately 30,500 boepd in 2007. Production capacity increased strongly during 2007, with a year end exit rate in excess of 45,000 boepd

Dana achieved record average oil and gas production of approximately 22,300 boepd in 2006.

Group production averaged 16,613 bpd of oil and 17,810 mmscfpd of gas in 2005, giving a total of 19,683 boepd.

Reserves

Proven and probable reserves increased to 165.8 mmboe at end of 2007, representing a reserves replacement of 316%

Proven and probable reserves increased to 130 million barrels of oil equivalent at end 2006, representing a reserves replacement ratio of around 330%.

Overall Group proven and probable oil and gas reserves at 31 December 2005 were 111.5 mmboe.

Who's Who

Charles M Smith CBE
Chairman and Non-Executive Director
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Andrew M Bostock
Technical Director
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Thomas P Cross
Chief Executive Officer
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Colin R. Goodall
Chairman & Non-Executive Director
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Thomas P. Cross
Chief Executive Officer
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David A. MacFarlane
Finance Director
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Stuart M. Paton
Technical & Commercial Director
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Angus M. Pelham Burn
Non-Executive Director (and Senior Independent Director)
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D. Ian Rawlinson
Non-Executive Director
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Philip J. Dayer
Non-Executive Director
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John J. Arnton
Company Secretary & Group Legal Manager
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Offices

United Kingdom
Head Office
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