Press Release

4 July 2007

DANA PETROLEUM PLC
("DANA", "THE COMPANY", OR "THE GROUP")

 

CAVENDISH GAS FIELD BEGINS PRODUCTION

Dana Petroleum is pleased to announce that production has successfully commenced from the Cavendish gas field, located in the UK Southern Gas Basin in Block 43/19a, in which Dana holds a 50% working interest. The expected initial production rate from the first well is approximately 60 million standard cubic feet of gas per day (mmscfpd). Second and third wells are currently being drilled and are expected to come on stream before the end of the year.

The Cavendish field was discovered in 1989 and development sanction was granted in 2005. The development consists of a 6-slot minimum facilities fixed platform which is tied back to the Murdoch platform, part of the Caister Murdoch System operated by ConocoPhillips, via 47 kms of newly laid pipeline. Gas is then transported onward to the Theddlethorpe Gas Terminal in the UK.

Commenting on the news, Tom Cross, Chief Executive said:

"Cavendish will add significantly to Dana's overall production. Following the recent start-up of the Enoch oil field, this now brings the Company's total number of producing fields in the North Sea to 15. The successful developments of both Cavendish and Enoch are important growth steps for Dana. Production will be further enhanced in the near future with completion of the ongoing acquisitions of Devon Energy's E&P assets in Egypt and Ener Petroleum in Norway."

 

 

For further information please contact:

Tom Cross, Chief Executive	Dana Petroleum plc	01224 652400
Stuart Paton, Technical & Commercial Director	Dana Petroleum plc	01224 652400
Nick Elwes	College Hill Associates	020 7457 2020

 

Notes to Editors:

1. Dana Petroleum holds a 50% interest in the Cavendish Gas field. RWE Dea UK Development Ltd (operator) also holds 50% equity in the field.

2. The Cavendish field is located some 140km north-east of Easington on the Lincolnshire coast and 180km north of Bacton on the Norfolk coast. The water depth at the field is approximately 18.5 metres.

3. Main contracts awarded on the Cavendish development include Heerema Vlissingen B.V for the minimum facilities platform, Technip for the pipeline installation, and Noble Asset (UK) Ltd for the drilling.