Press Release
12 February 2008
DANA PETROLEUM PLC
("DANA", "THE COMPANY", OR "THE GROUP")
DANA AWARDED NEW LICENCES ACROSS 7 BLOCKS OFFSHORE NORWAY
Dana Petroleum is pleased to announce that the Norwegian Ministry of Petroleum and Energy has awarded Dana’s wholly owned subsidiary, Dana Petroleum Norway AS (“Dana Norway”) three new exploration licences on the Norwegian Continental Shelf (“NCS”) in the APA 2007 licensing round. The new licences cover a total of seven blocks and part-blocks in both the North Sea and the Norwegian Sea. Dana Norway has been appointed as Operator for the licence in which it holds the largest working interest.
The awards to Dana Norway are as follows:
| Licence | Blocks | Partner Companies and Working Interests |
| PL 464 | 31/3 and 32/1 | Dana Petroleum Norway AS (Operator, 55%) E.ON Ruhrgas Norge AS (45%) |
| PL 484 | 6608/10 | Dana Petroleum Norway AS (30%) Norwegian Energy Company ASA (Operator, 40%) E.ON Ruhrgas Norge AS (30%) |
| PL 485 | 6508/3, 6608/12 6609/10 and 11 |
Dana Petroleum Norway AS (30%) Det Norske Oljeselskap ASA (Operator, 40%) Discover Petroleum AS (30%) |
Consequently, Dana Norway has now built a significant portfolio offshore Norway. This includes a 45% stake in the producing Jotun Oil Field, operated by ExxonMobil, and interests in a total of 8 licenses on the NCS covering 16 blocks or part blocks.
Dana’s Chief Executive, Tom Cross commented:-
“Dana entered Norway in mid 2007 and, in just a short time, we have built a valuable portfolio of assets and opportunities. Our first Norwegian well, late in 2007, resulted in two oil discoveries at Storskrymten and we now look forward to exploring the new licences we have just been awarded.”
The Dana Petroleum group is now producing oil and gas from a total of 30 fields, spanning the UK, Egypt, Norway and the Netherlands. Dana is actively exploring for new oil and gas reserves in each of these countries and expects to drill a total of 17 exploration wells worldwide in 2008. In addition, the Group has exploration programmes underway in other African countries including Mauritania, Senegal and Morocco. Dana is also the largest shareholder in the independent oil company Faroe Petroleum plc, which is producing and developing gas fields in the UK and exploring for oil and gas offshore Norway, the UK, the Faroes and the Netherlands.
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 |
