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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Dana Resources (CE) | USOTC:DANR | OTCMarkets | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.000001 | 0.00 | 01:00:00 |
From Jul 2019 to Jul 2024
Dana Petroleum PLC (DNX.LN), an independent oil company, said Wednesday it has signed an agreement with BG International Ltd. (BG.LN) to acquire a 50% interest in the El Manzala Offshore Area Concession, located in the Mediterranean Sea, offshore Egypt.
MAIN FACTS:
-The deal is subject to normal regulatory approvals.
-The El Manzala Offshore Area Concession is a large PSC area, covering some 630 sq km, situated in the prolific offshore Nile Delta area of Egypt.
-The area already has significant coverage of both 2D and 3D seismic data.
-Dana will fund the cost of the next exploration well up to an agreed cap in order to earn the 50% interest.
-Dana has assessed that this area is prospective in both the Pliocene play, analogous to Dana's two gas discoveries in the West El Burulus concession (WEB-1 and Papyrus), as well as having further prospectivity in the deeper high pressure horizons.
-Shares closed Tuesday at 1471 pence.
-By Tommy Stubbington, Dow Jones Newswires; 44-20-7842-9268; tommy.stubbington@dowjones.com
1 Year Dana Resources (CE) Chart |
1 Month Dana Resources (CE) Chart |
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