Progress to Date

RNS Number:5602L
Dragon Oil PLC
27 May 2003


                                 DRAGON OIL PLC


  DRAGON OIL CHIEF MEETS TURKMENISTAN PRESIDENT AND OUTLINES PROGRESS TO DATE


Turkmenistan President Saparmurat Turkmenbashi recently received a brief on the
progress of Dragon Oil Plc ("Dragon"), the independent oil and gas exploration
and production company of which Emirates National Oil Company Ltd (ENOC) LLC is
the major shareholder. The brief came in a meeting between the President and
Hussain Sultan, Chairman and Chief Executive of Dragon.

During the meeting Hussain Sultan explained to the President that by the end of
last year Dragon increased its daily oil production from 6,000 barrels per day
(bpd) to 15,000 bpd after Dragon drilled four new wells.

During the meeting, President Turkmenbashi expressed his country's willingness
to assist Dragon in fast-tracking its operations in Turkmenistan.

As a part of Dragon's plans to further develop the field, Dragon will shortly
sign a contract for a jack up oil rig to be used for drilling offshore.

Hussain Sultan, Chairman and Chief Executive of Dragon commented:

"Currently we are in the final stage of talks on this contract with drilling
work expected to start in November using this jack up rig."


Enquiries:

Citigate Dewe Rogerson (+ 44 207 638 9571)

Martin Jackson


27 May 2003

                      This information is provided by RNS
            The company news service from the London Stock Exchange



                      This information is provided by RNS
            The company news service from the London Stock Exchange

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