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Dana Gas Seeks to Surpass 2008 Achievements

DUBAI - Dana Gas PJSC, the Middle East’s first and largest private sector regional natural gas company, outlined the key business achievements made by the company in 2008 at the Annual General Meeting (AGM), which took place in Sharjah.

“We have had an excellent year. The Company has become an important and highly visible player in the emerging energy infrastructure of the MENASA Region. Our focus remains unchanged from when we began three and a half years ago: to be a force for change as the region’s premier private sector natural gas company,” said Hamid Dhiya Jafar Executive Chairman, Dana Gas. The company achievements include achieving a year-end exit rate of 31,640 barrels of oil equivalent (boe) per day with a total annual production of 10.5 million barrels of oil equivalent (mmboe) in its Egypt operations, while its total (3P) petroleum reserves in Egypt increased by 84 percent from 86 mmboe in 2007 to 158 mmboe in 2008.

Dana Gas also made five consecutive exploration discoveries in the company’s Nile Delta Concessions, one of which is now in production.

The discoveries included Salma-1 in the West Qantara Concession, El Basant-1 and El Basant-2, and doubled Dana Gas’s Egypt reserves.


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