Dana Secures New Acreage Near Tolmount Discovery

Dana Petroleum plc (“Dana”) in a 50/50 partnership with Sorgenia E&P (UK) Ltd has secured blocks 42/27, 47/2b (split) and 47/3g (split) in the UK Southern North Sea, in the final stage of the 26th round of UK offshore licensing.

Dana will be the operator of the blocks and the work obligations comprise a reprocessing of 3D seismic. The blocks are adjacent to the substantial Tolmount discovery made in October 2011 in which Dana has a 50% interest. The Tolmount discovery, located about 40 miles east of the Yorkshire coast, on October 7th 2011 encountered a gas column in excess of 200 feet.

Paul Griffin,  Dana’s UK Managing Director, said: “We are pleased to have secured these new blocks in an area that is well known to us and includes our potential Platypus and Tolmount developments. Our drilling programme for 2012 will include six exploration wells in the North Sea and West of Shetland as we seek to further enhance our strong reserves position.

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Offshore Energy Today Staff, January 9, 2012; Image: Dana Petroleum