Dana delivers says Cross

Dana Petroleum chief executive Tom Cross says his company has delivered in the first six months of 2010 with interim profits which will beat last year’s figures and a big growth in reserves from successful drilling. In its interim results statement today Cross was very upbeat abut his company’s performance – signalling to hostile takeover bidder KNOC that Dana is worth more than the US $2.6 Bn that the Asian company has offered for the UK independent.