Oil Discovery in Norway - London Stock Exchange

Regulatory Story

Company	Dana Petroleum PLC
TIDM	DNX
Headline	Oil Discovery in Norway
Released	07:00 28-Oct-2009
Number	4751B07

RNS Number : 4751B

Dana Petroleum PLC

28 October 2009

28 October, 2009

PRESS RELEASE

DANA PETROLEUM PLC

("Dana" or "the Company")

Oil discovery at Jetta, offshore Norway

Dana is pleased to report that it has discovered oil at the Jetta prospect offshore Norway, close to the Jotun producing oil field in which Dana is a partner. The Company notes that the following press release is being issued by its partner, Det norske oljeselskap, in Norway this morning.

"Det norske has, together with operator ExxonMobil, and licence partners Dana Petroleum, Bridge Energy and Petoro discovered oil in well 25/8-17, in the Jetta prospect, south of the Jotun field.

Oil was proven, but with less reservoir thickness than expected. Data has been gathered in the reservoir zones, including pressure tests and oil samples.

The partners have decided to drill a sidetrack well to investigate if the discovery is commercial.

The well was drilled in PL 027D, but the costs are shared with PL 504 and PL 169C."

Operations on the sidetrack well have commenced.

28 October 2009

For further information please contact:

Dana Petroleum plc	Tom Cross, Chief Executive	01224 652400
	Stuart Paton, Technical & Commercial Director	01224 652400

College Hill Associates	Nick Elwes	020 7457 2020

This information is provided by RNS

The company news service from the London Stock Exchange

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