Dana Gas Confirms Hiring Financial Advisors to Sell Egyptian Assets
Dana Gas confirmed that it is studying the possibility of selling its Egypt asset portfolio and has hired financial advisors accordingly.
Dana Gas | Egypt Oil & Gas - Part 7
Dana Gas confirmed that it is studying the possibility of selling its Egypt asset portfolio and has hired financial advisors accordingly.
Dana Gas is being consulted on whether to sell its $500 million offshore Merak-1 well in Egypt as no commercial discovery has been made there.
Dana Gas has announced new discoveries in Khor Mor and Chemchemal fields in the Kurdistan Region of Iraq.
Dana Gas has purchased 368,250 shares as part of the buy-back program.
Dana Gas PJSC has received around $48 million from its operations in Egypt in June 2019; of which $38 million from the Egyptian government and the remaining $10 million from selling the second El Wastani condensat ...
The new well is set to take approximately 70 days to be drilled and could add up to 4 trillion cubic feet (Tcf) of natural gas in prospective resources.
Net profits reached $35 million in the three-month period, up from $14 million in Q1 2018.
Pearl Petroleum plans to increase its investments in the Kurdistan Region of Iraq (KRI), according to Patrick Allman-Ward, Dana Gas CEO.
Dana Gas announced an increase in production by 5% in Q1 2019, reaching 68,700 barrels of oil equivalent per day.
Dana Gas received $10 million from the Egyptian government, as well as $9 million from the sales of El Wasatani field's condensates.