Dana Gas Repurchases 368,250 Shares
Dana Gas has purchased 368,250 shares as part of the buy-back program.
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 andĀ 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.
Dana Gas expects to generate a financial impact in Iraqi Kurdistan through its latest gas sales agreements with the KRG.
Vantage's Tungsten Explorer drillship will be responsible for drilling a firm well, with an option to drill three more wells. The drilling program is planned to be completed in 77 days.
A consortium led by Dana Gas and Crescent Petroleum has inked a gas sales deal with KRG to increase gas output by 63% in two years.