Tuesday, April 17, 2007

UPDATE 1-Dana Petroleum makes strategic purchase in Egypt

(Reuters) - Dana said on Wednesday that the deal comprises interests in eight production sharing contracts with 13 producing fields, adding around 12,500 barrels of oil per day to Dana's output.

"This deal will deliver a significant reserves and production growth step for Dana and strategically, the acquisition fits closely with our previous Egyptian transactions," Chief Executive Tom Cross said in a statement.


Read more at Reuters.com Mergers News

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