Dana Gas makes key senior management appointments Jan 14, 2016Dana Gas has made the following key senior management appointments. Chris Hearne was appointed as the Chief Financial Officer of the Company on
Dana Gas commences drilling campaign in Egypt Jun 8, 2015Dana Gas has commenced drilling the Balsam-2 development well in the Balsam Development lease onshore Nile delta. The Balsam-2 well
Dana Gas signs participation agreement with BP in Egypt Jun 3, 2015Dana Gas has completed an agreement with BP, whereby BP will carry Dana Gas for the drilling of a first exploration well in the El Matariya
Dana Gas achieves significant milestones in successful execution of growth plans in Egypt Feb 2, 2015Dana Gas announces a number of major milestones in the successful fulfillment of its growth strategy in Egypt. Most recently, the signing of Blocks 1 and 3 Concession Agreements in the Nile Delta provides Dana Gas with additional highly material growth opportunities in the country. This supplements a number of positive developments including the recent signing of the landmark Gas Production Enhancement
Dana Gas receives US$ 60 million from Egypt Jan 5, 2015Dana Gas has received from the Egyptian Government a payment of US$ 60 million (AED 220 million). This represents 28% of
Dana Gas signs landmark gas production enhancement agreement in Egypt Oct 1, 2014Dana Gas’ wholly-owned subsidiary, Dana Gas Egypt, has concluded a Gas Production Enhancement Agreement (GPEA) with the Egyptian Natural
Dana Gas plans for long term growth in Egypt Sep 30, 2014Dana Gas Egypt, wholly owned subsidiary of Dana Gas, has been awarded the North El Salhiya (Block 1) and El Matariya (Block 3) onshore
Dana Gas secures US$ 100 million project financing for Zora project Sep 10, 2014Dana Gas has secured, through its wholly owned subsidiary Dana Gas Explorations FZE, a US$ 100 million Term Facility for the Zora
Dana Gas achieves 12% growth in production in Q1 2014 May 16, 2014Dana Gas announced its financial results for the first quarter ended 31 March 2014. The Company reported a 67% rise in operating profits in 1Q 2014 to US$ 45 million
Dana Gas’ shows strong annual growth both financially and operationally Apr 25, 2014Dana Gas held its 8th Annual General Meeting (AGM), Chaired by the Company’s Honorary Chairman H.H.
Dana Gas upgrades El Wastani plant in Egypt to increase production by 25% Mar 4, 2014Dana Gas plans to conduct a major maintenance and tie-in work program in the El Wastani Plant. The maintenance and enhancement project will start on February 28 and requires temporary shut down for approximately
Dana Gas Signs Agreement for the North El Arish Concession in the Nile Delta Feb 19, 2014Dana Gas has signed an agreement for the North El Arish (Block 6) Concession Area, offshore the eastern Nile Delta. The 2,980 sq. km block was awarded in April 2013 as part of a competitive bidding process.
Dana Gas receives US$ 53 million from Egypt Dec 26, 2013Dana Gas has received from the Egyptian Government authorities the payment of AED 194 million (US$ 53 million) from the current total outstanding receivables of AED 1,210 million (US$ 330 million). Payment of $ 42 million has been received in US dollars and the balance in equivalent Egyptian pounds. Including this tranche, during 2013,
Dana Gas awards contract for Zora Offshore Field Nov 19, 2013Dana Gas announced that Adyard Abu Dhabi, a subsidiary of Interserve plc, has been awarded a $17 million contract for the fabrication of an offshore
Dana Gas commences arbitration proceedings at the London Court of International Arbitration Oct 23, 2013Dana Gas discloses that, along with Crescent Petroleum and the Pearl Petroleum consortium (which holds petroleum rights in the Kurdistan Region of Iraq), it has