Sunday 5 September 2010

Dana Discovers Gas Well in Egypt With Up to 90 Billion Cubic Feet Reserves - Bloomberg

Dana Gas PJSC, a United Arab Emirates energy company, said it made a gas discovery in the Nile Delta, Egypt, the company’s fourth this year.

The preliminary reserves estimate for the South Abu El Naga-1 ST, the West El Manzala Concession, is in the range of 50 billion to 90 billion standard cubic feet of gas, with 1 million to 2 million barrels of associated condensate, Dana said in a statement to the Abu Dhabi bourse today.

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