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Re: COBFIRE post# 101

Monday, 09/17/2012 9:00:13 PM

Monday, September 17, 2012 9:00:13 PM

Post# of 227
Dana Gas has a 50% working interest in the Komombo Concession which is jointly operated with Sea Dragon Energy. The 11,500km2 Concession is in Upper Egypt about 1000km south of Cairo.
In 2007 Dana Gas Egypt discovered the Al Baraka field on the Concession. Three development wells were drilled on the field in 2008 and 2009, which was followed by an eight well development programme in 2010. Production from three productive zones, Abu Ballas, Six Hills E and F, reached 1000 bopd, (500 bopd net to Dana Gas) at the end of 2010.
Further development of the field involves a continued development drilling programme and hydraulic fracturing of the wells, to enhance their productivity and increase recovery of oil from the reservoir.

There is considerable exploration potential on the Komombo Concession and detailed work has been carried out including the acquisition and interpretation of 477 km of new 2D Seismic. Based on the seismic interpretation, new mapping for the Komombo area has been developed with potentially drillable prospects being generated.

http://www.danagas.com/en/project/operations/egypt/komombo-1.html

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