Dragon Oil Wraps Up Ops at Dzheitune Well

Dragon Oil announced the completion and initial testing of the Dzheitune (Lam) 28/156 development well. The Dzheitune (Lam) 28/156 well reached a depth of 2,000 meters and was completed as a single producer by the NIS rig. The initial test result from the well was 3,038 barrels of oil per day ("bopd"). The NIS rig has skidded to the next slot to spud the Dzheitune (Lam) 28/158 well shortly. The Iran Khazar rig is currently drilling the Dzheitune (Lam) B/157 well.

Dr. Abdul Jaleel Al Khalifa, Chief Executive Officer, commented, "I am pleased to report the successful completion and initial testing of the Dzheitune (Lam) 28/156 development well, the fifth well to have been completed within the 2011 drilling program. We continue to optimize well locations to ensure good potential while accessing different areas of the reservoir."


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