Dragon Oil Drills Ahead at Lam Well

Dragon Oil announced the completion and initial testing of the Dzheitune (Lam) 28/158 development well. The well was completed as a single producer by the NIS rig to a depth of 1,786 meters. The initial test result from the well was 2,876 barrels of oil per day ("bopd"). The NIS rig has skidded to the next slot and is in the process of spudding the Dzheitune (Lam) 28/161 well. The Iran Khazar rig and Rig 40 are currently drilling the Dzheitune (Lam) B/159 and 13/160 wells, respectively.

Dr. Abdul Jaleel Al Khalifa, Chief Executive Officer, commented, "I am pleased to report the successful completion and initial testing of the Dzheitune (Lam) 28/158 well. The Group is currently producing at a healthy rate of above 60,000 bopd, which puts us in a comfortable position to ensure meeting our gross production growth target by the end of the year."