Dana Touts Flow Rates from Platypus Appraisal

Dana Petroleum plc announced strong results from its Platypus gas appraisal well in the Southern North Sea, which recorded a test flow rate of 27 MMscf per day on a 96/64" choke.

Well 48/1a-6 was spud on April 11, 2012 with the Ensco 80 (225' ILC) jackup drilling rig. The well reached a total measured depth of 14,175 feet on June 19 having successfully drilled a 3,100 foot horizontal section within the reservoir. A Drill Stem Test was successfully completed on July 23 and the well is being suspended for use as a future production well.

Dana's UK Managing Director, Paul Griffin said: "We are very happy with the conclusive results of this complex appraisal well. We will work with our partners to carefully analyse the data we have collected and consider development and gas export options. Dana already holds the second largest acreage in the North Sea and we will continue to invest in exploration opportunities with five wells planned in the North Sea and West of Shetland before the end of 2012."

The Dana-operated Platypus gas accumulation is located in Block 48/1a in the UK Southern North Sea. It was discovered in 2010 when the Dana-operated 48/1a-5 well encountered gas bearing Lower Leman Sandstone reservoir.

Dana holds a 59% operated interest in the Platypus well. Other partners in the venture are The Parkmead Group (15%), First Oil Expro Ltd (11%) and CalEnergy Gas Ltd (15%).


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