Dana Makes Discovery at Melville Prospect in UK North Sea

Dana Petroleum reports that the 210/24a-10 exploration well drilled to test for the presence of hydrocarbons in the Melville prospect, close to the Hudson oil field in the Northern North Sea, has discovered oil. The well was drilled with the GSF 140. Dana's preliminary analysis of wireline logs and reservoir pressure data indicates approximately 100 feet of gross oil column within the Brent sandstone formation.

The full suite of technical data gathered from the well will now be analyzed in detail and integrated into subsurface models to determine the quantities of recoverable oil and gas found and the possible development options. A tie-back of Melville through the Dana operated Hudson subsea infrastructure, located some 6km to the north, is currently considered by Dana to be the most likely development scenario.

The participants in the Melville oil discovery are Dana 26.6%, Amerada Hess (operator) 38.2% and CIECO 35.2%.

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