Fiddich-1 Plugged and Abandoned

Dana Petroleum reports that the Fiddich-1 well located offshore Australia in exploration permit WA-226-P, has been plugged and abandoned having encountered approximately 70m of good quality but water bearing Permian sandstone at the target horizon.

Dana was free-carried on all costs relating to the Fiddich well in accordance with the terms of the farm-out agreement agreed earlier in 2004 with Voyager Energy.

Participants in Fiddich 1 are Origin Energy as operator with 28.75%; Apache Northwest with 28.75%; Dana Petroleum (E&P) Ltd with 12.81375%; Voyager with 10%; Dana Petroleum (WA) LLC with 7.186250%; Roc Oil with 7.5%' and Wandoo Petroleum with 5%.