Dragon Oil Brings LAM A/121 On Stream

Dragon Oil says well A/121 on the Djeitun (LAM) structure, which was drilled to a depth of 4,010 meters is undergoing initial testing and the well is yielding an initial flow rate exceeding 2,900 bopd from the lower and upper zones combined. With ongoing drilling activities on the Lam A wellhead tower, full optimization the A/121 well is restricted. Testing of the individual short and long strings resulted in production rates of 2,216 bopd and 714 bopd respectively on 24/64ths chokes with no produced water. Further testing and optimization is scheduled to take place over the course of the next few weeks.

Hussain M. Sultan, Chairman and CEO of Dragon Oil, commented:
"I am pleased to announce the successful completion and initial testing of the Djeitun (LAM) A/121 development well drilled from the Djeitun (LAM) A platform. With the completion of this well, we have completed five wells this year, four development wells and one appraisal well."