Dana Completes Acquisition of Bow Valley Energy

On February 16, 2009, Dana Petroleum plc announced that it had entered into an agreement for the acquisition of Bow Valley Energy Ltd. ("Bow Valley") via a plan of arrangement under the Business Corporations Act (Alberta) (the "Arrangement").

Dana announced today the completion of the Arrangement. Under the terms of the Arrangement, Dana has acquired all of the issued and outstanding common shares of Bow Valley.