Dana moves on drilling

DANA Exploration, the oil production company listed on the Irish exploration market, has completed the first phase of its drilling…

DANA Exploration, the oil production company listed on the Irish exploration market, has completed the first phase of its drilling programme in western Siberia. The wells, on its South Vat Yoganskoye oil field, will now be perforated, flow tested and tied into the main export, it said yesterday. Dana chief executive Mr Tom Cross said the drilling had confirmed the geology of the centre of the field and it might be appropriate to upgrade proven oil reserves.

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