Dragon Oil PLC DGO Drilling Update

  Dragon Oil PLC (DGO) - Drilling Update

RNS Number : 7122Q
Dragon Oil PLC
09 November 2012




9 November 2012



                                DRAGON OIL PLC

(the "Company" or together with its subsidiaries "Dragon Oil" or the "Group")

                               Drilling Update

       Dzheitune (Lam) A/176 well tested at initial rate of 1,462 bopd

Dragon Oil  plc  (Ticker: DGO),  an  international oil  and  gas  exploration, 
development and production company, today publishes the results of  successful 
completion and initial testing for the Dzheitune (Lam) A/176 development well.

The Dzheitune (Lam) A/176 well was completed  as a single producer to a  depth 
of 1,786  metres. The  well tested  at  an initial  production rate  of  1,462 
barrels of oil per  day; deeper sections  will be targeted  when this well  is 
deepened in the  future. The jack-up  rig has moved  to the next  slot and  is 
currently drilling the Dzheitune (Lam) A/177 development well.

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For further information please contact:

Investor and analyst enquiries

Dragon Oil plc (+44 (0)20 7647 7804)

Anna Gavrilova

Media enquiries

Citigate Dewe Rogerson (+44 (0)20 7638 9571)

Martin Jackson

About Dragon Oil

Dragon Oil plc is  an international oil and  gas exploration, development  and 
production company, quoted  on the  London and Irish  Stock exchanges  (Ticker 
symbol: DGO). Its principal producing asset is in the Cheleken Contract  Area, 
in the eastern section of the Caspian Sea, offshore Turkmenistan.

Dragon Oil (Turkmenistan) Ltd., a wholly  owned subsidiary of Dragon Oil  plc, 
holds 100% interest in and is the operator of the Production Sharing Agreement
for the Cheleken Contract Area. The operational focus is on the re-development
of two oil-producing fields, Dzheitune (Lam) and Dzhygalybeg (Zhdanov).

www.dragonoil.com

Disclaimer

This news  release  may  contain  forward-looking  statements  concerning  the 
financial condition and results of  operations of Dragon Oil.  Forward-looking 
statements  are  statements   of  future  expectations   that  are  based   on 
management's current  expectations  and  assumptions  and  involve  known  and 
unknown risks and uncertainties that  could cause actual results,  performance 
or events  to differ  materially  from those  expressed  or implied  in  these 
statements. No  assurances  can be  given  as  to future  results,  levels  of 
activity  and  achievements  and  actual  results,  levels  of  activity   and 
achievements may  differ materially  from those  expressed or  implied by  any 
forward-looking statements  contained  in this  report.  Dragon Oil  does  not 
undertake any  obligation to  update publicly  or revise  any  forward-looking 
statement as a result of new information, future events or other information.

                     This information is provided by RNS
           The company news service from the London Stock Exchange

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DRLEAXFPEAXAFFF -0- Nov/09/2012 07:00 GMT