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")
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)
Citigate Dewe Rogerson (+44 (0)20 7638 9571)
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).
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
DRLEAXFPEAXAFFF -0- Nov/09/2012 07:00 GMT
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