The yield on the 7.5 percent sukuk maturing in October 2012 fell 64 basis points today, or 0.64 percentage point, to 13.3 percent as of 6:13 p.m. in Dubai.
The reservoir, called the El Wastani formation, may hold more than 60 billion cubic feet of gas reserves, Dana Gas said in a statement yesterday, citing preliminary estimates. The previously discovered Abu Madi Formation may hold as much as 90 million cubic feet of gas reserves, it said.
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