Patrick Allman-Ward
Patrick Allman-Ward,CEO,Dana Gas
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Dana Gas reported a 41% increase in its Q1 2021 net profit compared to the same period last year, at $24 million, thanks to higher production from the Kurdistan Region of Iraq and lower borrowings in the quarter. The company is also resuming its plan to expand the Khor Mor field with Crescent Petroleum through the Pearl Petroleum consortium. With additional investments of $600 million, the consortium plans to boost production by 57%, from 440 million cubic feet per day to 690 mscfd per day.
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