The company aims to expand its KRI projects and will drill its next exploration well in Egypt’s Block 6, while finalising the sale of its onshore assets in the nation
dr patrick allman-ward
Posted inDRILLING & PRODUCTION
Dana Gas signs $90 million credit facility with Mashreq Bank
The one-year facility is priced at an initial 3% per annum margin over LIBOR
Posted inDRILLING & PRODUCTION
Dana Gas reports $157 million net profit in 2019
This compares to a net loss of $186 million (AED 682 million) in 2018
Posted inDRILLING & PRODUCTION
Dana Gas posts net loss of $186mn for 2018
Impairment costs caused the company to see a net loss in 2018 despite higher revenue and gross profit figures