Dana Petroleum is pleased to announce that the Faucon-1 exploration well, currently being drilled in Block 1 offshore Mauritania, has encountered hydrocarbon bearing sandstones within the main Cretaceous age target horizon. Drilling has been temporarily suspended at 3,536 m while a full suite of wireline logs, formation pressures, fluid samples and core samples are obtained. Thereafter, it is the intention to deepen the well by up to a further 700 m in order to fully explore the Cretaceous section. A further announcement will be made in due course, regarding hydrocarbon type encountered and the likely size of the discovery, once all the data gathered from the well has been recovered and fully evaluated.
6 December 2005
For further information please contact:
Dana Petroleum Plc Tom Cross, Chief Executive 01224 652 400 Andy Bostock, Technical Director 01224 652 400
College Hill Associates Nick Elwes / Ben Brewerton 020 7457 2020
HDR Price at posting:
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