Here's some HDR relevant extracts from Dana's just released Interim Half Year to June 30 Results:
International:
Following encouragement from the electromagnetic surveys conducted offshore Mauritania earlier in 2005 in Block 1 (Dana 60%), an exploration well to test the Faucon prospect will be drilled in the fourth quarter. This prospect, which has the potential to contain over one billion barrels of oil in place, is an important one for the region. Technical data gathered from this well will strongly influence the pace and direction of exploration not only in Block 1 but also in the Senegalese St. Louis Block (Dana 30%) directly to the south and Block 2 (Dana 6.25%) directly to the north.
In Northern Mauritania, the 3D seismic surveys acquired in Block 7 (Dana 63.85%) and Block 8 (Dana 41.5%) have now been processed and are under interpretation with a view to exploration drilling in both blocks in 2006. The Company is also considering appraisal and development options for its large Pelican gas discovery in Block 7 and the neighbouring structures.
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Nice to see that Pelican and neighbouring structures are under consideration for appraisal and dvelopment.
Cheers
H
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