DANA PETROLEUM: DRILLING FOR 1 BILLION BARRELS OF OIL

From DNX's progress and steady rise on Thursday to an all time high close in the face of sector weakness and yesterday's continued rise again with the oil majors weakness against the backcloth of a $2 drop in crude, it would seem that there will be a further propitious announcement regarding Faucon-1 ahead, perhaps of the weekly update which is due on Tuesday. It may also be possible that the test and logging data will prove the drilling of a major find. The major turn round on level 2 of TLW (20% share) and the 6.5p quick rise would also seem to suggest imminent news.