DANA PETROLEUM: DRILLING FOR 1 BILLION BARRELS OF OIL

FWIW today's IC has a full page sell rec on DNX. Nothing new in their analysis - just the same argument as Bridgewells - viz 2 out of 4 of the potential high-impact wells have been commercial failures, so a lot now rides on Kenya.

Whilst this is true, my view is that a technical success [or ideally a commercial success] in Kenya will make a big difference to the attractiveness of DNX.....and I'd personally be inclined to view a dip as a buying opportunity as I think DNX still would remain an attractively priced target for a bidder.

ee