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Dana Petroleum, earning per share growth and prospective PE range 4 -6.5

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bomfin - Mon, 29 Dec 03 :

George,
It does sound encouraging but how the market will respond is anyone's guess. I'd say it's good for Dana's Mauritania acreage but it's early to know. I can't paste from the pdf file(dont' know why) but there's mention of thin sands, some good oil shows. Crest of a big structure may be wet gas, may be thicker oil sands. Just a preliminary announcement. Lot's of thin sands within 300 metres(which is big) some 5-10 metres thick and good quality within the 300 metres.
No doubt someon will paste in full later.

regards bomfin


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