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

I believe the most significant part of the CEO's statement is where he points out that
a, Block 7 is 69 times the size of a North Sea block.

b. Encountering such a decent gas show with the first well is at best pretty good going and at worst fortuitous.

A number of city pundits are saying that the oil sector underperformed in 2003 and expect that situation to be corrected upwards in 2004. A good find by the time of the results will reinforce DNX potential to move much higher this year.