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

'Chief executive Tom Cross said: "We have two more deals in the pipeline. It’s production in the North Sea being exchanged for international exploration acreage."

'He added: "We got nine exploration blocks in the North Sea in the last licensing round. That gives us, in total, about 50 blocks. In our international prospects we have the equivalent of about 600 North Sea blocks spread across west Africa, east Africa and Australia. What we’re doing is trading that potential upside for cashflow in the near term."'

Did Dana get any North sea licences in the last (22nd) round? This surely refers to the 21st round, where Dana DID get nine blocks. Its failure to get (apply for?) any in the 22nd round was the subject of comment here previously.