Dana, production growth a certainty

I agree Wan Dana is very low risk at 10p and only moderate risk (long term) at 17p. Dana needs to shake off the trading range mentality by better newsflow management (from our point of view at least) We should also remind ourselves that Danas price (even at 10p) did better than the Ft100 in 2002.

I think we will see the 17p again. If Wan is right the forthcoming production news should be perceived as adding to profits significantly and short term rise from here should be achieveable. If the news is slow coming though we may see briks 11p. Whitie's 9p is unlikly to be seen as long as Danas production figures are in line with expectations and the oil price holds up above $25.00 a barrel.

I don't expect much to happen to the price now .25 either way off the spread until the news is released.

Barbara figures are crucial.

All the best