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MickinVest - Wed, 28 Dec 05 :

Can't grumble with another near 3000 bopd I suppose.

Dragon is pleased to announce that well LAM 10/112 drilled from the refurbished
LAM 10 platform in the Cheleken Contract Area, offshore Turkmenistan, has tested
oil from Zones 4, 5 and 6 at a combined rate of 2,950 barrels of oil per day, ('
bopd').

Well LAM10/112 was spudded on 14th October 2005 and drilled to a total depth of
3,629m in reservoir Zone 7. The well was successfully completed using a dual
completion which enables two reservoir intervals, at different reservoir
pressures, to be produced simultaneously.

Reservoir Zones 5 (lower part) and 6 were produced through the lower completion
string and tested at a rate of 2,087 bopd. The upper part of reservoir Zone 5
and Zone 4 was produced through the upper completion string and tested at a rate
of 863 bopd. Both intervals will be produced together.

The Iran Khazar jack-up rig has been skidded to commence drilling the fourth
well from the LAM 10 platform, well LAM 10/113. This well is planned to be
drilled to a total depth of around 3,700 metres.

Hussain M. Sultan, Chairman of Dragon commented:

'We are pleased with the result of well LAM 10/112 which was drilled using dual
completion technology.'


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