HYPER DYNAMICS HAS SIGNED a binding sale and purchase agreement (S&PA) with Aberdeen-based Dana Petroleum under which Dana has agreed to acquire, through its subsidiary, Dana Petroleum (E&P) Limited, a 23 per cent participating interest in Hyperdynamics oil and gas concession offshore the Republic of Guinea.

US INDEPENDENT APACHE has said that its recent WKAL-A-2X discovery, in Egypt, tested at 5085 barrels of oil and 130 mmcfd of gas

DANA GAS, THE Middle Easts first and largest regional private sector natural gas company, announced that the Al Baraka-4 well, drilled as an appraisal of the Al Baraka field in the Komombo Concession in southern Egypt, has discovered a new pool in the Six Hills "E" reservoir.