A good quarterly jump
In the first quarter of 2017, Dana Gas’s Net profit rose by 83% to US$11m from US$6m a year earlier. Q1 2017 revenue climbed by 44% to US$118m. Overall, the group’s production was 69,900 boepd, 16% higher than Q1 2016. Average realised prices in Q1 were US$42 per boe, versus US$30 per boe in Q1 2016. In the first quarter of 2017, collections in Egypt were US$13m, representing 42% of total billings.
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