Dana Gas comes through a bad period
Dana Gas reported 9M 2015 gross revenues and net profit of US$324M and US$10M, respectively, as compared to US$541M and US$129M in the same period of 2014. The average production in the third quarter of 2015 was 60,800 barrels of oil equivalent per day (boepd). Furthermore, because of early conversions on the convertible sukuk in early 2014, the Company saved approximately US $4 million in interest payment during 2015. Dana Gas continues to make progress on its Zora Gas Field project.
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