Chief Executive Officer's Statement
On track to complete a total of eight wells during 2009;
During the first six months of 2009, the oil industry faced a challenging market environment due to the weak global economy and volatile oil prices. However, with almost ten years experience of operating in the Cheleken Contract Area under the Production Sharing Agreement ("PSA"), Dragon Oil has accumulated significant knowledge of the fields and expertise that make us confident in our field development strategy.
continue reading...
Outlook for 2009
On track to complete a total of eight wells during 2009;
Production growth for 2009 is likely to be below 15%; we maintain our target of annual gross field production growth of up to 15% on average for 2009-11;
continue reading...