Dana Gas PJSC News - Mubasher Info

Dana Gas is considering new discoveries at El Matareya Concession in Egypt later this year

28 July 2019 02:26 PM Dana Gas eyes new discoveries in Egypt - IR Head

By: Mahmoud Gamal Abu Dhabi – Mubasher: Dana Gas, listed on the Abu Dhabi Securities Exchange (ADX), is considering new discoveries at El Matareya Concession in Egypt later this year, the company’s head of investor relations Mohammed Mubaideen …

Corporate Actions

28 July 2019 10:43 AM Dana Gas completes operations at Merak-1 well in Egypt

Abu Dhabi – Mubasher: Dana Gas, the largest private-sector natural gas company in the Middle East, announced the completion of its drilling operations at the deepwater Merak-1 well. The well, located in 755 metres of water in the North Al Arish …

Company News

By 10:50 UAE time, the stock shed 0.93% to AED 1.06

28 July 2019 10:18 AM Dana Gas’ stock acquires 59% of ADX’s liquidity early Sunday

Abu Dhabi – Mubasher: Dana Gas’ stock, listed on the Abu Dhabi Securities Exchange (ADX), was the most heavily traded stock early Sunday. By 10:50 UAE time, the stock shed 0.93% to AED 1.06. Meanwhile, the stock has acquired 63% and 59% of the …

Companies Investments

Pearl Petroleum plans to boost its output to 650 MMscf/day in 2022

28 July 2019 09:33 AM Dana Gas unveils new oil discovery in KRI

Abu Dhabi – Mubasher: Dana Gas, listed on the Abu Dhabi Securities Exchange (ADX), revealed that its share of the proved plus probable (2P) hydrocarbon reserves at Pearl Petroleum Company’s Khor Mor and Chemchemal Fields in the Kurdistan Region of …

Companies Investments

The repurchased shares accounted for 0.0283% of the total subscribed shares

11 July 2019 04:23 PM Dana Gas buys back 1.97m shares

Abu Dhabi – Mubasher: Dana Gas, a leading gas company based in Sharjah, has repurchased 1.979 million shares as part of the buy-back programme previously approved by the UAE’s Securities and Commodities Authority (SCA) on 20 May 2019. The price of …

Corporate Actions

The price of purchase transactions stood at AED 0.949 per share

10 July 2019 10:30 AM Dana Gas extends share buyback programme

Abu Dhabi – Mubasher: Dana Gas, a leading gas company based in Sharjah, has repurchased 101,870 shares as part of the buyback programme previously approved by the UAE’s Securities and Commodities Authority (SCA) on 20 May 2019. The price of …

Trading Activities

8 July 2019 09:05 AM Dana Gas buys back 368,250 shares

Abu Dhabi – Mubasher: Dana Gas, a leading gas company based in Sharjah, has repurchased 368,250 shares as part of the buy-back programme previously approved by the UAE’s Securities and Commodities Authority (SCA) on 20 May 2019. The price of …

Corporate Actions

Dana Gas received total payments of $78 million in the first half of 2019

30 June 2019 10:30 AM Dana Gas nets $48m from Egypt in June

Abu Dhabi – Mubasher: Dana Gas, a leading gas company based in Sharjah, on Sunday announced it had received AED 177 million ($48 million) payments from its operations in Egypt in June. The payments include $38 million from the Egyptian government …

Corporate Actions

23 May 2019 01:15 PM SCA greenlights Dana Gas’ share buyback proposal

Abu Dhabi – Mubasher: UAE-based energy producer Dana Gas has received the approval of the Securities and Commodities Authority (SCA) to buy back 10% of its total shares. The Middle East’s largest regional natural gas company will repurchase a …

Corporate Actions

The Merak-1 well will be drilled with the 6th generation drillship “Tungsten Explorer”

21 May 2019 10:05 AM Dana Gas commences drilling operations at Egypt’s Merak-1 well

UAE – Mubasher: Dana Gas, a leading gas company based in Sharjah, announced it has begun drilling operations at its Egypt’s offshore Merak-1 well, one of three world-class exploration prospects in Block 6, on 20 May. The deep-water exploration …

Company News

The UAE’s SCA has shown an interest in the MSCI EM Index’s upgrades

14 May 2019 09:11 AM MSCI adds Dana Gas to EM Index, delists Damac

Dubai – Mubasher: MSCI Inc has included the UAE-based Dana Gas to its emerging-markets index (EM Index), according to MSCI’s semi-annual index review. On the other hand, the world’s largest index provider has removed the Dubai-based property …

Trading Activities

Net profit amounted to $35 million in Q1

6 May 2019 09:47 AM Dana Gas Q1 profit soars 150%

Abu Dhabi – Mubasher: Dana Gas, listed on the Abu Dhabi Securities Exchange (ADX), has reported a 150% year-on-year hike in its profits for the first quarter of 2019. Net profit amounted to $35 million (AED 128 million) in the three-month period …

Financial Results

Dana Gas will pay 5.5 fils per share to the entitled shareholders

18 April 2019 10:10 AM Dana Gas to pay AED 384m dividend for FY18, to raise capital

Abu Dhabi – Mubasher: The annual general meeting (AGM) of Dana Gas approved the board’s recommendation of distributing 5.5% of the capital as cash dividend for fiscal year 2018. Dana Gas will pay 5.5 fils per share to the entitled shareholders at …

Financial Results

14 April 2019 00:34 PM Dana Gas’ stock hits 2019 highest price in Sunday’s mid-trade

Abu Dhabi – Mubasher: Dana Gas’ stock hit the highest price in 2019 in Sunday’s mid-trade. By 01:00 pm UAE time, the stock hiked 4.45% at AED 1.01. The stock registered AED 22.710 million in turnover after 22.46 million shares were exchanged …

Trading Activities

Pearl Petroleum has no overdue receivables in the KRI as of 14 April

14 April 2019 09:07 AM Dana Gas nets AED 143m receipts from Pearl Petroleum in Q1

Abu Dhabi – Mubasher: Dana Gas, a leading Sharjah-based natural gas company, on Sunday announced that Pearl Petroleum Company Limited has received AED 411 million ($112 million) from the sale of condensate, liquefied petroleum gas (LPG), and gas …

Companies Investments

UAE-based Dana Gas is the ME’s largest regional natural gas company

10 April 2019 10:43 AM Dana Gas Q1 output rises 6% on Egypt, KRI projects

Mubasher: The production of Dana Gas has increased by 6% year-on-year to 68,700 barrels of oil equivalent (boepd) during the first quarter of 2019 from 65,000 boepd in the same period in 2018. This rise in Q1-19 output was endorsed by the …

Companies Investments

The amount consists of a $10 million payment from Egypt in Egyptian pounds

31 March 2019 09:46 AM Dana Gas receives $19m from Egypt

Abu Dhabi – Mubasher: Dana Gas on Sunday announced that it has received a payment of AED 70 million ($19 million) from its operations in Egypt. The amount consists of a $10 million payment from Egypt in Egyptian pounds and $9.0 million from the …

Macroeconomics

The buyback has slashed the size of the sukuk from $530 million to $397 million

17 March 2019 10:50 AM Dana Gas repurchases $133m sukuk

Abu Dhabi – Mubasher: Dana Gas, the Middle East’s largest regional natural gas company, on Sunday announced that it has bought back a total of $133 million sukuk of 4% Nile Delta sukuk certificates. The buyback has slashed the size of the sukuk …

Sukuk and Islamic Finance

The consortium will increase output by 250 MMscf per day by 2021

6 March 2019 03:46 PM Crescent Petroleum, Dana Gas reveal $700m Khor Mor expansion plan

Abu Dhabi – Mubasher: Pearl Petroleum, majority-owned by the UAE's Dana Gas and its affiliate Crescent, announced signing a new 20-year gas sales deal with the Kurdistan Regional Government (KRG). Under the agreement, Pearl Petroleum, whose …

Companies Investments

Revenues increased by 4% year-on-year to AED 1.7 billion ($470 million) in 2018

14 February 2019 11:43 AM Dana Gas incurs AED 681m losses in 2018

Abu Dhabi – Mubasher: Dana Gas on Thursday reported a 19% year-on-year increase in gross profits for the year ended 31 December 2018. However, excluding a loss impairment, the gas firm registered losses in the full-year 2018. Including the …

Financial Results

Dana may inject $5 billion to develop the three prospects.

13 February 2019 11:33 PM UAE Dana Gas may find another 'Zohr' gas field in Egypt

Cairo – Mubasher: Dana Gas, the Middle East’s largest regional natural gas company, is to commence drilling in an Egyptian area with 20 trillion cubic feet potential gas reserves, according to the seismic data. The drilling will begin in March or …

Companies Investments

22 January 2019 05:43 PM UAE’s Dana Gas plans $5bn investments in Egypt - CEO

Abu Dhabi – Mubasher: Dana Gas is planning to increase its investments in Egypt by around $5 billion in the coming five years to bolster its gas exploration activities, its CEO said on Tuesday. Egypt’s prime minister Mostafa Madbouly has already …

Companies Investments

Dana is seeking to repurchase $33 million sukuk for its portfolio

22 January 2019 04:22 PM Dana prioritises dividends, eyes sukuk buyback – CEO

Abu Dhabi – Mubasher: Dana Gas’ decision to distribute dividends last year was not an exceptional move, but it was a part of an ongoing strategy adopted by the board to maintain the payment of dividends, the UAE-based energy producer’s CEO said. …

Companies Investments

21 January 2019 04:06 PM Dana Gas buys back $5m sukuk; to cancel later

Abu Dhabi – Mubasher: Dana Gas on Monday announced that it had bought back sukuk worth $5 million issued by its affiliated company, Nile Delta Sukuk. The repurchased sukuk will be delivered to Bank of New York Mellon, which is the principal paying …

Banking and Finance