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Dana Petroleum PLC (DNX)

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Tuesday 27 July, 2004

Dana Petroleum PLC

Acquisition of Interests

Dana Petroleum PLC
27 July 2004



                               DANA PETROLEUM plc
                                    ("Dana")


        Dana Increases Interests in 'Barbara' Area of Central North Sea


Dana is pleased to announce completion of the purchase from Amerada Hess Limited
of an additional 53% interest in the Barbara gas-condensate field and
surrounding area for a cash consideration of US$7.5 million.  This acquisition
of further interests in North Sea Blocks 23/11, 23/16c, 23/16d and 23/17a
increases Dana's current 27% interest in this area to a total of 80%.  Dana has
also been approved by the DTI and partner ENI UK Limited as Operator of the
relevant licences.

Dana and its coventurers discovered the Barbara field in 2002 with the 23/16c-8
exploration well, which encountered a total of over 270 feet of excellent
quality Forties sandstone reservoir, full to the base of the sand with rich
gas-condensate.  Barbara is located within tie-back distance of both the Everest
and ETAP production and export infrastructure systems thus providing future
development options for the field.  Dana's current estimates of most-likely
recoverable reserves from the Barbara field are around 120 billion cubic feet of
gas and four million barrels of associated hydrocarbon liquids.  However, since
a hydrocarbon-water contact was not encountered in the discovery well, there is
the possibility of additional upside reserves in this area.  As the new
Operator, Dana will therefore be focusing its efforts on determining the optimum
location for appraisal drilling, currently scheduled for 2005.


                                                                    27 July 2004


For further information please contact:


Tom Cross                    Chief Executive                       01224 652 400
Andy Bostock                 Technical Director                    01224 652 400
James Henderson              College Hill Associates               020 7457 2020



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