Oil and gas firm Dana Petroleum today said it achieved a 30 per cent rise in pre-tax profit to £18.87 million sterling for the six-month period to June.
The company said turnover was up 32 per cent to £48.7 million while operating profits rose 35 per cent to £20.2 million compared with the same period last year.
The company said it has reached agreement with Woodside to exchange interests in Mauritania, Ghana and Kenya and will also acquire new licences off the South Australian coast.
Chairman Mr Charles Smith said that next year Dana will be producing from 10 fields with four more moving towards development.
