Dana Gas PJSC, the United Arab Emirates-based explorer and producer, was rated ‘"buy’’ in new coverage at HC with a price estimate of 1.43 dirhams.

Sharjah-based Dana Gas PJSC has announced a 27 per cent increase in its production rate in 2009 from Egypt operations, compared to 2008 that reached 40,000 barrels of oil and gas per day, the company said. Overall, Dana Gas Egypt has delivered an average

UAE-based Dana Gas said on Tuesday it hit its target in Egypt by achieving a production rate in excess of 40,000 barrels of oil and gas per day for 2009, an increase of 27 per cent on the previous year. The news drove shares as much as 6.3 per cent