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Dana Incorporated (NYSE:DAN) shares traded higher on Friday after the company disclosed FY24 preliminary results, FY25 outlook and provided a business update. FY24 Preliminary Results: The company ...
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During 2008–2009, Dana Gas discovered the Sondos-1 and 2 dry gas wells, the Azhar-1 gas/condensate well, and the Tulip-1 gas well. The production test for the latter, located in the West Al Qantara Concession, yielded 11.4 million cubic feet per day (320 thousand cubic metres per day) and 318 barrels (50.6 m 3 ) of condensate per day. [ 26 ]
Dana Petroleum Limited [2] is an oil and gas exploration and production company based in Aberdeen, Scotland. Its activities are focused on the North Sea , Africa and The Middle East . It is a subsidiary of the Korea National Oil Corporation and is a former constituent of the FTSE 250 Index .
In 2006, Dana filed for bankruptcy. [7] In 2007, Dana canceled 150 million shares of stock during their bankruptcy. [8] In 2018, Dana announced that it was buying a majority stake in TM4 Inc., [9] a company specialized in electric powertrains, for C$165 million (US$127 million). In 2019, Dana acquired privately held SME Group (Italy). [10]
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