Dana Gas is confident that new gas output from its Egypt acreage will more than offset natural declines in coming years, and that its receivables bill will finally be wiped out before the end of the decade.
The firm says “production decline in Egypt followed a steady and predictable downward curve associated with field decline. This was partially reversed when Balsam field production and well completions were brought onstream in Q4 2015.” (CONTINUED - 565 WORDS)
