Annual Report 2008

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Highlights

Impressive Performance

28%

increase in Gross Production

Gross Production (million barrels)

21%

increase in Earnings per share

Increase in Earnings per share (US Cents)

18%

in Revenue

Revenue (US$)

Growing Production

  • Average daily rate of production reached 40,992 barrels of oil per day (“bopd”) compared to 31,997 bopd in 2007 (a growth of 28%)
  • Exit production of 45,600 bopd achieved at the end of 2008 (2007: 40,048 bopd)
  • Dragon Oil’s Rig 40 spud its first well in January 2009