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Additional Information

Market:	AIM
Sector:	Oil and Gas Exploration and Production
EPIC:	DPL

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Dominion Petroleum Full Dominion Petroleum profile here

Dominion is dedicated to exploration for new oil and gas reserves in East and Central Africa. Dominion is the second largest net acreage holder in the Albertine Rift Basin in Uganda and the Democratic Republic of Congo where it operates two exploration licences. This basin has seen nearly thirty oil discoveries over the past three years and has emerged as the premier new oil exploration province in the region. Dominion’s net unrisked recoverable resources in Uganda (PDF) have been independently estimated at 359 Million barrels of oil (64 Million barrels risked).

Dominion Petroleum appoints former COO and CEO of current ENI subsidiary as non-exec

Friday, December 18, 2009

Dominion Petroleum (AIM: DPL) has strengthened the foundation of what it hopes will become a successful independent oil and gas company by appointing former COO (Chief Operating Officer) and CEO (Chief Executive Officer) of Monument and Burren Energy, which was sold to Italian energy giant ENI last year.

Gupta has also worked for Charterhouse Petroleum and Petrofina, and has 25 years of experience in the international upstream oil and gas business under his belt.

The company is currently going through a transitional period, embarking on a period of intense operational activities, having planned to drill five exploration wells, complete seismic surveys in Democratic Republic of Congo Block 5 where it has a 100 percent working interest, add exploration acreage in and around East and Central Africa and seek farm-in and farm-out arrangements, the acquisition of production or appraisal assets and asset swaps to manage exploration risk.

Dominion is also set to undertake a drilling programme in Uganda, where it has identified 4 prospects and 11 leads in Block EA4B, set to start early next year.

“I am very pleased to have Atul join us as his experience in projects such as the development of the M'Boundi field in the Republic of Congo, as well as in building a successful independent oil and gas company, will be of considerable value to Dominion at such a pivotal time. I am sure that the whole of the new Dominion team will appreciate his knowledge, support and advice going forward,” said Chief Executive Officer of Dominion Andrew Cochran, who was appointed last month.

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