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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Dana Petroleum - Broker price target: 335p

July 2004

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

In its latest 56 page Oil & Gas sector review, broker, Teather & Greenwood, has issued a strong buy recommendation on Dana with a 335p price target.  The broker notes that Dana's exploration plansfor this year could add an additional 100p to the current price.  We think that could be too conservative, with Dana's forthcoming exploration program in Mauritania having the potential to add an extra 300m barrels of oil equivalent.   The shares have now moved up nicely from last month's main recommendation price of 259p.   Keep buying. ...

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