Company Profile For Dragon Oil PLC

Dragon Oil plc is an independent oil development and production company. The Company, along with its subsidiaries, is engaged in upstream oil and gas exploration, development and production activities primarily in Turkmenistan. The Company operates oilfields located in the Cheleken Contract Area offshore Turkmenistan, in the Caspian Sea. The Company’s subsidiaries include Dragon Oil (Turkmenistan) Ltd., D&M Drilling Ltd., Dragon (Holdings) Ltd. and Dragon Resources (Holdings) Plc. During the year ended December 31, 2008, the Company’s average daily rate of production was 40,992 barrels of oil per day (bopd).

BRIEF: For the six months ended 30 June 2009, Dragon Oil plc's revenues decrease 29% to $263.5M. Net income decreased 37% to $105M. Revenues reflect a decrease in business due to lower realised oil prices. Net income also reflects an increase in cost of sales, a decrease in gross margins, higher administrative costs amd lower opearting margins. Dragon Oil plc is anindependent oil development and production Company.