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Dana Gas says cash position is 'healthy'

17 June 2010

UAE-based oil explorer and producer Dana Gas has said it has enough cash, liquid investments and funding plans in place to deliver on its growth plans, Reuters has reported. "The current cash position is healthy and in excess of $185m," chief financial officer, Jim Dewar told the news service. "We are confident on our funding arrangements for 2010, based on existing cash flows and substantial progress on the farm out of 20%-30% of our Egypt assets."

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