• Dana Gas PJSC was incorporated in the Emirate of Sharjah, United Arab Emirates, with a share capital of AED 6 billion, as a Public Joint Stock Company on 20 November 2005.
• Crescent is a Founder Shareholder in Dana Gas and currently owns 21%of the Company.
• Dana Gas currently owns and operates assets in Egypt, the UAE and the Kurdistan Region of Iraq.
• Dana Gas’s strategy involves maximizing the value of its existing oil and gas assets and projects while pursuing aggressive growth through a strategy of targeted acquisitions and new business development across the gas value chain.

Crescent Petroleum has been instrumental in establishing Dana Gas PJSC which is the first major private sector natural gas resource enterprise to be established in the Gulf Region. Dana Gas is engaged in the business of the ownership, transportation, processing, distribution, marketing and sale of natural gas and petroleum related products, including the development of gas related projects and services. It is a publicly-traded company listed at the Abu Dhabi Stock Market (ADSM), with a very wide shareholding from the countries of the Gulf Cooperation Council (GCC) and from many other countries. Dana Gas has around 250,000 investors from over 100 nationalities worldwide. Crescent Petroleum, as the leading Founder Shareholder, owns 21% of Dana Gas whilst the remaining Founders of the company comprise over 300 reputable names from across the GCC region, including financial institutions, government investment arms, members of ruling families, family business groups, and established companies.

The formation of Dana Gas PJSC and its subsidiaries SajGas and UGTC was initiated by Crescent Petroleum, which played the key pivotal role in project conceptualization, formation, governmental and regulatory approvals, financial structuring, construction management and other related areas. A key success was the initial public offering (IPO), which was tremendously successful with applications from over 100 nationalities attracting US$ 78 billion in just two weeks, setting a world record of IPO oversubscription. Dana Gas PJSC was incorporated in the Emirate of Sharjah, United Arab Emirates as a Public Joint Stock Company on 20 November 2005, with a share capital of AED 6 billion, pursuant to an incorporation decree issued by the Ministry of Economy and Planning.

The Dana Gas Board of Directors comprises leading personalities from the private and state sector representing all the countries of the GCC, including energy industry professionals and former government officials. Additionally, the Dana Gas International Advisory Board (IAB) meets twice a year to provide advice and support on international relationships. The IAB comprises world renowned personalities from the petroleum sector.

Since its formation, Dana Gas has quickly established itself as the leading publicly listed natural gas company in the Region and its reputation and brand are being increasingly recognised for their excellence. From its headquarters in Sharjah, Dana Gas continues to play a key strategic role in enhancing the economic value of the MENASA region’s natural gas business to the benefits of its stakeholders by utilizing a combination of technical and commercial skills, backed by its financial strength, private sector status and strong network of regional relationships.

Dana Gas’ current operational footprint is as follows:

Egypt
Dana Gas Egypt
Dana Gas Egypt is 100% operator of two Exploration Concessions and twelve Development Leases in the Nile Delta and is a 50% joint operator of one Exploration Concession and one Development Lease in Upper Egypt.

Gulf of Suez Gas Liquids Extraction Plant
Dana Gas is spearheading the development and holds a 26.4% interest in an LPG recovery plant which is due to come on stream in Q2 2012.

UAE
Sharjah Offshore Concession
Dana Gas is the 100% operator of the Sharjah Offshore Concession where the development of the Zora Gas Field is underway. The field straddles both Sharjah and Ajman waters. The Concession also includes an exploration program where studies are in progress.

Iraq
Kurdistan Region
In the Kurdistan Region of Iraq, Dana Gas holds a 40% interest in the Pearl Petroleum Company Ltd (PPCL) jointly with Crescent Petroleum (40%), OMV (10%) and MOL (10%). PPCL operates the Khor Mor Field. PPCL operates the Khor Mor field which is currently producing gas and condensates; the gas being supplied to two power stations in the region. A gas processing plant for the production of LPG started operations in 2011.