Egypt is a hot postcode right now,” Patrick Allman-Ward, CEO of UAE-based Dana Gas told reporters at the World Energy Congress (WEC) in September. Dana is on the lookout for potential buyers for its Egyptian acreage which it put up for sale in July in the hope of raising $500mn (MEES, 2 August). “If there is a time to start doing some portfolio management, now is a very good time to do it,” Mr Allman-Ward says.

Why Dana would want to put all its eggs in the KRG basket is...