No 13



Dragon Oil Reports 2003 Crude Production At 13,217 B/D

Dragon Oil in 2003 produced 13,217b/d of crude from the Cheleken Contract Area offshore Turkmenistan, compared with 10,383 b/d in 2002 and 6,730 b/d in 2001. Of the 2003 production, 8,385 b/d were allocated to Dragon, compared to 5,778 b/d in 2002. A Dragon statement on 22 March said that profit after tax amounted to $28.8mn for the year, compared with $15.5mn in 2002, and it attributed the rise in 2003...