Dana Gas CEO on Earnings, European Energy Crunch

The transcript discusses the importance of focusing on production and cost control in the oil and gas industry, highlighting significant production increases in the Kurdistan region. It addresses geopolitical risks affecting natural gas prices, particularly the impact of the Russia-Ukraine situation and European policy decisions. The potential halting of Nord Stream 2 is examined, along with its market implications. Funding strategies for expansion in Kurdistan are outlined, and the outlook for oil prices is considered, noting potential volatility due to geopolitical factors and US shale production.

What is the primary focus for the company to manage external challenges?

• Increasing oil prices

• Focusing on production and cost control

• Expanding into new markets

• Reducing workforce

Where is the company expecting significant production growth?

• Egypt

• Kurdistan region of Iraq

• North Africa

• Asia Pacific

What is one of the major factors affecting natural gas prices?

• Technological advancements

• Geopolitical risks

• Weather conditions

• Consumer demand

What could be a consequence of halting Nord Stream 2?

• Stability in energy markets

• Immediate price impact due to market panic

• Increase in gas supply

• Decrease in oil prices

What is the current status of the company's expansion plans in Kurdistan?

• Partially funded

• Fully funded

• Not funded

• Dependent on future investments

What is a potential outcome if oil prices reach triple digits?

• Increased consumer demand

• Stability in the market

• Crimping of demand

• Decrease in production

What is a key risk factor for oil price volatility?

• US shale production

• European Union policies

• Middle East conflicts

• Asian market demand