Finance Monthly CFO Awards Winners Edition

Finance Monthly CFO Awards 2020 www.finance-monthly.com 75 CFO of Dana Gas CHRIS HEARNE ABOUT DANA GAS Established in 2005, Dana Gas is the first and largest private sector natural gas company in the Middle East and is listed on the Abu Dhabi Securities Exchange. We have exploration and production, as well as processing and transportation assets in the Kurdistan Region of Iraq (KRI) and Egypt. In the KRI, Dana Gas is engaged in and has interests in upstream, midstream and downstream activities, including the exploration, production and processing of natural gas, gas transmission and the sale of petroleum products. In Egypt, we have high-quality gas assets and our principal operations are focused on developing and producing from 15 fields in the onshore Nile Delta. We are also have potentially three independent prospects with resource potential in the Eastern Mediterranean basin offshore. We are a financially disciplined company focused on profitable growth by efficiently operating our assets and balancing capital expenditures with cash flow from operations and revenue collection from our customers. Our robust portfolio of assets holds significant upside from potential new developments and discovery of new fields as well as current production. The Company has 2P reserves exceeding 1 billion barrels of oil equivalent and group production averaging over 66,200 boepd in 2019. Our vision To be the leading private sector natural gas company in the Middle East, North Africa and South Asia region (MENASA) generating value for our stakeholders. Our strategy Focus on sustainable growth in the MENASA region across the natural gas value chain. Leverage strategic relationships to maintain competitive advantage. Continuously enhance our technical and commercial skills to develop and operate assets safely and efficiently. Our values We set and apply the highest standards of conduct and accountability. We respect and value everyone and embrace diversity. We aim to provide a safe, healthy and environmentally friendly workplace for our employees and business partners and to minimise any adverse effects of our operations on communities and the environment. UAE GAS PROJECT The UAE Gas Project involves the purchase of 600 MMscf/d imported gas for transportation, processing and sale in the UAE. Gas is received at the offshore riser platform, connected to the Mubarak oil field infrastructure and then transported via a 30” pipeline to the SajGas processing plant in Sharjah, where the gas is processed to sweeten it (remove the sulphur) and to extract natural gas liquids (condensate) for sales within the UAE. The offshore riser platform and pipeline are owned by the United Gas Transmission Company, which is wholly owned by Dana Gas as is the SajGas processing plant. www.danagas.com ABOUT CHRIS HEARNE Chris Hearne is the Chief Financial Officer (CFO) of Dana Gas. He joined the Company in early 2016. Previously, Mr. Hearne was with Serica Energy plc, an international oil exploration and production company listed on the AIM market in London, where he served as CFO and Director from 2005. Mr. Hearne has over 20 years’ experience within the oil industry having been CFO and Senior Vice President of Erin Energy, a NYSE listed company with oil assets across Africa, and with Intrepid Energy North Sea Limited. Mr. Hearne was originally an investment banker and has extensive experience of corporate finance transactions, including capital markets and M&A. He spent 10 years with Lehman Brothers International and Robert Fleming & Co. UAE Finance Monthly CFO Awards 2020