RAK Petroleum Announces Second Quarter 2011 Profit, Progress on Multi-well Drilling Campaign and Merger Preparations

DUBAI, 28 August 2011--RAK Petroleum Public Company Limited, the oil and gas exploration and production company, today announced a net profit of AED 48.4 million (unaudited) for the quarter ended 30 June 2011 on turnover of AED 118.9 million, after equity accounting for its share of the profit reported by associate company DNO International ASA in which RAK Petroleum owns a 30 percent stake.  On a stand-alone basis, RAK Petroleum recorded an operating profit of AED 4.6 million.