RAK Petroleum announces First Quarter 2011 profit

DUBAI, 16 May 2011--RAK Petroleum Public Company Limited, the oil and gas exploration and production company, today announced net operating profits of AED 19 million (unaudited) for the quarter ended 31 March 2011 on turnover of AED 63 million.   After equity accounting for its share of the loss reported by associate company DNO International ASA in which RAK Petroleum owns 30 percent, net earnings for the quarter were AED 5.9 million.