Annual Financial Report

Dragon Oil plc

Document Availability

Dragon Oil plc, an international oil and gas exploration and production company, is pleased to announce that it has issued its Annual Report, AGM Notice, Proxy Form and Communication Card to its shareholders. These documents are now available for downloading on the Company's website www.dragonoil.com.

A copy of the above documents which will be issued by Dragon Oil plc will also be submitted to the Irish Stock Exchange and the UK Listing Authority, and will shortly be available for inspection at the following locations:

1. Company Announcements Office,

Irish Stock Exchange,

28 Anglesea Street,

Dublin 2,

Ireland.

Tel: + 353 1 6174200

2. Document Viewing Facility, UKLA,

Financial Services Authority,

25 The North Colonnade,

Canary Wharf,

London E14 5HS,

United Kingdom.

Tel: + 44 207 066 1000

The Annual Report is also available to view directly via the Regulatory News Service by clicking on the link below:

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For further information please contact:

Media enquiries:

Citigate Dewe Rogerson(+44 20 7638 9571)

Martin Jackson

George Cazenove

Investor and analyst enquiries:

Dragon Oil plc (+ 44 20 7647 7804)

Sally Marshak, Investor Relations

About Dragon Oil

Dragon Oil plc is an innovative international oil and gas development and production company, quoted on the London and Irish Stock exchanges (Ticker symbol: DGO). Its principal producing asset is in the Cheleken Contract Area, in the eastern section of the Caspian Sea, offshore Turkmenistan. The Company acquired interests in Blocks 35, 49 and R2 (10%) in the Republic of Yemen in December 2007.

Dragon Oil (Turkmenistan) Ltd., a wholly owned subsidiary of Dragon Oil plc, holds 100% interest in and is the operator of the Production Sharing Agreement for the Cheleken Contract Area. The operational focus is on the re-development of two oil producing fields, Dzheitune (Lam) and Dzhygalybeg (Zhdanov).