Drilling and Production Update

2 April 2013

DRAGON OIL PLC

(the "Company" or together with its subsidiaries "Dragon Oil" or the "Group")

Drilling and Production Update

Dragon Oil plc (Ticker: DGO), an international oil and gas exploration, development and production company, today publishes a quarterly update on the wells completed and tested in the first quarter of 2013.

The Dzheitune (Lam) 28/178 well was completed as a single producer to a depth of 2,010 metres and tested in February 2013. The well tested at an initial production rate of 1,653 barrels of oil per day ("bopd"). This well is currently stabilised and producing at a rate of 2,065 bopd. The jack-up rig is currently drilling the Dzheitune (Lam) 21/180 and 21/181 development wells in a batch drilling mode.

The Dzheitune (Lam) 28/179 well was also completed as a single producer in March 2013. The depth of the well was 1,885 metres and the well tested for initial production of 1,975 bopd. This well is presently producing at a rate of 2,218 bopd. The land rig is currently drilling the Dzheitune (Lam) 28/182 well.

The average field production for 1Q 2013 was 71,800 bopd (1Q 2012: 70,600 bopd). The average production for March 2013 was 74,000 (March 2012: 72,000 bopd) with the quarter's exit rate at approximately 76,400 bopd. The final production figures for the quarter will be published in the Interim Management Statement due to be released on 23 April 2013.

We reiterate our guidance for the growth rate for the full year 2013 to be at the lower end of the medium-term growth rate of 10% to 15%.

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Dragon Oil plc (+44 (0)20 7647 7804)

Anna Gavrilova

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Martin Jackson

About Dragon Oil

Dragon Oil plc is an international oil and gas exploration, 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.

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).

www.dragonoil.com

Disclaimer

This news release may contain forward-looking statements concerning the financial condition and results of operations of Dragon Oil. Forward-looking statements are statements of future expectations that are based on management's current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. No assurances can be given as to future results, levels of activity and achievements and actual results, levels of activity and achievements may differ materially from those expressed or implied by any forward-looking statements contained in this report. Dragon Oil does not undertake any obligation to update publicly or revise any forward-looking statement as a result of new information, future events or other information.