Exploration company Dragon Oil says it has started a drilling programme in Turkmenistan which is expected to lead to an increase in its oil output.
Dragon is drilling in the Cheleken Block in the eastern Caspian Sea, where it says proven reserves of about 600 million barrels of oil and 2.2 trillion standard cubic feet of gas have been independently certified.
Chief executive Ian Baron says the expected rise in oil output will have positive implications for Dragon's future cash flow and earnings potential.
