Dana not ripe for the picking

OIL explorer Dana Petroleum said yesterday &ldquo;it wasn&rsquo;t for sale,&rdquo; and that it was focusing on increasing production, even as rivals target each other in a market that analysts say is ripe for mergers and acquisitons.<br /><br />Dana said its forecasting output will go up by nine per cent, having risen 29 per cent last year. <br /><br />The Scottish-based explorer also has plans to begin production at two new fields this year. Dana has interests in 34 oil fields. <br /><br />Chief executive Tom Cross has said that it was &ldquo;too early&rdquo; for Dana to consider being acquired.