Dana Petroleum Plc, London, (London: DNX) has entered a new three-year US$400-million revolving credit facility provided by Bank of Scotland to fund its acquisition of Bow Valley Energy Ltd. and general corporate purposes.

Bank of Scotland energy director Andrew Wright says, “Bank of Scotland is delighted to continue working with Dana and to support it's acquisition of Bow Valley. With the strong track record of Dana and Bank of Scotland in the North Sea we are sure this acquisition, of a complementary business, will be successful for Dana and further strengthen the Bank’s long and successful relationship with Tom Cross and his highly experienced management team.”

Dana Petroleum has oil and gas properties primarily in the U.K. North Sea and Egypt.