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http://www.investegate.co.uk/Article.aspx?id=201202270700161365Y
Similar to you i wouldnt mind owbing some dgo shares im still worried i wont hit breakeven on my blvn at £2.50 im hoping we will hear something either way this week that 15%rise on friday was a good signal hope your well mate crazy on the blvn board these days...!
Anyone have any idea what price would be offered for Bowleven
Dragon Oil, which is 51 per cent owned by Emirates National Oil – a company ultimately owned by the Government of Dubai – was sold down to 515p on the news before rallying to close 3p dearer at 547p.
Cash at 31 December 2011 was US$1,527 million £1bn 71,751 bopd end of 2011; average 61,500 bopd, targeting 100,000 bopd Actively pursuing acquisitions, there rns make for good reading! Just completed 5 million share buy back. Looks a very good fit for the Dragon and lose most overpaid board members of blvn!! I would be happy and realistic to take 1 (dragon) for 2 (blvn) shares for the Dragon?? And your right its all too busy on blvn right now :)
Hi folks, Sorry, off-topic, but just finished my first (complete) resource stock writeup: Richland Resources (RLD:LN) Hope you'll check it out - here's the 1st post of a 2-parter: http://wexboy.wordpress.com/2012/02/02/feeling-blue/ Cheers, Wexboy http://wexboy.wordpress.com/ Cheers, Wexboy
A good rise this year so far and the Chinese New Year has just begun. It is now " The Year of The Dragon" I wonder if the Chinese are the buyers.
Hi folks, Perhaps you've seen it already, but I recently commenced The Great Irish Share Valuation Project on my Wexboy blog. I'm setting a Fair Value Price Target for every listed Irish company. So far I've valued 2 dozen companies, including Dragon Oil. I hope you'll take a look (don't hesitate to comment or email me), and perhaps become a regular reader. Cheers, Wexboy
Does anyone know if the bulk gas supplies DGO have, will be an added value on the oil share price at some point?
Dr Abdul Jaleel Al Khalifa, CEO, commented: "2011 was an impressive year in terms of production and reserves growth: we succeeded in increasing gross field production by almost a third from the 2010 level thanks to an intensive drilling programme and strong results from the Dzheitune (Lam) West area. Encouraging results from the Dzheitune (Lam) West area have been meeting and at times surpassing our expectations since we entered this previously undrilled area in 2007 and have led to a significant upgrade of our oil and condensate 2P reserves. This year, we were able to achieve a 183% organic replacement of produced reserves, a remarkable achievement. "As a result of strong oil prices and production growth, we have generated over US$1 billion in revenues, the highest annual earnings ever; this further strengthens our financial position as we continue our growth towards the production target of 100,000 bopd and actively pursue acquisition opportunities following the Tunisian farm-in of last year."
Trading Statement and Reserves Update Dragon Oil plc (Ticker: DGO), an international oil and gas exploration and production company, today issues the following trading statement, which includes an operational update, financial highlights for 2011 and the results of the latest reserves assessment. All information referred to in this update is unaudited and subject to further review. Dragon Oil expects to publish its 2011 full-year financial results on 21 February 2012. Key operational highlights · 30% increase in average daily production rate to approximately 61,500 barrels of oil per day ("bopd") in 2011 compared to 47,200 bopd in 2010; · 70,000 bopd target production rate reached in mid-December 2011 with the final 2011 exit rate higher at 71,751 bopd; · Thirteen new development wells successfully put into production against an initial guidance of 11 wells; and · Drilling from the Dzheitune (Lam) C platform commenced. Key corporate highlights · Year-end oil and condensate reserves increased by 41 million barrels to 658 (December 2010: 639) million barrels at year-end 2011; gas reserves and contingent gas resources remained at similar levels of c. 3 TCF; · Farm-in agreement for an exploration asset in Tunisia with a 55% participating interest signed; · Limited buyback programme concluded on 4 November 2011 with five million shares purchased at a weighted average price of GBP 4.84 per share; and · Marketing route for full entitlement volumes secured until end-2012. Key financial highlights · Capital expenditure on infrastructure and drilling amounted to US$351 million for 2011 (2010: US$460 million); and · Group's cash balance (net of abandonment and decommissioning funds) as at 31 December 2011 was US$1,527 million (31 December 2010: US$1,163 million).
http://www.investegate.co.uk/Article.aspx?id=201201230701469679V
Dr Abdul Jaleel Al Khalifa, Chief Executive Officer, commented: "I am pleased to report that the flow rate from the Dzheitune (Lam) 13/163 development well has improved significantly after we added perforations at different reservoir intervals. We constantly seek to optimise production from existing as well as new wells using a range of techniques and it is satisfying to see an immediate positive impact on our production."
Drilling Update Dzheitune (Lam) 13/163 well tested at 1,584 barrels of oil per day with added perforations Dragon Oil plc (Ticker: DGO), an international oil and gas exploration, development and production company, announces the successful testing of the Dzheitune (Lam) 13/163 development well. The Dzheitune (Lam) 13/163 well was completed with a single string to a depth of 2,703 metres by Rig 40 in December 2011 and tested at 296 barrels of oil per day. Additional data and analysis led to re-completing the well in different reservoir intervals; this resulted in an improved production rate of 1,584 barrels of oil per day. Rig 40 has skidded to the Dzheitune (Lam) 13/144B well to work it over.
http://www.investegate.co.uk/Article.aspx?id=201201190700117875V
This must be the least commented on oil share. Every RNS announces more oil and goes unremarked on yet thousands of posts about GKP and the like.
Nice figures there re BOPD
Dr Abdul Jaleel Al Khalifa, Chief Executive Officer, commented: "I am extremely pleased to announce a successful start to the 2012 Cheleken drilling programme. We have already completed and tested one development well and one sidetrack well, and drilling from the Dzheitune (Lam) C platform has commenced on schedule. We exited 2011 at the production rate of 71,751 bopd, ahead of our 70,000 bopd target, which was reached in mid-December. The good news reported today puts us in a strong position to continue to deliver solid results from the Cheleken Contract Area as we progress through the year."
DRAGON OIL PLC (the "Company" or together with its subsidiaries "Dragon Oil" or the "Group") Drilling Update · Dzheitune (Lam) 13/140A sidetrack tested at initial rate of 2,123 barrels of oil per day · Dzheitune (Lam) A/165 well tested at initial rate of 2,272 barrels of oil per day · Iran Khazar rig commenced drilling on the Dzheitune (Lam) C platform · 2011 exit production rate 71,751 barrels of oil per day Dragon Oil plc (Ticker: DGO), an international oil and gas exploration, development and production company, announces the following update on its ongoing drilling programme. The Dzheitune (Lam) 13/140A sidetrack was completed with a single string to a depth of 2,237 metres by Rig 40 and tested for initial production at 2,123 barrels of oil per day ("bopd"). This shows the great potential of side tracking low producing wells in the future. Rig 40 has now returned to the Dzheitune Lam 13/163 well to make additional perforations in new intervals to improve the flow capacity of this well. The initial test rate from the Dzheitune (Lam) 13/163 well, achieved at deeper reservoir intervals in December 2011, was 296 bopd. The Dzheitune (Lam) A/165 well was completed as a dual producer to a depth of 3,060 metres by the Iran Khazar rig. The short and long strings tested at the initial rate of 1,231 bopd and 1,041 bopd, respectively. The well tested for the combined initial production at 2,272 bopd. The Iran Khazar rig has been mobilised to the Dzheitune (Lam) C platform and has spudded the Dzheitune (Lam) C/167 development well.
http://www.investegate.co.uk/Article.aspx?id=201201130700084500V
also trading statement out in just over a weeks time
b*ll*cks!! - do i regret selling - seem to be able to pick the trough to sell and the peak to buy - wish for once could get it the other way round - gl to all in - do people think it will go much higher?? - thanks
thanks for the info - will probably regret selling now - gla
Increased production targets leading upto 2015 xcite energy have all this to look forwards to in the next few months!
hi - am i missing something but what is the sudden attraction with drago today - any comments appreciated, thanks