Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
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I have found the answer - Oliver Resources.
I received a small dividend cheque this morning from DGO, but I do not remember buying any shares in this company. Can someone tell me whether this company had another name say in the late 80s or 90s, when I dabbled in a few oil companies? Tuskar? Conroy? Bula? Is there some kind of online location where I can find out what actually happened to some of these names? Thanks in advance.
Hi all, can anyone tell me if the bulk gas supplies, that Dragon oil has, will add value to the oil share price, in the future, or is that a different deal altogether? When is the next dividend due and does anyone know how much it is? A bit new to all this share dealing.
Dr Abdul Jaleel Al Khalifa, Chief Executive Officer, Dragon Oil plc, commented: "Dragon Oil is pleased to announce a farm-in agreement with Cooper Energy in the Bargou Permit, which in addition to testing the Hammamet West Oil Field with the Hammamet West-3 well, offers exploration upsides through a number of additional independent prospects and leads. This farm-in is part of our plan to build a portfolio of development and exploration opportunities in order to grow the Group into a multi-asset company. We believe our experience offshore Turkmenistan with complex and challenging reservoirs will be useful in better understanding, appraising and developing the Hammamet West Oil Field. We look forward to the opportunity of working in Tunisia. "We continue to search for new projects where we can deploy our technical and operational expertise in key regions of interest, including Africa, Central Asia, the Middle East and selectively south-east Asia."
Farm-in Agreement Dragon Oil plc (Ticker: DGO), an international oil and gas exploration, development and production company, announces that it has signed a farm-in agreement with a wholly owned subsidiary of Cooper Energy Limited (ASX: COE, www.cooperenergy.com.au) through which Dragon Oil is to earn a 55% participating interest in and, in any development phase, assume operatorship of the Bargou Exploration Permit, offshore Tunisia. The Bargou Exploration Permit is located in the Gulf of Hammamet in the Mediterranean Sea. The Permit covers an area of 4,616km2 with predominantly offshore exploration prospects and leads in water depths of approximately 50 to 100 metres. Dragon Oil is to earn a 55% participating interest in the Bargou Exploration Permit by paying 75% of the cost to drill the Hammamet West-3 well in the Hammamet West Oil Field (the "Field"), according to an agreed well plan scope, up to a cost cap of US$26.6 million (on a 100% basis). If the well cost exceeds US$26.6 million, costs in excess of this amount will be shared among the joint venture partners pro rata to their participating interest. The well plan consists of a pilot hole followed by a horizontal section to intersect the fractures within the Abiod formation thereby increasing the flow potential of the reservoir. This well is expected to be drilled in 2012. The Field is located in the northern part of the permit and covers 205km2 in water depths of approximately 50 metres. 3D seismic data of this field was acquired in 2009-10. The farm-in is subject to approvals by the Government of Tunisia and the joint venture partners and to completion of further due diligence by Dragon Oil. Following completion of the farm-in conditions, the Bargou Joint Venture will comprise Dragon Oil (55%), Cooper Energy (30%) and Jacka Resources (ASX: JKA, 15%). If the Hammamet West-3 well is successful and the Joint Venture proceeds with development of the Field, Dragon Oil will assume operatorship of the Bargou Exploration Permit subject to confirmation from the Government of Tunisia. In the case of a development phase, Dragon Oil will carry Cooper Energy in an amount equal to approximately US$5 million (subject to audit) to compensate them for pro rata past costs, after which all parties will pay their participating interest share for any development costs.
http://www.investegate.co.uk/Article.aspx?id=201110100700138383P
You were right Griddoc , received alright . Not used to getting dividends after waiting for close to 14 years!
Received my dividend payment monday straight into my bank account. BORACIC thought i was having a laugh no the dividend has been payed. Stickapinn check your bank account.. The only other way they might pay would be a cheque.
hi - i ve got dgo shares and was unaware that any divi was due or being paid - will it be put into myTD account or will they notify me in some other way? any help or comments would be appreciated - apologies for being a divi (excuse the pun) - thanks
Yep received the letter last week and money already paid into account :-)
Hi all has anyone received this new dividend lettter. Totally unexpected ???????
Dr Abdul Jaleel Al Khalifa, Chief Executive Officer, commented: "I am pleased to report that Dragon Oil has successfully completed and conducted initial testing of the Dzheitune (Lam) B/159 well. We anticipate being able to complete five more wells before the year-end given the recent addition of jack-up slots on the Dzheitune (Lam) A platform and availability of the Iran Khazar rig. That will give us a total of 13 new development wells within the 2011 drilling programme, out of which eight have already been completed."
Dzheitune (Lam) B/159 well tested at initial rate of 2,223 barrels of oil per day Dragon Oil plc (Ticker: DGO), an international oil and gas development and production company, announces the completion and initial testing of the Dzheitune (Lam) B/159 development well. The well was drilled to a depth of 2,900 metres and completed as a single producer by the Iran Khazar rig. The initial test result from the well was 2,223 barrels of oil per day. Having completed a total of eight wells on the Dzheitune (Lam) B platform, Dragon Oil has mobilised the Iran Khazar to the Dzheitune (Lam) A platform. A number of additional jack-up rig slots have recently been added on the Dzheitune (Lam) A platform allowing us to avail of this opportunity and schedule the Iran Khazar rig for the drilling and completion of the Dzheitune (Lam) A/162 development well before the rig is due to perform a workover of the Dzheitune (Lam) A/127 well. The NIS rig and Rig 40 are currently drilling the Dzheitune (Lam) 28/161 and 13/160 wells, respectively, which we expect to put into production over the coming few weeks.
http://www.investegate.co.uk/Article.aspx?id=201109210700096052O
Sorry about layout of my previous post. It was set out ok in draft but transposed into prose when posted. I cannot find a way to edit or delete.
My latest email is going to the Board. If enough of us put the pressure on maybe they will give a special dividend. I have copied all the correspondence for those of you who did not read my previous posts. Dear Thank you for your insights on the matter. I have forwarded your message to the Company Secretary who will bring it to the attention of the Board. Kind regards, Anna Gavrilova Investor Relations Department Dragon Oil plc Sent: Mon 8/22/2011 22:39 To: Investor Relations, (DXB) Subject: Re: FW: Enquiry from www.dragonoil.com Dear Anna Thank you for responding to my email. As the cash Dragon Oil PLC have on deposit would be lost if a bank holding the money failed would it not make sense to return a lot more cash to investors and have a rights issue in the future if the Dragon Oil PLC board do ever find a potential acquisition. If I personally invested that money in a short term deposit account I would get a better rate than Dragon Oil PLC and £85,000 in each bank would be guaranteed. Kind regards 22/08/2011 18:02, Investor Relations, (DXB) wrote: > > Thank you for contacting the Investor Relations Department at Dragon Oil. > > > > We hold cash in short term deposits, which traditionally offer low interest rates. We would like to have the funds readily available for capital expenditure and potential acquisitions. > > > > Kind regards, > > > > Anna Gavrilova > > Investor Relations Department > > Dragon Oil plc My latest email is going to the Board. If enough of us put the pressure on maybe they will give a special dividend. I have copied all the correspondence for those of you who did not read my previous posts. Dear Thank you for your insights on the matter. I have forwarded your message to the Company Secretary who will bring it to the attention of the Board. Kind regards, Anna Gavrilova Investor Relations Department Dragon Oil plc Sent: Mon 8/22/2011 22:39 To: Investor Relations, (DXB) Subject: Re: FW: Enquiry from www.dragonoil.com Dear Anna Thank you for responding to my email. As the cash Dragon Oil PLC have on deposit would be lost if a bank holding the money failed would it not make sense to return a lot more cash to investors and have a rights issue in the future if the Dragon Oil PLC board do ever find a potential acquisition. If I personally invested that money in a short term deposit account I would get a better rate than Dragon Oil PLC and £85,000 in each bank would be guaranteed. Kind regards 22/08/2011 18:02, Investor Relations, (DXB) wrote: > > Thank you for contacting the Investor Relations Department at Dragon Oil. > > > > We hold cash in short term deposits, which traditionally offer low interest rates. We would like to have the funds readily available for capital expenditure and potential acquisitions. > > > > Kind re
Iran has restarted oil swaps which means DGO should get a higher price for oil and is no longer dependent on just one exit route.
Matrix reiterated is "buy" recommendation for Dragon Oil (DGO), with a 650p target price. With record first half revenues of 527 million dollars (324.4 million pounds) and plans to reach short-term agreements to realise the value of its gas reserves, the broker believes the company is making sound progress. Additionally, Matrix notes that it is one of the most defensive stocks in the sector and is a strong acquisition target.
Dragon Oil’s main asset is the Cheleken field in the Caspian off Turkmenistan. A combination of 25% higher production and a 39% rise in realised oil prices allowed Dragon to report a 135% increase in operating profits to $407.3m in the first half to the end of June. The company needs to do a deal with the Turkmenistan authorities to take the gas from the field, it needs a further agreement to allow the gas to be exported once the world price has improved and needs to find a diversified investment for the $1.4bn of cash reserves it has built up from the proceeds of Cheleken. Investors may need patience yet, says the Times.
Dragon Oil ups output to boost profits Date: Wednesday 10 Aug 2011 LONDON (ShareCast) - Dragon Oil ramped up production in the six months to 30 June, helping the Central Asia-focused oil group to benefit from the soaring oil price. Profit for the period totalled $309.4m, up from $137.6m over the same period the previous year, on revenues that soared to $527.4m from $276.3m. The company is paying a 9 cent interim dividend, having not paid one last year. Average daily production was up by a quarter from the same period last year at 58,000 barrels. “Revenues were underpinned by a 32% increase in the volume of crude oil sold, reflecting impressive production growth, and the benefit of strong realised oil prices,” Dragon said. At 10.00am shares in Dragon Oil were up by 6.4% at 27.5p.
http://investegate.co.uk/Article.aspx?id=201108100700080322M In profit
Hi everyone, I recently found an old share certificate for Dragon Oil shares that I purchased back it the 90's. This certificate was issued after the consolidation and and was for shares IR25p. I need to change the address listed but on the form it asks for my Investor Code (IVC) can anyone tell me where to find this on the certificate? Many thanks
3 August 2011 DRAGON OIL PLC (the "Company" or together with its subsidiaries "Dragon Oil" or the "Group") Drilling Update Dzheitune (Lam) 28/158 well tested at initial rate of 2,876 bopd Dragon Oil plc (Ticker: DGO), an international oil and gas development and production company, announces the completion and initial testing of the Dzheitune (Lam) 28/158 development well. The well was completed as a single producer by the NIS rig to a depth of 1,786 metres. The initial test result from the well was 2,876 barrels of oil per day ("bopd"). The NIS rig has skidded to the next slot and is in the process of spudding the Dzheitune (Lam) 28/161 well. The Iran Khazar rig and Rig 40 are currently drilling the Dzheitune (Lam) B/159 and 13/160 wells, respectively. Dr Abdul Jaleel Al Khalifa, Chief Executive Officer, commented: "I am pleased to report the successful completion and initial testing of the Dzheitune (Lam) 28/158 well. The Group is currently producing at a healthy rate of above 60,000 bopd, which puts us in a comfortable position to ensure meeting our gross production growth target by the end of the year."