DGO.L Share News (DGO)

Dragon Oil Reiterates Full-Year Production Guidance, Completes 2 Wells

Wednesday broker round-up UPDATE

Advanced Medical Solutions: N+1 Singer shifts target price from 84p to 90p and upgrades from sell to hold. Afren: Nomura lowers target price from 180p to 170p and retains a neutral rating. Aveva: Panmure Gordon raises target price from 2174p to 2374p and keeps a hold recommendation. Barclays: Soc

London close: Investors take profits ahead of Fed decision

Stocks extended losses by the end of trade on Tuesday as investors trimmed positions ahead of the much-anticipated Federal Reserve policy meeting tomorrow. Weighing on markets were heavy falls in the banking sector, with Lloyds sinking after the government placed a 6% stake at a 3.1% discount to ye

UPDATE 1-Dragon Oil seeks new export routes to lift profits

By Sarah Young LONDON, Aug 6 (Reuters) - Turkmenistan-focused company Dragon Oil is considering alternative export routes to secure better prices for its crude and lift flagging profits. Dragon currently pumps all of its oil via Azerbaijan under a deal which runs until 2014 and involv

Dragon says H1 profit lower on infrastructure, sales deal hit

LONDON, Aug 6 (Reuters) - Turkmenistan-focused oil producer Dragon Oil posted a 20 percent fall in first half profit, taking a hit from slower than expected progress on infrastructure projects and a revised pricing structure under a current sales deal. The Dubai-headquartered company on Tue

Dragon Oil reports drop in half-year sales, cash balance

Dragon Oil's shares dipped on Tuesday after reiterating a 2013 production growth target at the lower end of the medium-guidance of 10 to 15 per cent. In a trading update for the six months to June 30th, the company said its cash balance at the end of the period dropped to $1.65m from $1.73m at Dec

Tuesday broker round-up UPDATE

Afren: Goldman Sachs shifts target price from 224p to 221p keeping a buy recommendation. Alent: Goldman Sachs initiates with a target price from 426p and a buy recommendation. Amerisur Resources: Goldman Sachs moves target price from 65p to 82p and stays with its neutral rating. Bahamas Petroleum

Soon-to-retire G4S CFO sells up

Trevor Dighton, the outgoing Chief Financial Officer (CFO) of security group G4S, on Wednesday reduced his stake by 400,000 shares ahead of his departure at the end of April. Dighton, who announced his plans to retire from the company last month, traded in the shares at 295.80p each, resulting in

Dragon Oil unveils increase in output

Dragon Oil on Tuesday announced an increase in production in the first quarter as it completed wells at the Dzheitune (Lam) prospect, offshore Turkmenistan. Production for three months to March 31st 2013, averaged 71,800 barrels of oil per day (bopd), up from 70,600 for the same period a year earli

Friday broker round-up UPDATE

Afren: Nomura shifts target price from 175p to 180p keeping a neutral rating. ASOS: Nomura increases target price from 2000p to 2630p, while reiterating a neutral rating. Betfair: Panmure Gordon takes target price from 761p to 813p and leaves its buy recommendation unchanged. Brewin Dolphin Holdi

UPDATE 1-Dragon Oil FY profit lower, says to raise dividend

LONDON, Feb 12 (Reuters) - Oil producer Dragon Oil said operating profit slipped 8 percent in 2012 although it decided to raise its dividend by 50 percent as its operations in Turkmenistan continued to generate large amounts of cash. The Dubai-headquartered company on Tuesday posted full-y

Dragon Oil signs contract in Iraq

International oil and gas exploration, development and production company Dragon Oil announced Monday that the Iraqi Ministry of Oil and the Tender Committee has signed the final service contract with a consortium of companies, including Dragon Oil, for the exploration, development and production fo

Friday broker round-up UPDATE

Aberdeen Asset Management: Goldman Sachs upgrades to buy with its target price at 360p. APR Energy: JP Morgan lowers target price from 1005p to 950p, while its overweight rating is left unchanged. Brooks Macdonald Group: Numis ups target price from 1400p to 1470p and retains a hold recommendation.

Dragon Oil reveals production growth in 2012

Dragon Oil on Tuesday said it was 'pleased' with its progress last year as the group remained on track of development projects. In a trading update ahead of the oil and gas company's 2012 financial results, it reported production growth and a group cash balance of $1.73m, up from $1,52m the previou

Dragon Oil edges further in Dzheitune well production

Dragon Oil announced Friday the successful completion and initial testing of its Dzheitune well, offshore Turkmenistan. The international oil and gas exploration company has achieved a depth of 3,085 metres at the Dzheitune (Lam) A/177 well. Tests showed an initial production rate of 1,796 barrel