DGO.L Share News (DGO)

Dragon Oil cuts 2014 production growth forecast on drilling delays

(Adds details, quote) LONDON, April 8 (Reuters) - London-listed oil and gas company Dragon Oil cut its 2014 production growth rate to 10 percent on Tuesday on the back of delays to its drilling programme in Turkmenistan. The explorer said its output will rise around 10 percent this ye

Dragon Oil Pretax Profit Slips On Oil Prices, Sales Volumes

LONDON (Alliance News) - Dragon Oil PLC Tuesday said its pretax profit fell significantly during 2013 on lower realised sales volumes and prices of crude. The oil and gas exploration and development company which operates in Turkmenistan, said its pretax profit fell 14% to USD698.6 million

Dragon Oil lifts well drilling in 2014 to meet production target

LONDON, Feb 18 (Reuters) - Turkmenistan-focused oil company Dragon Oil said it expected to drill 14-16 wells this year and around 20 wells in 2015, in a bid to meet its 100,000 barrels per day production target from next year. "We continue our journey to achieve the 100,000 bopd production

Dragon Oil signs farm-in with Nido Petroleum Philippines

Oil and gas company Dragon Oil has signed a farm-in agreement with Nido Petroleum Philippines for a service contract offshore the Philippines. The farm-in will be completed as a two-stage process, with Dragon Oil initially acquiring a 40% participating interest in Service Contract 63 (SC 63), whi

Dragon Oil Secures 40% Stake In Philippines Offshore Block

LONDON (Alliance News) - Dragon Oil PLC Thursday said it has signed an agreement to acquire an initial 40% holding in a Philippines block from Nido Petroleum Philippines Ltd. The oil and gas exploration, development and production company said the deal will be completed in two stages. Duri

Dragon Oil Completes Fewer Wells Than Planned In 2013

LONDON (Alliance News) - Ireland-based company Dragon Oil PLC said Tuesday that it completed fewer wells than planned in 2013, due to delays in new rigs operations and maintenance of existing rigs, but still reported a strong increase in the average daily production rate of oil per day for the ye

Dragon Oil output grows 9.1 pct in 2013

LONDON, Jan 14 (Reuters) - Turkmenistan-focused oil company Dragon Oil posted a 9.1 percent rise in production in 2013, in line with a downgraded forecast, and said it would return to its target of annual output growth of between 10 and 15 percent this year. The company said on Tuesday that

Monday broker round-up UPDATE

Admiral Group: Citi ups target price from 1220p to 1256p and reiterates a neutral rating. Afren: Nomura increases target price from 170p to 210p and stays with its neutral rating. Alternative Networks: Westhouse Securities increases target price from 445p to 540p reiterating its add rating. Amlin

Wednesday broker round-up UPDATE

Afren: Goldman Sachs lowers target price from 280p to 270p, while leaving its strong buy recommendation unaltered. Canaccord Genuity takes target price from 190p to 205p and keeps a buy recommendation. Alternative Networks: Westhouse Securities upgrades from neutral to add with a target price of 44

Dragon Oil Offer For Egyptian Site Initially Accepted

Dragon Oil Increases Production On Improved Technology

Dragon Oil downgrades 2013 production growth

LONDON, Oct 29 (Reuters) - Turkmenistan-focused oil company Dragon Oil downgraded slightly its outlook for production growth this year to between 9 and 10 percent from previous guidance of the lower end of 10 to 15 percent. The company said on Tuesday that production growth this year would

Eurasia Drilling Says Revenue Up 9.5% As Drilling Output Increases

Dragon Oil Signs Two Key Contracts in Afghanistan

Dragon Oil wins Afghan contracts

Dragon Oil has secured deals to drill for oil and gas in Afghanistan. The Afghan Ministry of Mines & Petroleum has signed exploration and production sharing contracts for two blocks, Sanduqli and Mazar-i-Sharif, of the Afghan-Tajik Phase 1 Oil & Gas Tender. Dragon will have a 40% stake in the bloc