Dragon Oil’s output ends 2012 on a high
Dragon Oil (LON:DGO) this morning revealed that its operations in the Caspian Sea ended 2012 on a high. Over the course of the year the company had to overcome operational challenges, mainly...
View ArticleUPDATE: Dragon Oil shares advance after encouraging production update
---Adds broker comments and share price details--- Dragon Oil (LON:DGO) shares advanced over 2% this morning as it revealed that its operations in the Caspian Sea ended 2012 on a high. Over the course...
View ArticleDragon Oil extends marketing agreement for crude production
Dragon Oil (LON:DGO) has extended an agreement for transport and sale of its crude until the end of next year. The firm has secured the deal with Socar Trading for all its anticipated export...
View ArticleDragon Oil upgraded by Davy after cash and reserves increased
Dublin based broker Davy has upgraded its valuation of Dragon Oil (LON:DGO) following an upbeat operational statement earlier this week.The offshore oil producer, with operations in the Caspian Sea,...
View ArticleDragon Oil a safe harbour in turbulent times suggests broker
Dragon Oil’s (LON:DGO) strong balance sheet, cash flow and favourable production sharing agreement (PSA) make it a safe harbour during periods of commodity market turbulence, suggests US broker...
View ArticleBushveld Minerals says positive metallurgy underlines potential of iron-tin...
Bushveld Minerals (LON:BMN) has unveiled positive metallurgical results from the iron portion of its iron and tin project in Limpopo Province, South Africa. The results of the Davis Tube test taken...
View ArticleDragon Oil ends year in rude health as focus returns to production targets
Dragon Oil (LON:DGO) ended 2012 in rude financial health. It had more than US$2.1bn on the balance sheet, allowing it pay a 15 cents final dividend and maintain its US$200mln share buyback programme....
View ArticleDragon Oil could look for acquisitions up to US$5bn, says Fox Davies
Cash rich Dragon Oil (LON:DGO) could "easily" seek acquisitions up to US$5billion, reckons Fox Davies. The broker's comments come after the oil producer revealed it ended 2012 in rude financial health....
View ArticleDragon Oil reveals increase in production
Dragon Oil (LON:DGO) has revealed an increase in quarterly production in the three months to March 31, 2013. Production averaged 71,800 barrels of oil per day in the first quarter, up from 70,600 in...
View ArticleDragon Oil cranking it up
Production is steadily ramping up at Dragon Oil (LON:DGO), the international oil and gas exploration, development and production company revealed in a first quarter trading statement. The average...
View ArticleDragon Oil on track to meet production guidance
Dragon Oil (LON:DGO) expects growth in production this year to be at the low end of 10-15%, in line with its previous guidance. Average production from the Cheleken field, in the Caspian Sea offshore...
View ArticleDragon Oil confirms solid first half, signs up new rig
Dragon Oil (LON:DGO) has signed up a new jack-up drilling rig for its Cheleken field, in the Caspian Sea offshore Turkmenistan. Dragon said it will drill 12 wells in the current year having completed...
View ArticleUPDATE: Dragon Oil grows production by 15% in first half
--Adds broker comment-- Dragon Oil (LON:DGO) revealed production growth of 15% up to 73,600 per day in the first half of this year. The group repeated its growth target, with full-year production...
View ArticleDragon Oil strengthens board with new non-exec director
Dragon Oil (LON:DGO) has appointed a new non-executive director to the board. Dubai based Justin Crowley, an audit and assurance partner at BDO International, bolsters the board following the departure...
View ArticleDragon Oil's production rises
AIM-listed oil explorer and producer Dragon Oil (LON:DGO) said delays in the mobilisation of new rigs will result in it being able to complete only 10 wells in 2013. The Turkmenistan-focused firm said...
View ArticleDragon Oil on course for award of block in Gulf of Suez
Dragon Oil (LON:DGO), said its offer for Block 19 in the Gulf of Suez, Egypt, has been initially accepted. The decision is still subject to approval by the appropriate government authorities. Dragon...
View ArticleUPDATE - Dragon Oil’s cash-pot grows to US$1.9bn; growth targets remain “in...
--ADDS BROKER COMMENT-- Dragon Oil’s (LON:DGO) substantial cash-pot grew to US$1.9bn in 2013, up from US$1.7bn, and its production growth targets remain “in sight”. Working towards a 100,000 barrel per...
View ArticleDragon Oil adds offshore Philippines exploration through farm-in deal
Dragon Oil (LON:DGO) has struck a deal to expand and diversify its portfolio, with the acquisition of a stake in an offshore exploration in the Philippines. The company, which is sitting on a US$1.9bn...
View ArticleUPDATE - Dragon Oil lifts full-year dividend
--ADDS BROKER COMMENT--Dragon Oil (LON:DGO) said its profit fell in 2013 as lower prices were received for its oil, yet the company increased its full-year dividend by 10% to 33 US cents. Dragon has...
View ArticleDragon Oil needs its US$2bn cash pot for growth plans, CEO says
Dragon Oil (LON:DGO) shares were up 2.4% today after the oil producer increased its dividend, whilst confirming financial results in line with market expectations. Average production increased 9.1% to...
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