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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Dominion Pet | LSE:DPL | London | Ordinary Share | BMG2897M1064 | COM SHS USD0.00004 (DI) |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 7.25 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 7.25 | GBX |
Dominion Pet (DPL) Share Charts1 Year Dominion Pet Chart |
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1 Month Dominion Pet Chart |
Intraday Dominion Pet Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 02/2/2012 | 07:45 | Dominion Petroleum - African Oil Exploration 2010 | 1,918 |
| 20/7/2011 | 09:45 | Locked and loaded, DPL | 2 |
| 11/11/2010 | 14:38 | Dominion Petroleum | 1 |
| 22/7/2010 | 06:53 | Dominion Petroleum | 2,995 |
| 18/7/2010 | 10:37 | DOMINIUM PETROLEUM | 260 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 02/2/2012 07:45 by baronstjohn Dominion Petroleum Limited02 February 2012 CORRECTION - THIS ANNOUNCEMENT REPLACES THE ANNOUNCEMENT RELEASED AT 7.31AM, WHICH WAS RELEASED IN ERROR NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION For immediate release 2 February 2012 RECOMMENDED OFFER for Dominion Petroleum Limited ("Dominion") by Ophir Energy plc ("Ophir") Sanction of the Scheme by the Bermuda Court On 13 October 2011 the Boards of Dominion and Ophir announced that they had reached agreement on the terms of a recommended offer to be made by Ophir to acquire the entire issued and to be issued share capital of Dominion (the "Acquisition"). As explained in such announcement, it is intended that the Acquisition be implemented by way of a scheme of arrangement between Dominion and its shareholders under section 99 of the Companies Act 1981 of Bermuda (the "Scheme"). On 12 December 2011, the Scheme was approved by the requisite majority of the Dominion Shareholders. Dominion is pleased to announce that yesterday the Supreme Court of Bermuda issued a Court Order sanctioning the Scheme. The Court Order sanctioning the Scheme is today to be delivered to the Registrar of Companies in Bermuda and, upon delivery, the Scheme will become effective and Ophir will become the sole shareholder of Dominion. On the basis of the Closing Price of 295.1 pence per Ophir Share on 1 February 2012 (being the last business day prior to the release of this announcement): -- the Acquisition values the entire issued and to be issued share capital of Dominion and the Convertible Notes at approximately GBP138.6 million (US$219.7 million) and each Dominion Share at 7.2 pence per share; and -- the Acquisition represents a premium of approximately 100.0 per cent. to the Closing Price of 3.6 pence per Dominion Share on 12 October 2011 (being the last business day prior to the release of the Announcement made on 13 October 2011). In accordance with the revised timetable of principal events set out in the announcement released by Dominion on 27 January 2012, the New Ophir Shares to be issued to Dominion Shareholders pursuant to the Scheme shall be admitted to trading, and trading in such shares shall commence, at 8.00 a.m. on 3 February 2012. Now that the Scheme has been sanctioned by the Court, Dominion Shares and DIs will be suspended from trading this morning at 7.30 a.m. and cancellation of admission to trading of Dominion Shares on the Alternative Investment Market is expected to take effect on 3 February 2012. In anticipation of completion of the Acquisition, James Keyes and Gregory Tolaram, have resigned from their roles as non-executive directors of Dominion. |
Posted at 06/12/2011 14:33 by kenone Still can't get my head around the math here! Correct me if I'm wrong, but the offer is for 0.0244 OPHR shares for each ONE DPL. Take current OPHR share price of 263p x .0244 = 6.41p DPL is currently around 6.06p bid, so should the DPL share price not move up to this figure ( or whatever OPHR equivalent is when deal completes ? |
Posted at 02/12/2011 11:40 by oiht It's due to OPHR shares rising because the offer is for a share swap (I forget the exact ratio 25 DPL to 1 OPHR I think?). At the time of the offer it valued DPL at 5.9 but OPHR share price has since risen, if it falls so to will the DPL share price For the record I sold DPL on the news but still follow them cos a mate has stayed on board which looks like the better discision so far. GLA |
Posted at 13/10/2011 09:10 by bones30 Yes, remind me exactly what DPL has achieved this year?Because of all the fannying around sentiment has tanked this. So +40% is still hardly fair value for the licence at this point. I'm wondering if what happened with EO. may happen here, i.e. the DPL and OPHR share prices creep up slowly as the market realises this (i.e. the value of Block 7, and the fact DPL was too cheap in the first place). Shame it wasn't structured in the same way with shareholders being offered the possibility of cash. There is always the change of a counter-offer too. Given where DPL was before the MOG thing, you may think OPHR share price would factor in the value of the licence, particularly given they aren't struggling for funding, and the perception of quality of their management team. On balance I think I shall hold a little longer. |
Posted at 13/10/2011 09:02 by offerman O/TTake you`re money guys and invest in pci, why? -enel deal signed and awaiting ratification, enel paying pci 183M$ for 18% -at8 well flowed 38mmcfgpd but could flow 50mcfgpd with wider bore. -new F.I partner being line up 2012, several majors in talks with pci. -Gas field of most probable 10tcf 38% recoverable low end 60% high end. -20%investment in Kurdistan block not far from Shaikan, Joint partner with hess -Italian assets could total 900mbo -share price doesn`t even match the capital that enel are investing, share price indicates kurd, algeria,italy all worth nothing. -1st class quality directors. -Many Instis invested. Just a few pointers and as always DYOR and best of luck whatever you invest in. |
Posted at 13/10/2011 08:55 by excellance i cant understand why the OPHR share price would fall in response to this deal, after all they are paying with shares and only a little cash, and the deal is a good one for both.for DPL holders the risk profile is significantly reduced, while OPHR holders get another potentially great license which fits nicely into the existing portfolio. has the OPHR share price been pumped up by the market in anticipation of this deal over recent days? has the DPL share price been shorted to make a deal look juicy? |
Posted at 13/10/2011 07:51 by topinfo *DJ Ophir Energy PLC Offer For Dominion Petroleum (END) Dow Jones Newswires October 13, 2011 02:50 ET (06:50 GMT) Copyright (c) 2011 Dow Jones & Company, Inc. TIDMOPHR TIDMDPL RNS Number : 1106Q Ophir Energy PLC 13 October 2011 Ophir Energy plc NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION For immediate release 13 October 2011 RECOMMENDED OFFER for Dominion Petroleum Limited ("Dominion") by Ophir Energy plc ("Ophir") The Boards of Ophir and Dominion are pleased to announce that they have reached agreement on the terms of a recommended offer (the "Offer") to be made by Ophir to acquire the entire issued and to be issued share capital of Dominion. Highlights -- Recommended offer of 0.0244 New Ophir Shares for each Dominion Share. -- The Offer values the entire issued and to be issued share capital of Dominion and the Dominion Convertible Notes at GBP118.2 million ($186.3 million). The Offer values each Dominion Share at 5.9 pence per share based on the closing price of 242.2 pence per Ophir Share on 12 October 2011 (being the last business day prior to the date of this Announcement). -- The Offer represents a premium of approximately 64.2 per cent. to the closing price of 3.6 pence per Dominion Share on 12 October 2011 (being the last business day prior to the date of this Announcement). -- The acquisition reinforces Ophir's position in its core East Africa play where it has led exploration activity resulting in three consecutive deepwater discoveries. Specifically, the Offer would: -- create the largest independent net deepwater acreage portfolio in the emerging and highly prospective hydrocarbon province of East Africa, consolidating Ophir's current portfolio of Blocks 1, 3, 4 (40 per cent.) and East Pande (70 per cent.) in Tanzania with the addition of Block 7 (80 per cent.), offshore Tanzania and provide Ophir with entry to offshore Kenya through Block L-9 (60 per cent.) and Block L-15 (100 per cent.); -- enhance Ophir's operated portfolio in the region with the addition of three operated blocks, to complement Ophir's operated East Pande Block and joint activities with BG in Blocks 1, 3 and 4 in Tanzania; -- expand Ophir's active exploration programme scheduled for the next 18 months with the potential to drill one or two additional wells on its operated acreage; and -- utilise potential operational, commercial and geological synergies to access full asset value. -- Ophir will remain well funded following this transaction, with the capability to accelerate exploration and appraisal programmes across the enlarged portfolio. -- It is currently anticipated that the Offer will be implemented by means of a scheme of arrangement under the Companies Act of Bermuda. -- Ophir has also entered into agreements to acquire from Convertible Note Holders holding 86 per cent. of Dominion's outstanding convertible notes for a cash consideration of $32.8 million, conditional upon completion of the Offer. Ophir is in discussions with one other Convertible Note Holder in respect of the purchase of the remaining convertible notes. In addition, Ophir has received irrevocable undertakings from certain Convertible Note Holders in respect of their direct and indirect interests in Dominion Shares to vote in favour of the Scheme at the Court Meeting and the resolutions to be proposed at the General Meeting in respect of 421,553,527 Dominion Shares representing, in aggregate, approximately 26.5 per cent of the Dominion Shares in issue. -- The Dominion Directors, who have been so advised by BofA Merrill Lynch and RBC Capital Markets, consider the terms of the Offer to be fair and reasonable. In providing their advice to the Dominion Directors, BofA Merrill Lynch and RBC Capital Markets have taken into account the commercial assessments of the Dominion Directors. Accordingly, the Dominion Directors intend unanimously to recommend that Dominion Shareholders vote in favour of the Scheme at the Court Meeting and the resolutions to be proposed at the General Meeting, as certain Dominion Directors and certain members of Dominion's senior management have irrevocably undertaken to do in respect of their own beneficial holdings of Dominion Shares representing, in aggregate, approximately 1.2 per cent of the Dominion Shares in issue. -- The Offer is conditional, among other things, on the passing of resolutions by Dominion Shareholders and the sanction of the Court, the application for the New Ophir Shares to be admitted to the Official List being approved, the London Stock Exchange acknowledging that the New Ophir shares will be admitted to trading and the Dominion Directors not withdrawing, modifying or qualifying their unanimous recommendation of the Offer. -- Commenting on the Offer, Roger Cagle, the Chairman of Dominion, said: "The proposed combination of assets provides Dominion's shareholders with an opportunity to be invested in the pre-eminent deepwater explorer in East Africa, one of the world's most exciting exploration plays. The exposure to Ophir's existing discoveries in Tanzania would de-risk the combined portfolio while maintaining significant upside exposure for both companies' shareholders. The Board of Dominion therefore believes that the Offer provides greater certainty of value to our shareholders than remaining independent against the background of challenging market conditions, the funding needs faced by Dominion and the inherent risks associated with frontier oil and gas exploration." -- Commenting on the Offer, Nick Cooper, Chief Executive Officer of Ophir, said: "Ophir has been at the forefront of exploration efforts in deepwater Tanzania and has developed a detailed technical understanding of this emerging East Africa offshore play. The addition of Dominion's assets to our portfolio positions Ophir as the largest independent net deepwater acreage holder in East Africa with a portfolio of seven offshore blocks at high equity levels in highly prospective acreage offshore Tanzania and Kenya. There are significant potential geological, operational and commercial synergies in bringing these portfolios together and we are confident that the combined group will maximise value for shareholders from the exciting position we will command. East Africa is experiencing an upsurge in industry attention, partly as a result of Ophir's previous deepwater discoveries, with the involvement of many large oil and gas companies who are scheduled to drill high-impact exploration wells adjacent to the Ophir interests in the near-term. Ophir is strongly funded to deliver a sustained drilling programme across its East African portfolio and will seek to accelerate its exploration activities across the region to include the newly acquired blocks." This summary should be read in conjunction with the full text of this Announcement (including the appendices). The Offer will be made on the terms and subject to the Conditions and further terms set out in Appendix I to this Announcement and the further terms and conditions set out in the Scheme Document and forms of proxy in relation to the Court Meeting when issued. The sources and bases of certain financial information contained in this Announcement are set out in Appendix II to this Announcement. A summary of the irrevocable undertakings given by certain Dominion Directors and certain members of Dominion's senior management and certain Convertible Note Holders is contained in Appendix III to this Announcement. A summary of the terms of the Implementation Agreement is set out in Appendix IV. Certain terms used in this Announcement are defined in Appendix V to this Announcement. Enquiries Ophir Tel: +44 (0) 20 7290 5800 Nick Cooper, Chief Executive Officer Jonathan Taylor, Founder Director |
Posted at 27/7/2011 19:30 by oiht Wow, DPL share price is showing as 420p in my Selftrade account! Wonder if I can sell for that tomorrow. ;-) |
Posted at 22/7/2011 00:49 by rockhopper989 The more licences they have the more chance they have can be true with the right team in place, farm in deals, financing and so on. DPL are far away from showing anything substantial in any of those areas (though some may argue the BOD are playing a good long-term game, something I don't necessarily disagree with). AIM oilies can have quite a challenging time progressing their assets to drilling, and by picking up more licences DPL may be spreading themselves too thin, yet I must admit I quite like the look of the Malta licence. For some reason I get a better feeling about it than the promised land of Bloc 7. As for the DPL FD saying people should sell their shares if they don't agree with what the company are doing, well, it's not really such a black and white decision in the wake of a huge share drop. Anyway, there is still a lot of potential in the company, and hopefully the BOD will eventually test that potential with the drill bit. There is just one more thing I wanted to add: People should always be cautious when coming across widespread optimism on message boards, something which was evident on the DPL iii board (and also something that can be very hard not to get caught up in). Such optimism may ultimately prove to be justified, and I believe much of it may be honest and well-intentioned, but until the drill bit provides the answer, there is no way to be sure, and in the meantime all sorts of things can happen to decimate the share price. |
Posted at 06/12/2010 08:15 by liquid millionaire Aye the market has just given a truly outstanding buying opportunity to those that missed Friday steep rise in the DPL share price. |
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