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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Deo Petroleum | LSE:DEO | London | Ordinary Share | GB00B3PZFR25 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 27.25 | 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 | 27.25 | GBX |
Deo Petroleum (DEO) Share Charts1 Year Deo Petroleum Chart |
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1 Month Deo Petroleum Chart |
Intraday Deo Petroleum Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 13/9/2012 | 10:42 | Deo Petroleum | 1,848 |
| 21/2/2011 | 21:42 | Deo Petroleum Plc - The Next Nautical Petroleum | 4 |
| 06/1/2010 | 10:21 | I KNOW WHY THIS COULD BE IT? | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 07/6/2012 07:14 by nicd each DEO Share valued at 29.5 pence. This represents a premium of 40.5 per cent. over the share price of 21.0 pence per DEO Share on 25 May 2012.Final Results for the year ended 31 December 2011 London, 7 June 2012 - DEO Petroleum plc, the oil and gas development and production company, is pleased to announce its final results for the year ended 31 December 2011 and an updated Competent Persons Report. Highlights Proposed Acquisition of DEO by Parkmead -- The boards of The Parkmead Group plc ("Parkmead") and DEO have agreed terms of a recommended offer under which Parkmead would, subject to shareholder approval, acquire the entire issued and to be issued ordinary share capital of DEO (the "Acquisition"). -- It is intended that the Acquisition be implemented by way of a Court sanctioned scheme of arrangement under Part 26 of the Companies Act (the "Scheme"). -- Pursuant to the Acquisition, which will be subject to the conditions and further terms set out in the Rule 2.7 announcement made on 28 May 2012 (the "Announcement"), "Scheme Shareholders" will receive two Parkmead Shares for each ordinary share of DEO. -- Based on the price of a Parkmead Share of 14.75 pence, the Acquisition values the ordinary share capital of DEO at GBP12.7 million and each DEO Share at 29.5 pence. This represents a premium of 40.5 per cent. over the share price of 21.0 pence per DEO Share on 25 May 2012. |
Posted at 29/5/2012 09:25 by greyingsurfer Anyone selling Deo at the price this morning shouldn't have held the shares in the first place.Your logic escapes me. People didn't buy DEO because they wanted PMG paper. Many will feel that it's far better to take what can be obtained now in the market than ending up with shares in a company whose share price has little obvious means of support (other than DEO's assets). |
Posted at 29/5/2012 08:57 by p o n a FoxDavies :DEO Petroleum (DEO LN, 255p, ▼ 4.7%) - A lesson in Value and Worth: Parkmead has offered the regulation 30% premium to the prevailing pre-offer share price, valuing DEO at less than $1/bbl. DEO's management has recommended the offer. Who is failing who here? I am pretty certain that DEO's management believed at their IPO that they were worth more than that. Yes there is a lot of work for the management team to do before UKCS reserves can be valorised, but it is worth more than the $1/bbl being offered; if it were cash, it may be more understandable, but this is an all share deal. If a management team can have that little appreciation of their own worth, why should anybody else? The silver lining to the cloud is that DEO's shareholders can be assured that in Tom Cross, they will align themselves with a CEO who not only has a proven track record in generating value for shareholders, but maximises the value of the company's asset base. We agree with DEO's management that this offer should be accepted, although not for the same reasons. In this news: Based on the price of a Parkmead Share of 14.75 pence, being the Closing Price of a Parkmead Share on 25 May 2012, the Acquisition values the entire issued and to be issued share capital of DEO at approximately £12.7 million, and each DEO Share at 29.5 pence. This is based on 43,109,931 DEO Shares in issue as at the date of this announcement. The consideration of 29.50 pence for each DEO Share represents a premium of approximately: 40.5 per cent. over the Closing Price of 21.00 pence per DEO Share on 25 May 2012, being the last practicable date prior to this announcement; and 30.5 per cent. to the average Closing Price of 22.61 pence per DEO Share for the one month period up to and including 25 May 2012, being the last practicable date prior to the date of this announcement. |
Posted at 27/3/2012 20:38 by the marlboro man Found it now.. But doesn't explain much. 12 May 2011 DEO Petroleum plc ("DEO" or "the Company") DEO AND PARKMEAD SIGN STRATEGIC PARTNERSHIP IN CENTRAL NORTH SEA DEO Petroleum U.K. Limited ("DEO") and the Parkmead Group plc ("Parkmead") are pleased to announce the signing of a strategic alliance agreement pertaining to certain areas of the United Kingdom Central North Sea. The companies have agreed to pursue joint opportunities and collaborate together on a 50:50 basis in three specific areas within the UK Central North Sea. The collaboration arrangements in these areas will initially span the period through to December 2013. In addition to working together in the anticipated UKCS 27th Licensing Round, DEO and Parkmead are also looking at joint acquisition opportunities in the identified areas. The parties have also agreed, subject to the necessary regulatory consents, that during the application, bidding and exploration phases Parkmead will act as exploration operator for the partnership and following commercial discovery DEO will assume the role of development operator. |
Posted at 27/3/2012 20:15 by the marlboro man Surprised there hasn't been a bid here with such a low market cap. A placing is out of the question now with such a low share price So a farm-in agreement looks like the only option. They are tied up some way with Parkmead/Cross, but I forget the details. Do Parkmead have much cash lying around, I wonder? If DEO own 51% of Perth, then there's plenty of scope for a farm-out. The share price would then rise accordingly (as the current valuation is tiny), thus enabling them to do a placing (at a much higher price) to raise the rest of the costs. DEO's must raise £110m to to develop Perth. Not invested here, just trying to get my head around it. Perth isn't exactly a small field. Perth Core 14mmbbls Net 2C, 85% COS. Perth North 8.3mmbls (prospective) ,77% COS. |
Posted at 01/3/2012 08:15 by liquid millionaire DEOYup agree with you TOPINFO on DEO as i mentioned DEO yesterday morning before i went out for the day to see the football. In a really hot oil & gas sector the likes of DEO have still not imo been fully noticed. Could see DEO having a very strong run now up to say £1+ TOPINFO - 1 Mar'12 - 07:57 - 71214 of 71232 LM says £1.00 DEO, chart breakout and IAE offer talks, DEO capped £13 mill for North Sea Oiler. Do the maths and you will see why DEO should fly now! |
Posted at 09/1/2012 16:21 by ghhghh Appears market panicking that Deo must raise £112m to fund 52% of their development costs for Perth but with market cap of only £8m an equity raise too dilutive.Taking Edison's most recent Note and updating for 52% and 85% Chance of Commerciality Perth Tartan = 20.8m gross *0.52 * $5.3 * 0.85 = $63.25m Perth FPSO upside = 6.7m gross * 0.52 * $6.9 * 0.85 = $20.4m Perth North = 15.9m gross * 0.52 * $5 * 0.30 = $12.4. (although latest CPR estimated CoC of 77%, up from 54%) Total $96m or £60m. Lets say Deo sell 30% of their 52% for pro rata £34.6m. Development costs for remaining 22% now £47.5m - (22/52*£112m = £47.5m). Deo finance 40%, hence borrow £19m. Cash required therefore £47.5m less £19m = £28.5m. Add 10%/£4.75m for contingencies takes cash required to £33.25m, leaving circa £1m for the gin bill. Hence on Edison's figures (and with conservative risking of only 30% for Perth North), Deo could finance Perth and be left with 22%. This 22% would be valued at 60p a share (plus £6m contingency cash worth 14p per share) And would still have 12.6% of Spaniards which could be a multi bagger. What worries me is that on this basis Deo could sell the whole company, subject to FDP, for > 140p per share and that seems insane with share price at 19p! I spoke to Deo this morning and unaware of reason for last week's price fall. |
Posted at 12/10/2011 13:16 by triples Here's Paul's post from the SQZ thread:ghhghh - 12 Oct'11 - 09:47 - 1982 of 1985 pigeon Thanks for the heads up re Canadian Overseas - looks good value and I bought a few yesterday. I know some of you are keen on Spaniards. I've also been buying more DEO for this angle. DEO trading at sgnificant discount to it's Perth development project. Richard Slape of Canaccord (using US$87.50 per barrel flat real/12% discount rate) reckons Phase 1 alone could be worth US$150 million. That's about 95p for DEO's 42% stake. The FDP was submitted end Sept and the big question mark is how will DEO fund their share of development with £14m market cap and only £3.5m cash. My guess is that they will farm out. If we assume that Peth more than covers current share price, that leaves DEO's 12.6% stake in Spaniards in for free - they have carried interest for first well. According to recent First Energy broker note, Nautical's Gamma/Spaniards prospect worth 181p to Nautical unrisked. That's £160m by my calcs. DEO shares in issue only 42m so that's 370p a share versus 33p share price. Has anyone seen other broker note valuations for Gamma/Spaniards? Serica have 21% interest and are paying 30% of first well cost. By my calcs SQZ's 21% interest worth £112m or 63p a share on pro rata basis. DEO also has JV with Parkmead to acquire new projects with Parkmead doing the sourcing and DEO the development work. Parkmead trading at premium to NAV thanks to Tom Cross effect but DEO offers same opportunities at discount to NAV. |
Posted at 30/6/2011 14:07 by topinfo Nice!!!!!!!!!!!!!#DJ Deo Petroleum PLC Amalgamation Agreement TIDMDEO TIDMFPM TIDMEO. TIDMNPE TIDMSQZ RNS Number : 4775J Deo Petroleum PLC 30 June 2011 DEO Petroleum PLC ("DEO" or "the Company") ANNOUNCEMENT OF AN AMALGAMATION AGREEMENT AND FIRM WELL COMMITMENT The Perth Licence co-venturers in Block 15/21a, DEO Petroleum UK Limited, Faroe Petroleum UK Limited, Maersk Oil UK Limited and Atlantic Petroleum UK Limited (together the "Perth Group") are pleased to announce that they have reached commercial agreement with the Block 15/21g co-venturers, EnCore Oil plc, Nautical Petroleum plc and Serica Energy (UK) Limited (together the "15/21g Group"), on the amalgamation of a sub area of 15/21a with Block 15/21g to create a single conjoined area (the "Amalgamated Area"). Under the terms of the agreement the parties, subject to the necessary DECC consent and the formulation of a detailed legal agreement, will have the following respective equities in the newly Amalgamated Area: Perth Group: ------- Deo Petroleum UK Limited 12.62% ------- Faroe Petroleum UK Limited 8.40% ------- Atlantic Petroleum UK Limited 3.24% ------- Maersk Oil UK Limited 5.74% -------------------- 15 / 21g Group: ------- EnCore Oil plc 28.00% ------- Nautical Petroleum plc 21.00% ------- Serica Energy (UK) Limited 21.00% -------------------- The parties have also confirmed a firm well commitment to DECC on the Spaniards prospect to assess whether it is a continuation of the updip Gamma discovery which flowed at 2,660 bopd from the Upper Jurassic Galley sands. The Spaniards well is expected to be drilled in the second half of 2012 and will satisfy the licence and fallow commitments. The Spaniards well is to be funded 100% by the 15/21g Group on a dry hole basis. It is agreed that the costs of any second well will be borne 42.8% by the Perth Group and 57.2% by the 15/21g Group again on a dry hole basis. David Marshall, DEO Chief Executive Officer Comments: "We are pleased that the respective groups have been able to reach agreement on the amalgamation of the equity as well as commiting to the drilling of an appraisal well. This offers the opportunity for the Perth Group to enhance the unappraised Gamma discovery into a meaningful commercial accumulation. Gamma/Spaniards is in close proximity to our Perth field where we are continuing to progress our plans for field development. This demonstrates an important step for DEO in becoming a leading, multi-asset exploitation and production company in the Central North Sea". 30 June 2011 Enquiries: DEO Petroleum plc David Marshall, Chief Executive Officer + 44 (0) 1224 672 111 Heather Ruth, Communications Officer Canaccord Genuity (Nominated Adviser and Joint Broker) Charles Berkeley / Henry Fitzgerald-O'Connor + 44 (0) 207 050 6500 FirstEnergy Capital LLP (Broker) Hugh Sanderson / Derek Smith + 44 (0) 20 7448 0200 College Hill Simon Whitehead / Nick Elwes / Alexandra Roper + 44 (0) 20 7457 2020 Notes to editors: DEO Petroleum DEO is an Aberdeen based company whose strategy is to invest in North Sea oil development and production projects with the potential to generate high value returns for shareholders. DEO's ambition is to be a leading independent energy company within the UK Continental Shelf sector with a reputation for technical and commercial innovation and dynamic project delivery. DEO has a highly experienced management team who will seek, within its asset portfolio, to design creative development solutions particularly where there are technical and/or other challenges, to execute the project delivery of that solution, and to operate throughout the development and production phase of the asset's life-cycle. The area of the Perth Field, subject of a Field Development Plan to be submitted by the Perth Field Group in September 2011 is unaffected by this deal. www.deo-petroleum.co This information is provided by RNS The company news service from the London Stock Exchange END AGREAAKEDESFEFF (END) Dow Jones Newswires |
Posted at 12/5/2011 07:02 by moreforus nice!rategic Partnership with Parkmead TIDMDEO 12 May 2011 DEO Petroleum plc ("DEO" or "the Company") DEO AND PARKMEAD SIGN STRATEGIC PARTNERSHIP IN CENTRAL NORTH SEA DEO Petroleum U.K. Limited ("DEO") and the Parkmead Group plc ("Parkmead") are pleased to announce the signing of a strategic alliance agreement pertaining to certain areas of the United Kingdom Central North Sea. The companies have agreed to pursue joint opportunities and collaborate together on a 50:50 basis in three specific areas within the UK Central North Sea. The collaboration arrangements in these areas will initially span the period through to December 2013. In addition to working together in the anticipated UKCS 27th Licensing Round, DEO and Parkmead are also looking at joint acquisition opportunities in the identified areas. The parties have also agreed, subject to the necessary regulatory consents, that during the application, bidding and exploration phases Parkmead will act as exploration operator for the partnership and following commercial discovery DEO will assume the role of development operator. David Marshall DEO's Chief Executive Officer commented: "We are delighted to join forces with Parkmead in pursuing opportunities in these key areasof the UK Central North Sea. The strategic partnership offers DEO the opportunity to expand into areas beyondour core Perth assets,whereour existing relationships are strong and unchanged. The Parkmead Group hasan outstanding team of industry professionals with a proven track record of identifying excellent exploration and appraisal targets. Parkmead is particularly knowledgeable about opportunitiesand assetsin this region. DEO's core expertisein development and production makes this a very strong joint venturegrouping; together we can bring the full range of skillsto the life cycle of prospective oil and gas assets." Tom Cross, Executive Chairman of Parkmead commented: "This strategic partnership is a win-win for both companies and we are very pleased to be working with DEO, whose core skills are entirely complementaryto Parkmead's. Our combined teams share a deep understanding of the North Sea and this collaborationwill allow both companies to create and accelerate significant value for our respective shareholders." Enquiries: DEO Petroleum plc +44 (0) 1224 672111 David Marshall, Chief Executive Officer Heather Ruth, Communications Officer Merchant Securities Limited (Nominated +44 (0) 20 7628 2200 Adviser) Lindsay Mair / Virginia Bull FirstEnergy Capital LLP (Broker) + 44 (0) 20 7448 0200 Hugh Sanderson / Derek Smith The Parkmead Group plc +44 (0) 1224 622200 Tom Cross, Executive Chairman tom.cross@parkmeadgr Niall Doran, Chief Executive Officer niall.doran@parkmead Kathryn Ramsay, Investor Relations kathryn.ramsay@parkm Charles Stanley Securities +44 (0) 20 7149 6000 Nominated Adviser & Broker Marc Milmo/Carl Holmes |
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