||COM SHS USD0.00004 (DI)
||EPS - Basic
||Market Cap (m)
|Oil & Gas Producers
Real-Time news about Dominion Pet (London Stock Exchange): 0 recent articles
|85gary: Your point is noted oilbuy, but Dominion have played their cards so I'm looking forward not backwards and I'm comfortable with what I see. I can't see any point in discussing a hypothetical share price, but that is not to say you are wrong.|
|silverfox373: Difference is Dominion did not have the cash to drill it and were fast running out of cash to survive. Raising cash in this market is not easy
The share price had stagnated but since the deal with Ophir it has risen sharply.
I expect it to test 7.5p again before the takeover is finalised.
Looking forward to holding shares in Ophir|
|oilbuy: Gary85 , if we were drilling block 7 ourselves where do u think the share price would be ? A lot better than it is now thats for sure .|
|jsbach123: One has to disagree with Tempus. The placing did not fail 'for technical reasons' it was (narrowly) voted down by shreholders because Cochran wished to saddle DPL with MOG (for unhappy reading check the MOG share price over the last three months). If DPL could get US$ 20 million farm in for 20% then another BOD might have had the guts (and the best interests of PIs at heart) to have remained funded and independent and got better deal longer term.|
|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.|
Take 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.|
|oilbuy: management plans to consolidate was a big risk and has damaged the share price ,the global problem has also added to the share price demise , good entry point here. Problem with aim most companies burn off so much money and only 10million left in the kitty . My concern surrounds the slow pace of farmout agreement .|
|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.|
|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.|
|jonny flame: The IC 4th June - 10th June have a few pages dedicated to 'Strike it rich, seven resources shares that could be the next Rockhopper'. Last week they also had a similar report on prospective oil shares. Not once have they mentioned DPL. Kind of weird as a commerical find in Uganda would see at least an RKH type increase in the DPL share price.|
Dominion Pet share price data is direct from the London Stock Exchange