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DPL Dominion Pet

7.25
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 7.25 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Dominion Pet Share Discussion Threads

Showing 4951 to 4974 of 5200 messages
Chat Pages: 208  207  206  205  204  203  202  201  200  199  198  197  Older
DateSubjectAuthorDiscuss
29/7/2011
18:51
I agree JSB123, the AC ambiguity needs to be resolved. Its interesting to note that everyone on the iii board (over a 100 ppl by vote) seems to have turned against the consolidation and MOG plan now, while virtually everyone accepted it originally (myself included, though I don't post on iii).

Anyway, as encarter says, drawing a line under it now is what we need to do, but the BOD may be upto something, who knows, this can't have been good for their egos.

rockhopper989
29/7/2011
08:00
Lets draw a line under it now, get some farm out news out and get the share price heading to 10p.
encarter
28/7/2011
19:12
Rockhopper US$ 250,000 to sever all connections with MOG now and forever would be a cheap price to pay IMHO. The fact that AC is involved with MOG is shall we say an ambiguity that would also be good to see resolved one way or another.
jsbach123
28/7/2011
18:35
Surely there must be some conflict of interest issues with our agreement to pay MOG 250,000?

Oh well, if only they can move on now and drill blockbuster 7.

Maybe the BOD thought that with the possibility of both bloc 7 and Kenya being farmed out in unison, they'd no longer have anything to do in the office while the operator got to work?

rockhopper989
28/7/2011
15:55
Good to see the share price recover gradually after recent farce - lets hope that AC and RS do nothing more to destroy shareholder value. An announcement that they have paid the US$ 250,000 and have abandoned any linkages whatsoever between DPL and MOG would give extra reassurance.
jsbach123
27/7/2011
18:30
Wow, DPL share price is showing as 420p in my Selftrade account! Wonder if I can sell for that tomorrow. ;-)
oiht
26/7/2011
20:49
*ipstick for CEO.. foxtrot oscar! Out the door along with AC!
drambui
26/7/2011
16:30
they have a director with a lot of experience his name is Atul Gupta who use to be a director in Burren also he sits in the board of various companies such as severn energy which operating in Nigeria and is the co founder of Zhaikmunai in Kazakhstan the other founder is Mikhial Ivanov who is a chief executive in Volga gas. His other Burren Buddies have set up a company called Bayfield which was floated last week which is operating in Trinidad and south Africa and also in the Caspian sea all with some success so i think he is worth having i a company
markkelly118
26/7/2011
13:31
Apart from appoint 'the lipstick' as CEO i agree totally with the sentiments above and probably most holders do as well thus the No vote.
Why not use all your energy and resources to get value from Tanzania and Kenya? I wonder what the rationale is.

dizzylizzy2
26/7/2011
12:38
I quite liked this post from iii, I hope the poster (deepcalm) does not mind me posting it here. I agree with most of its contents, although personally I was happy with the Malta licence though concerned it spread us a bit thin, anyway, on to deepcalm's message:


There were two fundamental issues with the SGM agenda and funding call:

1) There was no funding for drilling Block 7. This implies that the BOD were planning on farming out a massive percentage or coming back for more money again and dilluting us further. Neither of which i think any of us want.
2) Malta/MOG is a complete distraction. We have licenses across 3 geographies in Africa on which we still seem to be faffing around on seismics. The last thing we need is for more time to be spent distracting us from that task.

My personal opinion is that Atul gupta and Dennis Crema deserve their place as directors; however, I think Andrew Cochran should step down to focus on his other interests and that Rob Shepherd should become CEO with immediate effect.

What is clear in my personal opinion is that the whole SGM strategy was wrong; Malta an unecessary distraction and lacked focus on completing our funding for Block 7. If the board present another SGM agenda with Malta/Mog and dilution again the impact will be catastrophic. What is evident from iii this morning is that there are a lot of PIs who agree and if asked to vote again will vote no next time.

The next SGM agenda needs to focus on two things: Full funding for Block 7 and completing seismics for Kenya and Uganda.

rockhopper989
26/7/2011
12:17
Dominion Petroleum Ltd (DPL:LSE): Last: 4.08, down 0.37 (-8.31%), High: 4.75, Low: 3.92, Volume: 5.28m
NH they had to abandon a big fund raising yesterday
NH $40m
NH although that had been scaled back from $55m
NH and the reason
NH well as far as I can make out
NH Dominion is a play on East Africa
NH quite a hot market
NH and then the company turns round
NH and says it want to invest off shore Malta
NH with this company
Mediterranean Oil & Gas PLC (MOG:LSE): Last: 11.23, down 0.52 (-4.43%), High: 11.00, Low: 11.00, Volume: 29.36k
NH which is odd
NH and odder still when you learn MOG's chairman
NH is the CEO of Dominion
BE Coincidence, surely.
NH of course it is
NH but anyway the failure to get the cash call away
NH leaves the company is something of a bind
NH it has some potentially interesting assets
NH but doesn't have the firepower to finance
NH back to the sector watcher
NH DPL got itself in a bit of a mess yesterday as it failed to win shareholder approval for a recently announced equity raise. Having said on June 24 it was looking to raise $55m to repay a convertible, raise working capital for its East African assets, and take a 75% stake in a licence offshore Malta, it then said on June 27 that it had raised only $40m and at a price of a deeply discounted 3.5p/share. The shares had been trading at 5p immediately before the announcement and 6p two weeks before. It also said that it had recently rejected a nil-premium all-share merger approach. Yesterday morning the group announced that it had only reached 63% shareholder approval for the deal, some 3% short of the 66% required for all the resolutions to be passed. It confirmed at lunchtime that it had failed at a Special General Meeting to reach this level.
NH It appears that a number of shares are held as CFDs, as well as there being a high number of retail investors, and this probably played a part in the stalled process. However at the same time management has to take some responsibility for the failure, especially as the placing has been coming for months, hence perhaps a bit more work could have been done prior to coming to market. Simply putting a bulge bracket bank like BAML on the ticket is clearly no guarantee of success. It's unclear where the group goes now, given that it still has $28m of convertible notes. DPL's assets offshore Tanzania and Kenya certainly look extremely interesting and potentially have enormous value, but monetising these is proving difficult. Difficult one to call – probably a Hold for the time being.
NH worth keeping track of
NH I suppose this could be a merger target
NH markets live ft to day

patboy
26/7/2011
11:20
Wow. Goldman sachs rating DPL at 244 !! Any one got link to their research note ? I am thinking about opening a position here .. Thx
attrader
26/7/2011
10:55
Yes, funny as!
drambui
26/7/2011
10:50
iii is interesting this morning, a complete reversal of the yes men prior to the vote.
poo bear
26/7/2011
10:18
Why can't DPL at least get some new Directors with a bit of experience at Board level?

The 2 newbies announced this morning only have ~47 Directorships of other companies between them...... they are clearly bloody amateurs. :-)

tonudiki
26/7/2011
10:04
Seems these new directors don't last anywhere. Hope they know what there doing.
sashimi
26/7/2011
09:49
Block 7 will be a company maker if they can find a partner to share the cost, Uganda is dry imho. They are an oil exploration company, they need to keep picking up acreage to exist and one day they may find oil. Until then there will be many ups and downs. Best to sell on the ups and buy on the downs imho.
encarter
26/7/2011
08:31
encarter - your take on the strategy here is exactly the reason why I sold. You said the more assets the co has the better the chance of success in finding oil! Well, that is scary to me. Why? because I'm thinking that the co has some new information resulting from those who did the due dilligence on block 7 that shows the potential there is not in line with expectations and that means noone wants to farmin to the area. If that's the case then for DPL to survive it had to find other assets to develop.
I continue to watch from the sideline.

dizzylizzy2
26/7/2011
07:30
He used to be with SMDR who operate in the same area as Coastal Rayrac...Luckily I hold both

Both SMDR & CEN are good companies,unlike the scheming shysters here.
unfortunately I still have a few of these

tommyttrades
26/7/2011
07:12
I would have thought he had enough on his plate. But heck, this co looks to be stretched and begging?
rayrac
26/7/2011
06:25
Andrew Cochran takes NED post at Coastal Energy:
exmooroil
26/7/2011
06:16
The Malta rubbish; a statement from MOG

"The board of Mediterranean Oil and Gas notes the statement issued by Dominion Petroleum Limited ("Dominion Petroleum") on 25 July 2011 at 2.51pm and its impact on the proposed agreement for Dominion Petroleum to acquire a 75% working interest in Area 4, offshore Malta, which was announced on 24 June 2011.

Mediterranean Oil and Gas is currently in discussions with Dominion Petroleum as to the most appropriate course of action in the light of the necessary resolutions to give effect to this agreement not being passed at Dominion Petroleum's Special General Meeting.

A further announcement will be made as soon as is practical."

poo bear
25/7/2011
22:35
Yeah baby, excellent stuff.. how do you like your egg on faces chaps.. sunny side up, lol? Now, after such a slapdown in spite of their outrageous manouvering you would think the honourable thing to do would be to resign.. would be a fillip for the shareprice to I daresay? Don't hold your breath though with this BOD! All in my humble.
drambui
25/7/2011
16:38
Well, the share price has risen strongly as the resolutions have not been passed, perhaps the people who voted 'No' should be thanked for restraining the BOD from unwise moves.
jsbach123
Chat Pages: 208  207  206  205  204  203  202  201  200  199  198  197  Older

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