Dragon Oil Share Discussion Threads

[oscarino] 09/7/2015 17:39

I strongly suggest you all tweet @JamesHahnII ( Founder & CEO of Tribe Rocket. Brand architect, storyteller, & oilfield rainmaker. Unsolicited advice aficionado. Co-host This Week in Oil & Gas ) If enough people start tweeting him, who knows, he may end up discussing the situation on their radio station.

This is what Allen Gilmer has to say about him.

"It just keeps getting better! The oil and gas industry is lucky to have one of the rockstars of marketing strategy on OUR side of the fence. Not only does he help the top line of individual companies, our whole industry benefits from his strategies." - Allen Gilmer, Co-founder and CEO of Drillinginfo

[fido] 09/7/2015 11:32

Ugandan timetable:

It should be noted that the worlds biggest oil companies like Exxon Mobil and Shell were interested in these blocks but did not proceed because of risk factures, but it does go to show the upside potential for those willing to take that risk.

NOT BAD FOR A COMPANY LIKE DRAGON THAT HAS GONE EX-GROWTH AND HAS GROWN AS FAR AS IT CAN. The reality is that there is very large upside from Dragons international expansions let alone the probable doubling of production in Turkmenistan.

"Releasing the list of companies on Wednesday, the permanent secretary in the ministry of Energy, Fred Kabagambe-Kaliisa, said the ministry had received a significant number of Applications for Qualification (AfQ).

He attributed the significant number of applications to the fact that the Albertine graben is Uganda’s most investigated, de-risked and prospective sedimentary basin with surface coverage in Uganda of approximately 23,000 sq km. So far, the country boasts of 6.5 billion barrels of oil in place and 500 billion standard cubic feet of gas in the Alertine graben. More than 60 per cent of the graben is not yet explored.

The country plans to issue exploration licenses in six blocks. Kaliisa noted that the interest from the 19 firms represents a significant milestone given the several challenges the entire oil and gas industry is going through. He further explained that the government will undertake the evaluation of the Application for Qualification until July 30, 2015. The qualified applicants will be displayed on August 10, 2015.

He further explained that government will issue a Request for Proposal/ bidding and the model Production Sharing Agreement documents to qualified applicants on August 20, 2015. The applicants will then bid for blocks or a block of their interest after the mandatory acquisition of data in the blocks or a block through the physical data room at the directorate of petroleum in Entebbe.

The best evaluated bidders will proceed to negotiate with government before signing Production Sharing Agreements with them.

“Government has planned to award new Petroleum Exploration, Development and Production licenses before the end of this year if all goes according to the planned licensing roadmap,” Kaliisa explained in a statement".

[fido] 09/7/2015 11:25

oscarino,
Dragons oil is currently sold to world markets through Baku and Russia so in effect anyone can buy it but that is not the point in regard this takeover.
At the time of the previous Iranian oil swaps Dragons oil was brought by ENOC and it is my belief that the resumption of the oil swaps whereby ENOC will resume its purchases through the southern Iranian ports is a major reason for this takeover as it guarantees a cheap and reliable source of oil for Enoc`s refinaries.

[oscarino] 09/7/2015 11:11

Fido,

Who is buying Dragon Oil production ? i.e. which countries are buying our oil?

[eddiew] 09/7/2015 10:54

Exbroker no one will stay in dragon if ENOC achieves the percentage they require. If they get their offer accepted then I will sell we shouldn't just roll over and let them take it from us at a low ball price. The share price they are offering gives me nothing extra. I lwill lose my divi and have a CGT bill to pay and I have far more shares than you.

[dragon2go] 09/7/2015 09:53

Adwords advertising has stopped for thedragonoiloffer.com , here are the stats for what was achieved during the campaign in terms of site traffic.

[chessman2] 08/7/2015 20:52

Ex broker, as you say, anyone who stays on if the deal goes through would be crazy. I'm hoping for a higher offer but the share price is not pointing that way.

Maybe, just maybe, ENOC will not get their 50 per cent acceptance in which case I think they will increase the offer. If the large minority holders indicate they will accept 800p then the rest of us will have no choice but to follow.

[exbroker] 08/7/2015 19:47

I love you private investors you are great, without you I would never make money. You always belive that you are right and the market is wrong, too much emotion and too little thinking. If you manage to get me more for my 25000 dragon shares I will be a happy man but, for all the hot air on here how many of you will stay as minority holders if the deal goes through, very few i suspect.
Segat the arbs dont care what the company does they are just arbs, look it up if you dont know what they do!!
blakeboy7 I dont work for any one, I dont need to!!

[fido] 08/7/2015 17:33

Goodbody continues to rate Dragon as a buy:

[acordis2] 08/7/2015 13:50

Mine is a definite NO to this derisory offer by ENOC

[oscarino] 08/7/2015 11:38

Fido, Its a powerful tool and nearly all financial journos use it. The more we bombard these people with our gripes the better the chance we have have of reaching the masses.

[fido] 08/7/2015 11:25

Oscarino,
I am registered on twitter but I have never got into it that much. I will look later on tonight.

[oscarino] 08/7/2015 11:13

Pipeline Magazine is showing an interest in our plight so i would suggest everybody here tweet them with their views @PIPELINEtweets

[oscarino] 08/7/2015 11:07

Fido are you on twitter ?

[blakieboy7] 08/7/2015 09:57

Fido they were just as confident in 2009 :) history has a funny way of repeating itself

[fido] 08/7/2015 09:49

More ENOC trash:

[zedman_1] 08/7/2015 09:40

Johnmcd51: strictly speaking there is no "NO" vote as such. ENOC count up the acceptances. If the SHARES on these acceptances total more than 50% of the shares that ENOC do not hold, then they will start the delisting procedure. Bealey: that was the procedure in 2009 but this time it's the number of shares. 4000 shares = 4000 acceptances. ENOC need just over 50% of the shares they do not hold to be voted as acceptances.

[bealey] 08/7/2015 09:20

I'm not sure about this time but on the the last offer I thought it was one vote per share holder no matter how many shares were held

[johnmcd51] 08/7/2015 09:00

I am with Halifax share dealing and have the offer through, if I elect to accept the offer the shares will be removed from my account so that I can't then sell them before the offer closes. If I don't accept the offer I do nothing, what I am not clear about is do my shares (only 4000) count as 4000 votes against the offer automatically as I believe was the case when I had many more shares when the last Offer was made at 455p. I refused then, the same as now by the way.

[dragon2go] 08/7/2015 08:24

So far £300 has been contributed to the Adwords PPC funds. In addition to my own spend, this has allowed me to maintain a high rate of ad delivery through the high traffic period as people receive their offer documents and broker emails. The longer we can keep the ads running, the more attention I can generate in the media. So, consider this a gentle rattle of the tin.

If anyone is mindful to contribute but, they don't have a Paypal account, post or private message me an email address and I can send instructions for a way to make a Paypal payment without having to open an account

For those wil access to Paypal the address for contributions is [e-mail]

[fido] 08/7/2015 06:20

Just as a little warning to everyone, there has been a couple of posters pop up on various BB`s that sound like they are reading straight from the ENOC mandate.
Ignor and focus on the job in hand.

[blakieboy7] 08/7/2015 01:50

Ex broker sounds like an employee of enoc!! Desperate times I suppose :)

[saget] 07/7/2015 23:41

Exbroker are you talking rubbish or are you being sarcastic? Out of everyone in the world the Arabs know the least about running oil companies??
Is that the thrust of your argument?

Also thank you for clarifying your understanding of what a 'market' is, whereby "something is only worth what someone else is willing to pay for it".
I'd like to buy a Ferrari for £7.50, any takers?
Can you now spot the flaw in your thinking?