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DGO Dragon Oil

798.50
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Dragon Oil LSE:DGO London Ordinary Share IE0000590798 ORD EUR0.10
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 798.50 0.00 00:00:00
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 0 798.50 GBX

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Dragon Oil (DGO) Discussions and Chat

Dragon Oil Forums and Chat

Date Time Title Posts
02/8/202306:45DRAGON OIL, WE NEED GAS PRODUCTION NEWS50,834
07/8/201507:20735p - Get stuffed ENOC - Dragon is worth twice that4
22/5/201512:29455p - Get stuffed ENOC - Dragon is worth twice that15
18/6/201215:51shirley 6-
26/1/201209:01DGO22

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Dragon Oil (DGO) Top Chat Posts

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Posted at 27/9/2021 08:34 by chessman2
Yes. The price paid was £8.50 per share.
Posted at 07/3/2021 13:41 by ccraig69
It got bought out by enoc for about a tenner a share iirc
Posted at 03/6/2019 15:29 by dcarn
DGO buying BP assets in Egypt.

Hope thats BP building a kitty to bid for HUR.
Posted at 21/12/2015 10:28 by will 15
Hi everyone. been working abroad for awhile and on arriving home have found DGO are no longer trading. Can anyone enlighten me of how to dispose of my shares without CAPITA. Do not see why any of these parasitical companies should benefit from our investments.
Posted at 21/8/2015 21:08 by fido
oscarino,
Looking back at the annual reports going back to 1995.
In April 1996 there was a placing and open offer at 1.5p a share.
In June 1997 there was a rights issue at 2.0p
In September 1997 the shares were consolidated 25-1.
_____________________________________________________

RNS No 8430d
DRAGON OIL PLC
24th July 1997


DRAGON OIL PLC (Dragon or the Company)

Dragon announces that its Rights Issue to raise approximately Stg#65 million,
before expenses, has been successfully completed. 91% of the shares
provisionally allotted were taken up by Qualifying Shareholders or renouncees.

3,248,906,962 New Ordinary Shares were issued at a price of Stg2p per New
Ordinary Share on the basis of three New Ordinary Shares for every five
Ordinary Shares held.

The New Ordinary Shares not taken up by Qualifying Shareholders were sold in
the market at a price of Stg2.25p, a 12.5% premium over the issue price and
this premium, net of commission, will be distributed pro rata to the
provisional allottees originally entitled thereto, who have not taken up their
entitlements, except that individual entitlements of less than Stg#3 will be
retained for the benefit of the Company.

__________________________________________________________



RNS No 2675m
DRAGON OIL PLC
29th August 1997


DRAGON OIL PLC

Dragon Oil plc today announces that effective from 8.30 a.m. on 1 September,
1997, in accordance with the terms of the consolidation of share capital
approved by Shareholders on 29 July, 1997, the consolidation of the Companys
share capital on a 1 for 25 basis has taken place.

There are therefore 347,154,953 consolidated ordinary shares in issue at a
nominal value of IR25p. In addition, there are 9,845,214 consolidated
warrants listed, at an exercise price of Stg41.25p.

Dealings in these consolidated ordinary shares and consolidated warrants will
commence in both certified and uncertified form at 8.30 a.m. on 1 September,
1997.
_____________________________________________________

As a PS, it was part of the placing in 1996 that £37.5m was raised by the issue of 2,500,000,000 shares at 1.5p a share to an Indonesian investor who subsequently sold his stake to ENOC at 15p a share( post consolidation), because of a conflict of interest issue.
At no stage has ENOC put money into Dragon.

Hope that helps.
Posted at 07/8/2015 11:45 by prophets and losses
If the share price falls by the divi amount when the share goes ex div, as usually happens, then you could buy the share cheaper then anyway. I would think it depends on how long you propose to keep the shares, how significant the dividend is in relation to day to day share price volatility or whether you expect the price to rise anyway regardless of the dividend.
Posted at 07/8/2015 10:59 by richardbroughton
Hi, thanks for that but I am not talking about interest but dividends, different thing, e.g HSBC are going ex div of 10 US cents or about 6.5 p on 13/08, about 1.1% or £880 on £80K, payment on 02/10. That's a quarterly payment. Of course, there are risks with the share price as with any share but the return is better than sitting on DGO shares for 6 weeks while the market price is so close to the offer price.
Posted at 07/8/2015 07:20 by spob
On 17 March 2015, Dragon Oil announced that it had received an approach from ENOC regarding a possible offer for the entire issued and to be issued share capital of Dragon Oil that it does not already own. The proposal received valued Dragon Oil at 650 pence per Dragon Oil Share. The Independent Committee rejected this proposal, engaged in extensive discussions with ENOC, and undertook shareholder consultation regarding the approach.

On 21 May 2015, after a series of further proposals, which were also rejected, ENOC announced a revised proposal of 735 pence per Dragon Oil Share. The Independent Committee considered this proposal and again consulted with shareholders as part of its assessment.

On 15 June 2015, the Independent Committee and ENOC announced a recommended cash offer by ENOC of 750 pence per Dragon Oil Share.

In coming to a view on its recommendation, the Independent Committee had taken into account the value being offered by ENOC and the Independent Committee's views on the current position and the future prospects of Dragon Oil. The Independent Committee, assisted by its financial advisers, Nomura and Davy Corporate Finance, had modelled numerous macro and operational growth scenarios and undertaken a detailed valuation exercise of the assets and prospects of the Dragon Oil Group. In addition, the Independent Committee had engaged with minority shareholders throughout its consideration of the proposed transaction.

The Independent Committee has confidence in the management of Dragon Oil and the future prospects of the Dragon Oil Group and was of the view that the Offer reflected these prospects, offering Dragon Oil minority shareholders an attractive exit price, and was in the best interests of Dragon Oil minority shareholders as a whole.

The document containing (among other things) the full terms of, and conditions to, the Offer and the procedures for acceptance (the "Offer Document") was posted by ENOC to Dragon Oil Shareholders together with the Form of Acceptance on 1 July 2015.

As at 1:00 p.m. (Dublin time) on 31 July 2015, ENOC had received acceptances of the Original Offer valid in all respects relating to 76,568,990 Dragon Oil Shares (the "Valid Acceptances"), representing (i) approximately 15.5 per cent of the current issued share capital of Dragon Oil and (ii) approximately 33.1 per cent of the voting rights held by the Independent Shareholders on the date of the Rule 2.5 Announcement, which ENOC may count towards the satisfaction of the acceptance condition to the Offer. ENOC also had intended acceptances of the Original Offer relating to 6,502,572 Dragon Oil Shares (the "Intended Acceptances"), representing approximately 1.32 per cent of the current issued share capital of Dragon Oil.

On 2 August 2015, the Board of ENOC announced a revision to the original offer price of 750 pence for each Dragon Oil Share (the "Increased Offer"). Under the terms of the Increased Offer, Dragon Oil Shareholders are entitled to receive 800 pence in cash for each Dragon Oil Share. The Independent Committee unanimously recommended that minority shareholders accept the Increased Offer.

ENOC received firm irrevocable undertakings from Baillie Gifford and Elliott Capital Advisors to accept or procure the acceptance of the Increased Offer in respect of 64,505,038 Dragon Oil Shares representing 13.1 per cent (in aggregate) of the issued share capital of Dragon Oil (the "Further Irrevocables").

ENOC waived the acceptance condition set out in paragraph 2(a) of Appendix I of the Offer Document together with the conditions set out in paragraphs 2(b) to (i) in Appendix I of the Offer Document and declared the Offer unconditional in all respects on 2 August 2015.

Subject to the applicable requirements being met, ENOC intends to procure the de-listing of the Dragon Oil Shares from the Irish Stock Exchange and the London Stock Exchange.

Dragon Oil Shareholders who have already validly accepted the Original Offer need take no further action; their acceptances will be treated as acceptances of the Increased Offer.

The Increased Offer will remain open for acceptance until 3:00 p.m. (Irish time) on 28 August 2015 (or such later time as ENOC may determine).
Posted at 31/7/2015 06:37 by bealey
Emirates National Oil Company Ltd Level of acceptances and extension of the OfferSource: UK Regulatory (RNS & others)TIDMIRSH TIDMDGORNS Number : 6750UEmirates National Oil Company Ltd31 July 2015NOT 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 OR REGULATIONS OF THAT JURISDICTION.Dublin & London, 31 July 2015For immediate releaseEmirates National Oil Company Ltd. (ENOC) L.L.C. ("ENOC")Recommended cash offer for the shares in Dragon Oil plc ("Dragon Oil") not already owned by ENOCLevel of acceptances and extension of the Offer-- Valid acceptances of approximately 14.5 per cent of the issued share capital, representing approximately 30.8 per cent of the voting rights held by the Independent Shareholders on the date of the 2.5 announcement -- Further Intended Acceptances of approximately 2.3 per cent of the issued share capital -- Offer extended to 28 August 2015 On 1 July 2015, the Board of ENOC and the Independent Committee of the Board of Dragon Oil announced that the document containing (among other things) the full terms of, and conditions to, the Offer and the procedures for acceptance (the "Offer Document") was being posted by ENOC to Dragon Oil Shareholders on that day together with the Form of Acceptance. Capitalised terms used but not otherwise defined in this announcement have the meanings set out in the Offer Document.The Offer Document stated the cash price of 750 pence per Dragon Oil Share offered by ENOC pursuant to the Offer (the "Offer Price").The Board of ENOC are pleased to confirm that they have now received valid acceptances and interests in Dragon Oil Shares as set out below.Level of Acceptances and Interests in Dragon Oil SharesAs at 16 March 2015 (the day before the commencement of the Offer Period), ENOC confirms that it held 265,263,515 Dragon Oil Shares, representing approximately 53.9 per cent of the issued share capital of Dragon Oil at that date.As at 3.00 p.m. (Dublin time) on 30 July 2015 (being the Initial Closing Date), ENOC had received acceptances valid in all respects relating to 71,369,895 Dragon Oil Shares, representing (i) approximately 14.5 per cent of the current issued share capital of Dragon Oil and (ii) approximately 30.8 per cent of the voting rights held by the Independent Shareholders on the date of the 2.5 announcement, which ENOC may count towards the satisfaction of the acceptance condition to the Offer.So far as ENOC is aware, none of the acceptances detailed above have been received from persons acting in concert with ENOC.In addition, as at 3.00 p.m. (Dublin time) on 30 July 2015 (being the Initial Closing Date), no persons acting in concert with ENOC had an interest in, a right to subscribe in or a short position in certain Dragon Oil relevant securities.Accordingly, as at 3.00 p.m. (Dublin time) on 30 July 2015 (being the Initial Closing Date), ENOC and persons acting in concert with ENOC either owned or had received acceptances of the Offer in respect of a total of 336,633,410 Dragon Oil Shares, representing in aggregate approximately 68.2 per cent of the issued share capital of Dragon Oil.In addition, as at 3.00 p.m. (Dublin time) on 30 July 2015:- ENOC had received completed Forms of Acceptance in respect of 1,175,483 Dragon Oil Shares, representing approximately 0.2 per cent of the current issued share capital of Dragon Oil, that were not accompanied by the required share certificates and/or documents of title; and - TTE Instructions had been made in respect of 10,271,897 Dragon Oil Shares, representing approximately 2.1 per cent of the current issued share capital of Dragon Oil, in respect of which a signed corresponding Form of Acceptance has not been received; (together, the "Intended Acceptances").Once the outstanding documentation in relation to the Intended Acceptances is received by ENOC, the Dragon Oil Shares to which the Intended Acceptances relate will be counted towards the satisfaction of the acceptance condition to the Offer.All Dragon Oil Shareholders are reminded that, whether they hold their Dragon Oil Shares in certificated form (i.e. not in CREST) or in uncertificated form (i.e. CREST), they must return a completed Form of Acceptance to Capita Asset Services, Shareholder solutions, P.O. Box 7117, Dublin 2, Ireland in order to validly accept the Offer. Further instructions are contained in paragraph 10 of Part II of the Offer Document.The percentages of Dragon Oil Shares referred to in this announcement are based upon a figure of 493,511,305 Dragon Oil Shares in issue on 30 July 2015 or, where a percentage relates to Independent Shareholders, a figure of 491,885,605 Dragon Oil Shares in issue on the date of the 2.5 announcement, of which 226,622,090 were held by the Independent Shareholders.Save as set out above, on 30 July 2015 (being the Initial Closing Date), neither ENOC nor any person acting in concert with ENOC has any right to subscribe for any relevant securities of Dragon Oil nor does any person have any such short position (whether conditional or absolute and whether in money or otherwise), including any short position under a derivative or any arrangement in relation to any relevant securities of Dragon Oil. For these purposes, "arrangement" includes any agreement to sell or any delivery obligation or right to require any other person to purchase or take delivery of any relevant securities of Dragon Oil and any borrowing or lending of any relevant securities of Dragon Oil which have not been on-lent or sold.
Posted at 16/7/2015 21:38 by saget
Exbroker:
I must say you do have courage of your convictions to buy 10000 shares at the current price.
I do have a few more shares than that and I think that's plenty for now and so won't be buying more anytime soon.

DGO works great as a dividend vehicle.
And if the dividend is cancelled then guess what, the share price will go up, so a NO vote from me.
Dragon Oil share price data is direct from the London Stock Exchange

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