SA News • Mon, Oct. 6
There are 3 articles on this stock available only to PRO subscribers.
There are no Transcripts on DRAGF.
Mon, Oct. 6, 12:54 PM
- Dubai's Dragon Oil (OTCPK:DRAGF) is proposing a €492M ($789M) cash offer for Petroceltic International (OTC:PTIFF), both companies say, at a 29% premium to its Friday closing price in London.
- Dragon has long sought to diversify beyond its current reliance on Turkmenistan, where it has one successful offshore oil and gas asset, and any deal with Petroceltic would give it access to E&P assets in countries including Algeria, Egypt, Kurdistan and in the Middle East.
Jul. 5, 2012, 2:13 PMSeven energy companies have joined ExxonMobil (XOM) in expressing interest to bid for the right to explore for oil and gas in Afghanistan, including Dubai-based Dragon Oil (DRAGF.PK) and Thailand's PTT. The Afghan-Tajik Basin blocks may contain up to 1B barrels of oil, according to the U.S. Geological Survey. Bids will be accepted in the fall. (earlier) | 2 Comments
DRAGF vs. ETF Alternatives
Other News & PR