Dragon Oil reports production growth and Algeria bid success October 14, 2014 Dragon Oil confirmed yesterday in its interim management statement that it was still in detailed discussions concerning a bid for Irish company Petroceltic. According to the company’s report for the third quarter of 2014, it completed six new wells during the period, and increased production by 9.6 per cent compared with the level in the [...]
Dragon Oil proposal lights fire under Petroceltic share prices October 6, 2014 DRAGON Oil has proposed an offer of 230p per share for Irish oil and gas exploration company Petroceltic, which confirmed yesterday that it was in “detailed discussions” concerning a deal. Petroceltic’s share price soared by over 22 per cent following the announcement, which valued the company at £492m, while Dragon Oil’s fell by 1.5 per [...]