Re: Don't be a mug Iran ready to export Turkmen oil & gas.[link]
Re: Dates JULY 31st
Dates When will we know if this has gone through or not?
holdings Unless my maths are suspect. the big 3 hold more than 17% of Dragon shares.
Re: Don't be a mug Let me refer back to a previous article to demonstrate a point. "Mr Hennigan, who says he has covered Dragon Oil for 10 years, reckons the long-term minority investors are familiar enough with the company to comment knowledgeably about its prospects. The stand-off between Enoc and the minority shareholders reflects the fact that many of those minorities who held the shares at the time of the previous attempt to acquire Dragon Oil by Enoc have a good understanding of how value has been created in the past, and a reasonable expectation that further value will accrue in the future" Many shareholders here will have personal experience through their Dragon holding of how Enoc have lied, cheated, twisted the true and given out misinformation. To them Enoc`s comments about the 100,000bopd and all the other misinformation is just bull. "We are unsurprised by the content of Enocs statement, Mr Doyle said yesterday. We do not think that the 90,000 bpd profile is reflective of the Cheleken fields potential, and we note that Enoc refers to this as a near-term target and that it is an initial view, very much allowing for the possibility of materially higher production in the following years" This is the ENOC most investors know only too well from the last time and which is why there is so much disbelief of anything Enoc says now. [link]
Re: Anyone got a calculator? "they will never buy it unless its at a discount"While I agree, who do ENOC think they are that they can DEMAND a discount.Its like you going into your local supermarket to do your weekly shop and saying that you will go elsewhere unless they sell it to you at half price.Well in my opinion ENOC can either pay a FULL price like anyone else would have to or they can sod off and continue as a shareholder like myself.
Re: Anyone got a calculator? Exbroker 26 Jul'15 - 12:35 - 50364 of 50365 0 0 ENOC have not said the offer is final so they have room to lift it if needed. They know what this is worth to them they are just trying to get it as cheap as they can.I would be very surprised if the bid was made final at 790 if Elliot did not accept it. They will go away with a very nice profit from and arb deal with their reputation enhanced as an atavist investor who helps the small shareholders as well as them selves.B.G. also walk away with credit having been the first to say it was not enough. And ENOC will be happy because they will have bought Dragon for less that it is worth to them, they will never buy it unless its at a discount.
Re: Anyone got a calculator? Elliot are agressively pushing up their holding and I would expect that to continue into next week.Elliot will be pushing for a higher price by trying to secure a no vote at the first hurdle of 30th July. If they are successfull then the ball is in ENOC`s court.
Re: Anyone got a calculator? One further piece of news which adds to the logic of ENOC`s takeover of Dragon is that in the UAE the petrol market is being deregulated and from August 1st fuel subsidies on petrol will be cut.What this means to ENOC is that instead of making losses on petrol they will be making profits and gives added weight for ENOC to guarantee its cheap supply of oil, taking oil from the Iranian swaps which have now resumed.This shows even more the importance of Dragon to ENOC`s business plan.[link]
Re: Anyone got a calculator? Fydo.....time to ignore 3D. He should be following the big Indian out of the window! He has nothing better to do that even his wit online.....Keep up the informed posts.....
Re: Anyone got a calculator? Just out of interest I was reading a report from KNOC on block 9 in Iraq last night. They say that production will start in Q4 of this year. Originally production was due to start in 2017 but such is the pace of the fast tracking that production was moved to the first half of 2016. For that production now to be moved to the 4Q of this year seems remarkable if true but I do know that things are certainly are moving apace to develope this block with roads and infrastructure being fast tracked. Certainly as far as the one well already drilled is concerned the production casing is already in place so it is possible depending upon connecting infrastructures.The report cited intial production of 20,000bopd, and being quickly ramped up to 120,000bopd.There are two more wells to be drilled this year.The overall tone of the report is that this is going to be a nice little money earner for those involved and Dragon have a 30% stake.
Re: Anyone got a calculator? Why don't you far cough 3D. You are full of 5hit!!!
Re: Anyone got a calculator? 3D,The level of known acceptances currently stands at 0.78% which makes you a liar.
Re: Anyone got a calculator? 3DICK.SHOW ME WHERE I SAID THAT ACCEPTANCES WERE OVER 30% YOU PATHETIC 1DIOT.---------- ---------- ---------- ---------- ---------- ---------- --Fy"dil"do, it were I that said it you sock cucker. Do you know the saying that when a person gets angry, it is a sign of losing? You my friend have lost 3D (the one who said over 30% acceptances already weeks ago)
Re: Shocking info about IG Index Check out what Wan Kerr has to say in the Oil Daily magazine 3D..... ---------- ---------- ---------- ---------- ---------- --You've lost me there pal3D