Recommended Cash Offer by Emirates National Oil Company Ltd. For the Shares in Dragon Oil plc Not Already Owned by ENOC
Delisting On 2 August 2015, ENOC announced a revision to the original Offer price to 800 pence in cash for each Dragon Oil Share, declared the Offer unconditional in all respects and stated that it intended to procure the delisting of Dragon Oil shortly. The document containing the full terms …
ENOC: Up Dragon Oil Offer to 800 pence
Commenting on the revision to the Original Offer on behalf of ENOC, Saif Al Falasi, Group Chief Executive said: “We are pleased to have the support of the required majority of Dragon Oil Shareholders for our revised offer of 800 pence; including the two largest minority shareholders – Baillie Gifford …
ENOC: Dragon Oil Should Aim for 90,000 bopd Not 100,000 bopd
Emirates National Oil Company Ltd (ENOC) L.L.C., as majority shareholder in Dragon Oil Plc provides further detail on its future strategy for Dragon Oil and further clarity on operational aspects of the business. Key points · Whether or not Dragon Oil is delisted, ENOC no longer sees the need to …
Emirates National Oil Company: Swoops for Dragon Oil at 735p Per Share
Following the announcement by Emirates National Oil Company, ENOC on 17 March 2015 confirming that it had made an approach regarding a possible offer for Dragon Oil, ENOC confirms that it has been in discussions with the independent committee of the board of Dragon Oil (the “Independent Committee”) regarding the terms …