Strong Buy - Kursziel 4,00 € ! Dragon Oil o. T.
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0 Postings ausgeblendet.
Also langsam mit ´Deinen Aussagen.
Danke
Neu hier und willst gleich anderen etwas
vorschreiben ???
Ja und alle lesen immer schon ewig mit und
dann auf einmal weil der WERT ja so Toll
ist und sie ihn ja auch nun so TOLL finden
melden sie sich an umd solche TOLLEN Postings
abzulassen.
"""EINSTEIGEN der Zug geht bald wieder Richtung 4€.
Lasst uns alle Geld verdienen. """
HAHAHA
Ja die all bekannte Zug Nummer. HAHAHA
Also Friede Jungs ! Die Macht sei mit Euch ! :-)
Dragon today announces the following update in respect of its operations in the LAM field, in the Cheleken Contract Area, offshore Turkmenistan.
On 07 March 2006, Dragon announced that the LAM field feeder pipeline had become blocked and that work was in progress to install an alternate flow system. Dragon is pleased to announce that, following the successful installation and
commissioning of a new 8-inch pipeline bypassing the blocked pipeline, production has been restored from all five wells on the LAM 22 platform.
The new 8-inch 21/2 kilometre pipeline connects the LAM 22 platform to the LAM 10 platform, thereby restoring production from LAM 22. The new pipeline was installed in accordance with the planned schedule.
Hussain M. Sultan, Chairman of Dragon commented:
'I am very pleased that we have restored production from the LAM 22 platform in such a short time. We have decided to upgrade our pipeline infrastructure further to complement our capital expenditure programme that includes the new processing facility, platforms and upgrade of the marine export facility. This supports our continuous drilling programme which is necessary to increase production.'
Citigate Dewe Rogerson (+44 20 7638 9571)
Analyst enquiries: Nina Soon
Media enquiries: George Cazenove
For the year to Dec 31 2005, the independent oil and gas company said pretax profits came in at 159.3 mln usd compared to 49.7 mln a year earlier. Sales were 248.8 mln usd, up 156.3 pct.
Dragon said total field production for 2005 was 7.1 million barrels of oil and the average gross production for the year was 19,426 barrels of oil per day (bopd) with 14,008 bopd attributable to Dragon.
This compares to 4.9 million barrels of oil produced in 2004 with a total gross production of 13,264 bopd, of which 8,630 bopd was attributable to Dragon.
newsdesk@afxnews.com bam
Tue 18 Apr 2006
DGO - Dragon Oil
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Name Price %
Dragon Oil 208.00p +0.12%
Oil & Gas Producers 8,287 +1.61%
LONDON (SHARECAST) - Turkmenistan focused oil and gas development firm Dragon Oil said annual profit more than doubled on the back of soaring oil prices and increased production.
Profit after tax rose 114% to $106.4m for the year ended 31 December while Dragon's turnover increased to $248.8m from $97.1m. Production from assets attributable to the company rose to 14,008 barrels of oil per day from 8,630 bopd in 2004.
"Dragon's continuous drilling programme is on target through the use of a contracted jack-up drilling rig," said Dragon Oil in a statement.
The company added, "We are in the process of securing a second jack-up drilling rig in 2006. We are also considering plans to refurbish and mobilise our own platform rig in 2007."
Turkmen President-for-life Saparmurat Niyazov has died of sudden cardiac arrest, Reuters reported this morning, quoting state TV. The 66-year-old leader has ruled the reclusive Central Asian state and the FSU's second biggest gas producer since 1985 (since 1991 as a president).
The current political situation in the country is far from being certain at the moment. It remains unclear who will be Niyazov's successor and what changes it might bring to the country's political system and economy. Due to the extremely high level of centralization of power in Niyazov's hands, we see potential risks from the political uncertainty and potential successor issues for the two companies from our universe with business in Turkmenistan - namely Dragon Oil and Burren Energy - and thus would expect high volatility in their shares. The situation could also influence Gazprom, the largest buyer of Turkmen gas, which has signed a contract to purchase annually 50bn cm of Turkmen gas in 2007-2009 at $100/mcm.
We rate Dragon Oil as a Buy based on its fundamental characteristics, with an end-2007 fair value of $4.29. We no longer provide a formal recommendation on Burren Energy, given its strong territorial expansion into African and Asian markets.
PRESS RELEASE
Dragon Oil Plc
'Dragon' or 'the Company'
TRADING AND OPERATIONAL UPDATE
Dragon today issued the following trading and operational update. The update is aimed at providing estimates for the year ended 31 December 2006. All data referred to in this update are provisional and unaudited. Dragon expects to publish its 2006 preliminary financial results in early March 2007.
Highlights
Operational and financial
6 % increase in 2006 gross production over 2005, with an average of 20,514 bopd.
21% increase in gross 2H 2006 production over 1H 2006, with an average 2H 2006 production of 22,421 bopd.
Gross end of year production for 2006 of 27,353 bopd (end of year 2005: 20,230 bopd).
Average realised prices per barrel in 2006 US$ 61.3 compared with US$ 48.6 in 2005.
Cash balance of US$ 296 million at 31 December 2006.
4 development wells completed during the year (2005: 3 wells)
13 workovers completed in 2006 (2005: 7 wells)
Major projects commissioned or near completion; the LAM A production platform commissioned in Q4 2006, the New Processing facility due for commissioning in Q1 2007, various new sub-sea pipelines and upgrading of old platforms.
Outlook
Accelerated development programme for 2007 subject to rig availability.
Continuing workover programme, with rigless operations and hydraulic workover unit
Significant further infrastructure renewal and upgrade in Cheleken
Hussain Sultan, Chairman & CEO commented:
“Increasing development activity, improving production and building our infrastructure for the future have been our main focus in the second half of 2006. The Company’s production levels continue to increase and I am optimistic that we can consolidate on these improvements in 2007”.
Ends
Enquiries:
Citigate Dewe Rogerson (+44 20 7638 9571)
Media enquiries: Martin Jackson / George Cazenove
Analyst enquiries: Nina Soon