Dragon Drops Petroceltic Bid

Tuesday, December 2, 2014

Dragon Oil has pulled out of the offering for Petroceltic International as it had planned earlier this year. The company said that in light of prevailing market conditions, it no longer intends to make an offer.

Dragon and Petroceltic were in detailed discussions regarding a possible offer to be made for the issued, and to be issued, share capital of Petroceltic at a price of 230 pence sterling per share in cash.

Dragon Oil reserves the right to set aside this statement within 12 months after the date of this announcement in the circumstances set out in Rule 2.8(c)(ii) of the Irish Takeover Rules, including paragraph (4) of Rule 2.8(c)(ii).

« GO BACK

You may also like

" alt="Botala Increases Stake in Botswana’s Serowe CBM Project">

Botala Increases Stake in Botswana’s Serowe CBM Project

" alt="Petrofac Awarded Technical Services Contract by GEPetrol">

Petrofac Awarded Technical Services Contract by GEPetrol

Zakłady Sportowe I Najnowsze Wiadomości O Bukmacherac

" alt="Uganda Signs its Fourth CPF with International Atomic Authority">

Uganda Signs its Fourth CPF with International Atomic Authority

" alt="EcoFlow Introduces Loadshedding Technology to South Africa">

EcoFlow Introduces Loadshedding Technology to South Africa

" alt="Trafigura to Commercially Deploy Daphne Technology’s Puremetrics™ on LNG Carrier">

Trafigura to Commercially Deploy Daphne Technology’s Puremetrics™ on LNG Carrier

" alt="Seatrium and Shell Inks MOU to Collaborate on Floating Production Systems">

Seatrium and Shell Inks MOU to Collaborate on Floating Production Systems

" alt="Wildcat Updates Status in the Republic of Sudan and South Sudan">

Wildcat Updates Status in the Republic of Sudan and South Sudan