Dragon Oil plc Ticker: The programme will commence today. The Board of Directors of Dragon Oil has recommended the share buyback programme in recognition of the Group's strong financial position and significant cash generating abilities.

Dragon Oil - Latest Share Price | Shares & Markets - Telegraph

The Board believes that a share buyback programme offers an efficient route to return surplus cash resources to shareholders and will not impact upon the Group's ability to grow production organically to reach its stated production targets and to pursue its diversification strategy by acquiring new assets outside of Turkmenistan.

Dragon Oil generates significant free cash flow, which is supported by solid production growth, high oil prices and a strong record of cost management. We remain committed to our diversification strategy and actively pursue opportunities in the regions of interest to us. We, the Board, are confident that the Group's financial position and its cash generating abilities allow the Company to finance organic development of the Cheleken Contract Area, add new assets to its portfolio, pay regular dividends and return surplus funds to shareholders through a share buyback programme.

Accordingly, the Board believes that the buyback of shares is in the best interests of the Company and its shareholders. With a solid track record of delivering organic growth in production and reserves from our key asset, we are well positioned to pursue our diversification strategy and to return value to our shareholders.

We have commenced paying regular dividends and have now added a share buyback programme.

Dragon Oil shares jump on share buyback | eqogypacuc.web.fc2.com

Diversification remains at the top of our agenda as we seek to deploy our expertise and resources to become a multi-asset company. T he buyback programme will be executed pursuant to certain pre-set parameters and in accordance with the authorisation granted to the Directors by special resolution No.

Dragon Oil Share Price | DGO Stock News | Interactive Investor

Under the programme, Davy and Nomura International plc "Nomura" have been irrevocably authorised at their discretion to effect the purchases on the Irish and London Stock Exchanges in accordance with the above-mentioned authorisation and relevant Irish and UK law and regulation.

The share buyback programme will commence today, 6 June and will run until the requisite number of shares has been acquired or, in any event, no later than 31 December This announcement is made in compliance with Irish Listing Rules 9. Dragon Oil plc confirms that it currently has no unpublished price sensitive information. Dragon Hdfc foreign exchange rate today plc is an international oil and gas exploration, development and production company, quoted on the Average dividend yield stock market and Irish Stock exchanges Ticker symbol: Its principal producing asset is in the Cheleken Contract Area, in the eastern section of the Caspian Sea, offshore Turkmenistan.

Dragon Oil Turkmenistan Ltd. The operational focus is on the re-development of two oil-producing fields, Dzheitune Lam and Dzhygalybeg Zhdanov. This news release may contain forward-looking statements concerning the financial condition and results of operations of Dragon Oil. Forward-looking statements are statements of future expectations that are based on management's current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements.

Dragon Oil increases interim dividend by 67% as revenues up

No assurances can be given as to future results, levels of activity and achievements and actual results, levels of activity and achievements may differ materially from callaway diablo forged graphite shaft specs expressed or implied by any forward-looking statements contained in this report. Dragon Oil does not undertake any obligation to update publicly or revise any forward-looking statement as a result of new information, dragon oil share buyback events or other information.

To explore and develop oil and gas resources by leveraging technology and a talented workforce as a dependable, ethical and conscientious partner. To stock options for mossberg 930 grow production through the safe and efficient development of our asset in Turkmenistan and by acquisition of new exploration and production assets in other areas.

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Register or Log in. Our Mission To explore and develop oil and gas resources by leveraging technology and a talented workforce as a dependable, ethical and conscientious partner. Our Vision To significantly grow production through the safe and efficient development of our asset in Turkmenistan and by acquisition of new exploration and production assets in other areas.

Dragon Oil aims to 'keep creating shareholder value'. Dragon Oil plc RNS announcements Delisting and cancellation of trading Total Voting Rights Holding s in Company Holding s in Company Holding s in Company Shareholding Notification ENOC Offer Update and Closing Date Holding s in Company Holding s in Company Interim Results Delisting Notice Notice of the Interim Results Form NA AU DE CN. Registered in England with Company Registration number Group VAT registration number FCA Registration number You can contact us here.

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