Updates

Dragon oil

November 2012

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Dragon has issued a Q3 statement reiterating earlier guidance of an average production growth rate of 10%-15% per annum to take overall production to 100,000 bopd in 2015. Three new wells came into production in the quarter bringing the number of wells to date to 15 and average daily gross production reached 69,600 boe, up 13% on the corresponding quarter a year ago. The average realised crude oil price during 3Q 2012 was down 5% at US$98/bbl. Meanwhile, Dragon continues to drill new wells and has secured an additional two offshore rigs to add to the two it has in place already. Keep buying. ...

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Dragon Oil (September 2013)

Dragon Oil - Cash pile climbs to US$1.67bn despite buybacks (September 2012)

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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