DRAGF Dragon Oil PLC featured news, full reports, and detailed charts
Dragon Oil PLC (DRAGF/DRAGF.PK) Wrap Up:
Dragon Oil plc engages in the exploration, development, and production of oil and gas in Turkmenistan and Yemen. The company holds 100% interest in the Cheleken Contract Area in the Caspian Sea, offshore Turkmenistan; and Blocks 35, 49, and R2 in the Republic of Yemen. As of June 30, 2008, it had proved and probable reserves of 645 million barrels of oil and condensate, and 3.2 trillion cubic feet of gas resources. The company was incorporated in 1971 and is headquartered in Dubai, the United Arab Emirates. Dragon Oil plc is a subsidiary of Emirates National Oil Company Limited (ENOC) L.L.C.Dragon Oil PLC (DRAGF:OTC)
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Market Cap
3.6B
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Total Revenue
740.6M
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EBITDA
538.1M
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DILUTED EPS TTM
0.67
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P/E
10.3x
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P/S
4.8x
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Return On Asset
20.28
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Return On Equity
33.05
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| K = Thousands M = Millions B = Billions | ||
DRAGF Top Compensated Officers
Executives, Board Directors
Key developments for Dragon Oil PLC (DRAGF)
Dragon Oil plc expected to Report Fiscal Year 2009 Results on March 19, 2010. This event was calculated by Capital IQ (Created on November 2, 2009).
Dragon Oil plc announced the successful completion and initial testing of the Dzheitune (Lam) 28/137 and 13/138 development wells. The Iran Khazar drilled the Dzheitune (Lam) 28/137 well to a depth of 3,301 metres. Testing of the short and long strings resulted in production rates of 1,020 bopd and 1,121 bopd respectively, with further testing and optimisation scheduled to take place. The Iran Khazar rig has finished its drilling programme on the Dzheitune (Lam) 28 platform and has been mobilised to the Dzheitune (Lam) A platform, where it has spudded the Dzheitune (Lam) A/139 development well. The Dzheitune (Lam) B platform is expected to be ready for drilling in November 2009. The Dzheitune (Lam) 13/138 well was drilled by Rig 40, the converted land-rig, to a depth of 3,268 metres. Testing of the short and long strings resulted in production rates of 1,828 bopd and 683 bopd respectively, with further testing and optimisation scheduled to take place. Since completing the Dzheitune (Lam) 13/138 well, Rig 40, has skidded to slot 6 on the Dzheitune (Lam) 13 platform to commence drilling the Dzheitune (Lam) 13/140 well.
Dragon Oil Plc has $867 million in cash. The company stated that it plans to use the funds for investment plans and possible acquisitions.
DRAGF Competitors
| Company | Last | Change |
| Dana Petroleum | 1,279 GBX | -21.00 |
| JKX Oil and Gas | 290.00 GBX | -8.30 |
| Premier Oil | 1,144 GBX | -5.00 |
| ROC Oil Company Ltd | A$0.68 AUD | -0.005 |
| Sterling Energy | 4.20 GBX | 0.00 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | DRAGF | Industry Range |
| Price/Earnings | 10.3x |
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| Price/Sales | 4.8x |
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| Price/Book | 2.3x |
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| Price/Cash Flow | 10.3x |
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| TEV/Sales | 3.9x |
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DRAGF |
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DRAGF transactions
| Type Date |
Target |
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Merger/Acquisition
November 2, 2009 |
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Buyback
May 28, 2009 |
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