Oil

UPDATE 1-Dragon Oil says profit soars 76 pct in 2011 – Reuters

Dragon said on Friday that it was considering making an approach for Bowleven, a British firm with assets in Cameroon. Dragon, which is more than 50 percent owned by Dubai’s national oil company Emirates National Oil Company, said it planned … Continue reading

Dragon Oil Says Iran Sanctions May Make Rig Payments ‘Difficult’ – Bloomberg

Dragon Oil Plc (DGO) said tightening international sanctions against … week it was examining plans to bid for BowLeven Plc (BLVN), a driller working in Cameroon. Dragon has until mid-March to firm up plans and inform the market whether it … Continue reading

Victoria Oil & Gas: Daniel Stewart eyes latent value – Proactive Investors Australia

There is latent value in Victoria Oil & Gas’ (LON:VOG) producing assets in Cameroon, according to City broker Daniel Stewart. In a note to clients today analyst Kate Fisher highlights the fact the VOG shares are yet to see a … Continue reading

Who pays for damages if stored CO2 bubbles up? – Delaware Online

The cloud of carbon dioxide that burst out of Lake Nyos in Cameroon and asphyxiated 1,700 people haunts the plans of oil and power companies to bury their greenhouse gases underground. “It was shocking,” said Minoru Kusakabe, a Japanese …

Dragon Oil weighs up bid for Bowleven – Zawya.com

which is controlled by Dubai’s state-owned Emirates National Oil Company, announced it was considering a bid for the Cameroon-focused oil explorer. The approach prompted shares in Bowleven to jump by 46¾p to 120¾p on Friday morning valuing the company’s …

Dragon Oil in Early Stages of Exploring Possible BowLeven Offer – Bloomberg

… stages of exploring a possible offer for BowLeven Plc (BLVN), an oil explorer active in Cameroon. BowLeven shares rose as much as 21 percent in London. To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net

Dragon Oil says mulling approach for Bowleven – YAHOO!

LONDON (Reuters) – Oil firm Dragon Oil said it was considering making a takeover offer for Bowleven, a British company with assets in Cameroon, in a move which would form part of a long-stated plan to expand beyond its Turkmenistan … Continue reading

BowLeven Jumps 20% on Speculation Tullow to Bid for Explorer – Bloomberg

BowLeven Plc, the U.K. oil explorer focused on Cameroon, jumped as much 20 percent in London on speculation that Tullow Oil Plc may bid for the company. The shares jumped as much as 14.75 pence to 88.75 pence in London … Continue reading

BowLeven Jumps 20% on Speculation Tullow to Bid for Explorer – Businessweek

Feb. 17 (Bloomberg) — BowLeven Plc, the U.K. oil explorer focused on Cameroon, jumped as much 20 percent in London on speculation that Tullow Oil Plc may bid for the company. The shares jumped as much as 14.75 pence to … Continue reading

Dragon weighs up bid for UK oil firm – Irish Times

a listed UK oil company with interests in Cameroon. The stock exchange announcement was made by the company yesterday. “Dragon Oil notes the recent movement in Bowleven’s share price and confirms that it is in the preliminary stages of exploring … Continue reading