Arab Today, arab today dragon oil mulls plan to buy out bowleven
Last Updated : GMT 15:59:42
Arab Today, arab today
Arab Today, arab today

Dragon oil mulls plan to buy out bowleven

Arab Today, arab today

Arab Today, arab today Dragon oil mulls plan to buy out bowleven

Abu Dhabi - KUNA

London Stock Exchange-listed Dragon Oil which has its headquarters in Dubai has confirmed in a statement that it is in the preliminary stages of exploring a possible offer for all of the issued and to be issued share capital of Bowleven, an Edinburgh oil and gas explorer. \"This announcement does not constitute an announcement of a firm intention to make an offer. Dragon Oil would like to emphasise that there can be no certainty that any offer will ultimately be made or the terms or timing on which any such offer would be made,\" the statement said. Dragon Oil is now required, by 5pm of March 16 to either announce a firm intention to make an offer for the company or announce that it does not intend to make an offer. Robin Mills, head of consulting at Dubai-based Manaar Energy, told Gulf News: \"Dragon Oil has been exploring options for diversifying away from its main asset in Turkmenistan for several years, including its entry into exploration in Tunisia. Dragon needs to deploy its large cash reserves. Management has previously indicated an interest in West Africa, and Bowleven seems like a good fit given Dragon\'s expertise in shallow-water field developments.\"

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dragon oil mulls plan to buy out bowleven Arab Today, arab today dragon oil mulls plan to buy out bowleven

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dragon oil mulls plan to buy out bowleven Arab Today, arab today dragon oil mulls plan to buy out bowleven

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday