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Provider: Reuters Investment Profile
Provider: Halyk Finance
Provider: Halyk Finance
Provider: GlobalData

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Dragon Oil plc Comments On FY 2013 Production Guidance; Comments On Long Term Production Guidance; Recommends Final Dividend

Tuesday, 12 Feb 2013 02:00am EST 

Dragon Oil plc announced that for fiscal 2013, it expects production to grow at lower end of the medium-term guidance of 10%-15% on average per year. Over the fiscal 2013-15 period, it expect to maintain an average production growth of 10% to 15% per annum, taking the gross field production to a level of 100,000 bopd in fiscal 2015 with the aim of maintaining this level for a minimum period of five years thereafter. The Company also announced that the Board of Directors recommends the payment of a final dividend of 15 US cents per share. Together with the interim dividend of 15 US cents, the total dividend for the year ended December 31, 2012 is 30 US cents. The final dividend of 15 US cents is subject to shareholder approval at the Annual General Meeting to be held in London, UK on April 30, 2013. If approved, the final dividend of 15 US cents is expected to be paid on May 03, 2013 to shareholders on the register as of April 05, 2013. The ex-dividend date is April 03, 2013. 

Company Quote

0.304 +5.16%
17 Dec 2014