Dragon Oil PLC Discussion Board http://www.iii.co.uk/investment/detail?code=cotn:DGO.L&display=discussion http://www.iii.co.uk/icons/logos/uk_logo.gif http://www.iii.co.uk tag:iii.co.uk,2003:tst.5614176 At least BG and a few other smaller investment companies have held a torch for us, but is it too little too late? I'm thinking on the same lines as yourself, Fydo, with regard to PIs that know little or nothing about the true circumstances of this deal - they really need to be told and the press coverage this story deserves is not being given. By Yertiz ]]> http://www.iii.co.uk/investment/detail?code=cotn:DGO.L&display=discussion&id=5614176&action=detail Mon, 23 Nov 2009 06:36:00 GMT Yertiz tag:iii.co.uk,2003:tst.5613910 Two weeks ago ENOC were boldly stating that this was a done deal and had been completed. Now we see them hiring a "proxy solicitation" firm that communicates with shareholders and looks to boost investor turnout for votes.
ENOC who looked so certain of victory just a few days ago look far from certain now. The vote could be close and everyone needs not only to vote themselves but also to make sure that everyone they know owning Dragon shares votes as well. By Fydo ]]> http://www.iii.co.uk/investment/detail?code=cotn:DGO.L&display=discussion&id=5613910&action=detail Sun, 22 Nov 2009 21:55:00 GMT Fydo tag:iii.co.uk,2003:tst.5613882
"A spokeswoman for Computershare, Georgeson's parent company, did not immediately respond to a request for comment. "

There are now a number of institutional investors and analysts that have said that the ENOC bid "materially understates" Dragons value. That is before the inclusion of the gas and before the increases in production that will result from having four rigs in operation, not to mentionfurther Turkmen licenses.

A number of analysts have challenged ENOC and the Dragon independent committee to enter into debate over their valuation of Dragon.
So far they have failed to comment or add substance as to how the valuation was achieved. By Fydo ]]> http://www.iii.co.uk/investment/detail?code=cotn:DGO.L&display=discussion&id=5613882&action=detail Sun, 22 Nov 2009 21:39:00 GMT Fydo tag:iii.co.uk,2003:tst.5613863 http://www.upstreamonline.com/live/article199336.ece

Enoc enlists help on Dragon hunt

Wire reports

Shareholder consultancy Georgeson is working to persuade minority investors in Turkmenistan-focused oil explorer Dragon Oil to accept Emirates National Oil Company's $1.9 billion buyout bid, people familiar with the matter said.

Enoc's proposal requires approval from three-quarters of Dragon's minority shareholders, but with the largest of those publicly opposing the deal, ensuring a high turnout and convincing wavering investors to agree could be crucial.

Georgeson is a so-called "proxy solicitation" firm that communicates with shareholders and looks to boost investor turnout for votes.

The firm was appointed on Enoc's behalf by the Dubai refiner's broker, Goodbody, one of the people told Reuters.

Enoc agreed with Dragon's board on 2 November that it would buy the 48% it did not already own of Dragon for 455 pence per share.

However, Dragon's largest minority shareholder, 4.24 percent holder Baillie Gifford & Company said the proposal "materially understates" Dragon's value.

Dragon said yesterday Enoc's offer was final.

Dragon Oil and Enoc declined to comment.

A spokeswoman for Computershare, Georgeson's parent company, did not immediately respond to a request for comment. By Fydo ]]> http://www.iii.co.uk/investment/detail?code=cotn:DGO.L&display=discussion&id=5613863&action=detail Sun, 22 Nov 2009 21:25:00 GMT Fydo tag:iii.co.uk,2003:tst.5613728
I spoke to TDW yesterday and they accepted my NO vote. You can also go on line and cast it. By moneda ]]> http://www.iii.co.uk/investment/detail?code=cotn:DGO.L&display=discussion&id=5613728&action=detail Sun, 22 Nov 2009 20:10:00 GMT moneda tag:iii.co.uk,2003:tst.5613700 Again they will only promise a best endeavor and refused to confirm in writing my NO votes. By kooiker ]]> http://www.iii.co.uk/investment/detail?code=cotn:DGO.L&display=discussion&id=5613700&action=detail Sun, 22 Nov 2009 19:55:00 GMT kooiker tag:iii.co.uk,2003:tst.5613590 Anyone else with ST experience ?
c.o.d. By cisovdef ]]> http://www.iii.co.uk/investment/detail?code=cotn:DGO.L&display=discussion&id=5613590&action=detail Sun, 22 Nov 2009 19:00:00 GMT cisovdef tag:iii.co.uk,2003:tst.5613588
P.D. (Latecut)
By latecut ]]> http://www.iii.co.uk/investment/detail?code=cotn:DGO.L&display=discussion&id=5613588&action=detail Sun, 22 Nov 2009 19:00:00 GMT latecut tag:iii.co.uk,2003:tst.5613579
President of Turkmenistan Gurbanguly Berdimuhamedov sent a welcome message to participants and guests of the exhibition and conference. He expressed confidence that the forum will offer solutions to enhance international cooperation on the extraction of mineral resources of Turkmenistan, enhancing prospecting works, increasing volumes of oil and gas processing, and further development of the pipeline system".

Question.
Why when so many are fighting to gain access to Turkmen resources are we as Dragon shareholders being told that this really is a risky business and that we should be grateful for ENOC`s modest premium?
With strong international interest as new Turkmen export routes open up, maybe the recommendation of the independent committee that this is a fair and reasonable deal is not in the best interests of its minority shareholders. Had the members of the independent committee attended the conference they may well have received offers that make ENOC`s offer look very modest indeed. By Fydo ]]> http://www.iii.co.uk/investment/detail?code=cotn:DGO.L&display=discussion&id=5613579&action=detail Sun, 22 Nov 2009 18:57:00 GMT Fydo tag:iii.co.uk,2003:tst.5613514 As a PS:

Turkmenistan - World leading oil and gas companies attend "Oil and Gas of Turkmenistan - 2009" exhibition

The 14th International Exhibition "Oil and Gas of Turkmenistan-2009" and the international scientific-practical conference that brought together over 400 foreign participants wrapped up in Ashgabat, the Turkmenistan.ru correspondent reports.

The forum was attended by over 200 world-renowned oil and gas and service companies including Petronas, Dragon Oil, CNPC, Gazprom, Lukoil, Wintershall , Komatsu LTD, RWE AG, OMV, British Petroleum, Chevron, Total and others, as well as governmental and international organizations from 35 countries, including Germany, Austria, Great Britain, United States, Russia, Kazakhstan, Ukraine, Japan, Turkey, Iran, China, India, UAE.

The scientific-practical conference discussed issues related to development of international cooperation, attracting foreign investments and introducing high technologies in exploration and development of fields, in the processing sector, in implementation of new infrastructure projects in the fuel and energy complex of Turkmenistan.

Representatives of the U.S. State Department, the European Commission's Directorate General for Energy and Transport, the International Energy Agency, the Ministries of Energy of Russia and Kazakhstan, the British Foreign and Commonwealth Office, the International Gas Union, USAID, as well as heads and leading specialists of foreign companies spoke at the conference. By Fydo ]]> http://www.iii.co.uk/investment/detail?code=cotn:DGO.L&display=discussion&id=5613514&action=detail Sun, 22 Nov 2009 18:23:00 GMT Fydo tag:iii.co.uk,2003:tst.5613485 warm regards to all >>>NO smalkis By malkis ]]> http://www.iii.co.uk/investment/detail?code=cotn:DGO.L&display=discussion&id=5613485&action=detail Sun, 22 Nov 2009 18:07:00 GMT malkis tag:iii.co.uk,2003:tst.5613389 hope info is of help to you By carthagex ]]> http://www.iii.co.uk/investment/detail?code=cotn:DGO.L&display=discussion&id=5613389&action=detail Sun, 22 Nov 2009 17:20:00 GMT carthagex tag:iii.co.uk,2003:tst.5613385 http://www.iii.co.uk/investment/detail?code=cotn:DGO.L&display=discussion&id=5613385&action=detail Sun, 22 Nov 2009 17:14:00 GMT Fydo tag:iii.co.uk,2003:tst.5613382
Thank you for your e-mail.
I have requested for you to receive voting papers. These should arrive next week.
I hope that I have been able to help you with your enquiry, however should you require further information please do not hesitate to call us on 0845 882 3325, or e-mail me at any time.
Kind regards,
Helen McCusker
Interactive Investor


By carthagex ]]> http://www.iii.co.uk/investment/detail?code=cotn:DGO.L&display=discussion&id=5613382&action=detail Sun, 22 Nov 2009 17:09:00 GMT carthagex tag:iii.co.uk,2003:tst.5613340 NEWSMAKER-Tayer to embody Dubai's new-found caution
2009-11-22 15:14:27 GMT (Reuters)


* New DIFC head to convey message of caution

* Tayer was UAE state minister of finance for 14 yrs

* Sits on Emirates NBD, ENOC boards

By Raissa Kasolowsky

Dubai, Nov 22 (Reuters) - By naming Ahmed Humaid al-Tayer as the new head of the Dubai International Financial Centre, Dubai has put on a new face that it hopes will convey a new-found caution and dispel its image of recklessness.

The appointment of Tayer, 59, who has served in government for more than 30 years and is a prominent local businessman, is a message to investors at home and abroad that, following the financial crisis, Dubai has learnt from its mistakes and is turning over a new leaf.

"Tayer's appointment indicates that the city is intent to deal with the aftermath of the financial crisis in a different way," said politics professor Abdulkhaleq Abdulla.

"Primarily it is going to be much more cautious than in the pre-crisis period, much more modest for the next stage in its development."

Tayer is Dubai-born and bred, and though not a royal, belongs to a long-established merchant family in the emirate, one of seven members of the United Arab Emirates (UAE) federation.

After graduating in economics and political sciences from Cairo University in 1973, he quickly rose through the UAE government ranks, taking on a number of portfolios that included a 14-year stint as state minister of finance until 1997, and communications minister.

He is the chairman for both Emirates NBD -- the second largest bank in the United Arab Emirates by market capitalisation -- and the smaller Commercial Bank of Dubai.

His long line of experience in the public service and in the financial sector will help him deal with the fallout Dubai suffered during the global downturn in a more transparent manner, said Ebtisam al-Kitbi, political science professor at the UAE University.

"With the situation here, you need people who are rational ... Tayer has a lot of experience. He is a settled man. He is not running after fashions," she said.

"It is also about knowing how to reach your goal without propaganda, pretending there is nothing (wrong) ... Tayer has the capability."

Tayer also sits on the boards of state-owned Dubai Aluminium (Dubal) and state-owned refiner Emirates National Oil Company (Enoc), which recently made a $1.9 billion buyout bid for oil explorer Dragon Oil.

The reshuffle last week kept him on the board of the Investment Corporation of Dubai (ICD), the emirate's investment arm, as one of the board's only two members who do not belong to the ruling family.

Tayer's record is clean of the accusations of corruption that have overshadowed the reputation of other movers and shakers and he is trusted by the ruler and Emiratis themselves.

"He is needed now to be close to the sheikh and the leadership ... this is a city in need of every single person that has valuable experience," Abdulla said.

Why his predecessor at the DIFC, Omar Bin Sulaiman, was dismissed so suddenly may take time to discover. Earlier this year, Nasser al-Shaikh, then finance director of Dubai, suffered a similar fate, with still no explanation forthcoming.

Shaikh was replaced by the lower-profile, but far more taciturn Abdulrahman al-Saleh, who has given only a handful of interviews since his appointment and rarely makes public appearances.

"There's a saying in private equity ... The guy who drives the truck into the ditch isn't going to be the same guy that drives us out of the ditch," saidKhuram Maqsood, managing director Emirates Capital. (Additional reporting by Amran Abocar; editing by Thomas Atkins and Jon Loades-Carter) ((raissa.kasolowsky@thomsonreuters.com; Reuters Messaging: raissa.kasolowsky.reuters.com@reuters.net; +971 4 391 8301))
By Fydo ]]> http://www.iii.co.uk/investment/detail?code=cotn:DGO.L&display=discussion&id=5613340&action=detail Sun, 22 Nov 2009 16:48:00 GMT Fydo