Dragon OilLast week on the IV Board, there was a post by Oiljack that Dragon Oil was the company rumoured to making the unsolicited offer for Mart Resources. We know Dragon was to purchase Petroceltic but as you can see from this news release, Dragon's offer was revoked. At least we know Dragon is on the hunt for an acquisition. The rumour of Dragon's interest in acquiring Mart came from Citi London. Scroll down and take a look at who is Financial Advisor to Dragon Oil. Why its none other than Citi London. Curious isn't it? Perhaps we should give Simon, Hamza, or Owain a call ;)
Radcat
RNS Number : 2792F
Dragon Oil PLC
18 February 2015
Wednesday 18 February, 2015
Dragon Oil PLC
Clarification of media reported comments in respect of Petroceltic International plc
Dragon Oil PLC
18 February 2015
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.
FOR IMMEDIATE RELEASE
Clarification of media reported comments in respect of Petroceltic International plc ("Petroceltic")
The Board of Dragon Oil plc ("Dragon Oil") announced on 1 December 2014 that it no longer intended to make an offer for Petroceltic and accordingly, as a result of that announcement, was bound by the restrictions set out in Rule 2.8 of the Irish Takeover Rules. Dragon Oil wishes to clarify, in the context of media reports on 17 February 2015 concerning Dragon Oil and Petroceltic, that it remains bound by the restrictions set out in Rule 2.8 of the Irish Takeover Rules for a period of 12 months from 1 December 2014 and confirms that it has no intention of making an offer for Petroceltic.
Enquiries:
Dragon Oil plc:
Tel: +44 (0)20 7647 7804
Anna Gavrilova
Citigate Dewe & Rogerson:
Tel: +44 (0)20 7638 9571
Martin Jackson
Citi:
Financial Adviser to Dragon Oil
Tel: +44 (0)20 7986 4000
Simon Lindsay
Hamza Girach
Owain Parry
Citigroup Global Markets Limited ("Citi") is authorised in the United Kingdom by the Prudential Regulation Authority and regulated in the United Kingdom by the Financial Conduct Authority and the Prudential Regulation Authority and is acting exclusively for Dragon Oil and will not regard any other person (whether or not a recipient of this announcement) as a client in relation to the matters referred to in this Announcement and will not be responsible to anyone other than Dragon Oil for providing the protections afforded to clients of Citi or for providing advice in relation to any matters referred to in this announcement.
END