RNS Number : 4051T
Dragon Oil PLC
04 June 2009
FOR IMMEDIATE RELEASE
4 June 2009
DRAGON OIL PLC
(the 'Company' or together with its subsidiaries 'Dragon Oil' or the 'Group')
Statement regarding a preliminary approach
The Board of Dragon Oil plc, an international oil and gas exploration and production company, announces that it has received an approach in relation to a possible offer for the Company (the 'Approach'). The Approach is of a preliminary nature and there can be no certainty that any offer will be made or as to the terms of any such offer, should one be forthcoming.
A further announcement will be made as appropriate.
Joint brokers and financial advisers
Davy Corporate Finance Tel: +353 1 679 6363
Merrill Lynch International Tel: +44 (0)20 7628 1000
Citigate Dewe Rogerson Tel: +44 (0) 20 7638 9571
The Directors of the Company accept responsibility for the information contained in this announcement. To the best of the knowledge and belief of the Directors of the Company (who have taken all reasonable care to ensure such is the case) the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information.
Davy Corporate Finance, which is regulated in Ireland by the Financial Regulator, is acting for the Company and no-one else in relation to the Approach and will not be responsible to anyone other than the Company for providing advice in relation to the Approach.
Merrill Lynch International, which is regulated in the UK by the FSA, is acting for the Company and no-one else in relation to the Approach and will not be responsible to anyone other than the Company for providing advice in relation to the Approach.
Any person who is a holder of one per cent or more of any class of shares in Dragon Oil plc may be required to make disclosures pursuant to Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules 2007 and 2008.
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