Possible Offer for Petroceltic International plc

Possible Offer for Petroceltic International plc

The Board of Dragon Oil plc (“Dragon Oil”) notes the announcement by the Board of Petroceltic and confirms that it is in detailed discussions regarding a possible offer to be made by Dragon Oil for the issued, and to be issued, share capital of the Company (the “Possible Offer”) at a price of 230 pence sterling per share in cash.
There can be no certainty that any offer will be made or as to the terms of any offer. A further announcement will be made as appropriate.
Oil and Gas Press

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