Lower crude price hits Dragon Oil revenues

Dublin-listed international oil exploration company Dragon Oil saw revenue fall 16 per cent in the first half of 2013 to $491.6 million due to a lower realised crude oil price of $86 per barrel.

6th August, 2013
Dragon saw average gross production growth of 15 per cent to approximately 73,600 barrels of oil per day.

Dublin-listed international oil exploration company Dragon Oil saw revenue fall 16 per cent in the first half of 2013 to $491.6 million due to a lower realised crude oil price of $86 per barrel.

Profit for the period was also hit, falling 22 per cent to $241.4 million, and the company held its interim dividend static at 15 cents per share.

But Dragon saw average gross production growth of 15 per cent to approximately 73,600 barrels of oil per day. It also...

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