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 OF SUCH JURISDICTION
FOR IMMEDIATE RELEASE
THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE CITY CODE ON TAKEOVERS AND MERGERS
Dragon Oil plc ("Dragon Oil" or "Company")
28 February 2012
Rule 2.8 announcement
Further to Dragon Oil's announcement on 17 February 2012, the Board of Dragon Oil announces that it is no longer exploring an offer for all of the issued and to be issued share capital of Bowleven plc.
A copy of this announcement will be available on the Company's website (www.dragonoil.com) by no later than 12 p.m. (London time) on 29 February 2012.
About Dragon Oil
Dragon Oil is an international oil and gas exploration, development and production company, quoted on the London and Irish Stock exchanges (Ticker symbol: DGO). Its principal producing asset is in the Cheleken Contract Area, in the eastern section of the Caspian Sea, offshore Turkmenistan.
Dragon Oil (Turkmenistan) Ltd., a wholly owned subsidiary of Dragon Oil, holds 100% interest in and is the operator of the Production Sharing Agreement for the Cheleken Contract Area. The operational focus is on the re-development of two oil-producing fields, Dzheitune (Lam) and Dzhygalybeg (Zhdanov).