Dubai's Dragon Oil eyes $785m deal for Irish firm - ArabianBusiness.com:
"Dubai-based Dragon Oil, an energy exploration, development and production company, on Monday confirmed that it is in discussions regarding a possible offer for Petroceltic.
Dragon Oil, which has Emirates National Oil Company (ENOC) as its majority shareholder and produces in Turkmenistan, said in a statement that the offer is of the order of 230 pence sterling per share in cash, or £492 million ($785 million) in total.
The offer is subject to the approval of Dragon Oil shareholders, a statement by Irish-based Petroceltic added."
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