Thursday 8 December 2016

Dragon Oil planning to explore in Tunisia

EXPLORATION

Published 11/10/2011 | 05:00

DUBLIN-LISTED Dragon Oil has signed a deal to explore in Tunisia, expanding beyond Turkmenistan for the first time as part of a long-stated plan to add new projects to its portfolio.

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The company said yesterday that it agreed to acquire a 55pc interest in an exploration permit off the coast of Tunisia for as much as $26.6m (€19.5m). The shares closed 1.8pc higher at €5.60 in Dublin, boosting the company's market capitalisation to €2.87bn.

Byrne named next CEO at GS1 Ireland

APPOINTMENT

GS1 Ireland has appointed Mike Byrne as CEO designate. The current chief executive, Jim Bracken, will retire in April of next year. Mr Bracken has been CEO since November 2001. GS1 Ireland is part of GS1 (Global Standards1), the global supply chain standards agency. Mr Byrne is currently a commissioner with ComReg, the regulator of Ireland's electronic communications and postal sectors.

Top bookmakers call off bid talks

MERGER

Britain's biggest betting firm Ladbrokes and online gaming firm Sportingbet have called off bid talks, scuppered by regulatory worries over Sportingbet's Turkish business. "The potential benefits and risks associated with a combination with Sportingbet were clear to us from the outset and have been well covered by the market," Ladbrokes' chief executive Richard Glynn said.

Encore Oil to vote on £221m takeover

TAKEOVER

SHAREHOLDERS in North Sea explorer Encore Oil are to vote on a £221m (€253m) takeover of the company by Premier Oil, which was accepted by the board on Friday. The offer of 70p a share was a 55pc premium on Thursday's closing price, but the stock closed up at 78.25p in London yesterday.

Google paid €5.6m in corporation tax

GOOGLE

AN article in last Saturday's Irish Independent reported that Google Ireland paid €2.3m in corporation tax last year. In fact, Google Ireland paid €5.6m in corporation tax in 2010. The Irish Independent is happy to clarify this point.

Irish Independent

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