Thread started 31st July 2008, Price = 15.75p
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CLICK THE ARROW TO SKIP HEADER -- -- -- -- -- CLICK THE ARROW TO SKIP HEADER -- -- -- -- --

Web Site : http://www.dominionpetroleum.com/

May 2008 Presentation : Link To PDF file

July 2008 Presentation : Link To PDF file


Dominion is an independent energy company dedicated to exploration for new oil and gas reserves in East and Central Africa.
The Group was founded in 2004 and the strategy is to become the leading independent upstream exploration company in this region.
DPL intend to achieve this objective by using their experienced management team, their firm contacts and partners in East and
Central Africa and their excellent understanding of the geology of the region.
DPL are continuing to build on their strong acreage position in Tanzania and the Albertine Rift Basin (Uganda and Democratic
Republic of Congo) by adding new exploration opportunities in other emerging petroleum provinces in East and Central Africa.
The company currently has 57,356 square kilometers (14.17 Million acres) under license in Tanzania, Uganda and the Democratic
Republic of Congo (net to Dominions interest 53,573 square kilometers or 13.24 Million acres).




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May 2008 Presentation : http://www.dominionpetroleum.com/uploads/DPL2008.pdf

July 2008 Presentation :

http://www.dominionpetroleum.com/uploads/ExplorationintheEastAfricanRifts080723.pdf

About a 400% rise in 2009 so far..................

Yes..........

Drill bit not too far off td now either.

http://www.investegate.co.uk/Article.aspx?id=200903061042374...

Mihambia-1

Dominion announces that the Mihambia-1 exploration well in the Mandawa Production Sharing Agreement ('PSA') area, Tanzania, has been plugged and abandoned at a total depth of 2,508m...............

DPL are presenting in London 14/05/09!

Details and FREE registration can be found here;

For details and FREE registration, CLICK HERE

These are superb evenings in a lovely hotel in the heart of Mayfair!

Mix with other investors, market professionals, and the CEO's of the presenting companies for complimentary wine and canapes afterwards!

Nearest tubes are Green Park and Bond Street.

Proactive Investors One2One Forums

The directors of Caza Oil & Gas (AIM: CAZA), Dominion Petroleum (AIM: DPL) and Victoria Oil & Gas (AIM: VOG) will be presenting:

Wednesday the 19th August 2009
Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB

The presentations will start at 6:00pm and finish at approx 7:30pm. After the presentations are complete the directors will be available to take questions during a free canapand wine reception.

Register Here - http://www.proactiveinvestors.co.uk/register/event_details/61

There are superb evenings held in a quality location where you have the rare opportunity to chat with the CEO's after the meeting in an informal atmosphere, and also a chance to network with city professionals and other private investors.

If you have any problems registering or queries please email action@proactiveinvestors.com

The Chesterfield Hotel is a short walk from Green Park tube station, and around a 7 minute walk from Bond Street tube.

Just seen this RNS......still at the bottom this one...looks interesting

DJ Dominion Petroleum Starts Uganda Drilling In Coming Mos

LONDON (Dow Jones)--Dominion Petroleum Ltd (DPL.LN), an independent oil and gas exploration company operating in East and Central Africa., said Tuesday that the coming months are likely to be particularly exciting for our shareholders as it commences its drilling programme in Uganda.

MAIN FACTS:

-Exploration Area 4B (EA4B) in Uganda is located in south-western Uganda in the Lake Edward segment of the Albertine Rift Basin.

-The adjacent segment of the Rift Basin - Lake Albert - has been the site of several major oil discoveries in the last three years including those of Kingfisher, Warthog and Buffalo-Giraffe.

-In November 2008, Dominion completed the acquisition of 371 kilometers of 2D seismic data onshore and 130 kilometers on Lake Edward.

- In EA4B, Dominion has to date identified four prospects and 11 leads.

-The prospects are adequately defined by the existing seismic and may be considered ready for drilling.

-The leads require the acquisition of further seismic.

-The restructuring of the existing loan notes will make it easier for us to raise additional funds going forwards, to ensure the potential is realized.

-As part of fund-raising strategy, it has also initiated a farm-out process of EA4B.

-By London Bureau, Dow Jones Newswires; Contact Ian Walker; +44 (0)20 7842 9296; ian.walker@dowjones.com

(END) Dow Jones Newswires

September 08, 2009 05:34 ET (09:34 GMT)

Copyright (c) 2009 Dow Jones & Company, Inc.

wizard- Have they got a partner yet for Uganda or is that going to be announced soon?

LONDON -(Dow Jones)- Exxon Mobil Corp. (XOM) and Total SA (TOT) are in talks to enter Dominion Petroleum Ltd.'s (DPL.LN) acreage in Uganda, people familiar with the matter said this week, as the scramble for new African oil heats up.

Last week, Italy's Eni SpA (E) said it had agreed to buy stakes held by Heritage Oil PLC (HOIL.LN) in Uganda for $1.35 billion.

Subsequently, Heritage's partner Tullow Oil PLC (TLW.LN) said it may use its preemption rights to acquire Heritage's licenses. That would give Tullow 100% control of oil resources discovered in Uganda's Lake Albert region.

Dominion, which is registered in Bermuda but listed in London, owns 1.06 million acres of exploration prospects in Southern Uganda, making it the second-largest private oil acreage holder in the Eastern side of the Albertine Rift.

It also has rights on the other side of Lake Edward, in Congo, though the contracts have yet to be ratified.

Dominion mentions in a recent company presentation that independent auditors had in July of this year identified, through seismic and aerial surveys, 387 million barrels of oil of prospective resources in Uganda and a further 782 million barrels of potential upside.

Tullow, whose assets are located north of Dominion's blocks in Lake Albert, plans to sell part of its stakes in three Lake Albert license blocks to a company that can help fund development of the resources. Total of France and U.S. oil giant ExxonMobil are among 13 companies that have visited Tullow's data room, said one of the people.

Tullow expects to announce which company it will choose as a partner for its Ugandan oil fields in the first quarter next year.

Total and ExxonMobil are "looking at further upside in the area" by potentially acquiring a stake in Dominion, one person said. Eni has also approached Dominion, though the contacts are no longer ongoing, the person added.

The company Tullow picks as its new partner is likely to want to expand its acreage position within Uganda, said the other person.

Eni, Total, Dominion and ExxonMobil declined to comment on the talks.

However, a Dominion spokesman reiterated a company statement that said, it "has initiated a farm-out process... We have been encouraged by the strong interest shown from quality companies keen to join Dominion in the next phase of its growth."
Company Web site: http://www.dominionpetroleum.com

Up between 20 and 25% today.

http://www.proactiveinvestors.co.uk/companies/news/15238/dominion-petroleum-reborn-with-great-expectations-15238.html

Thursday, April 08, 2010

Dominion Petroleum: Reborn With Great Expectations
by Oliver Haill

After an undistinguished few years, early-stage oil and gas explorer Dominion Petroleum is looking to reinvigorate its reputation. The company has refreshed its board with a new CEO and two non-executives and has just raised funds to accelerate its ....................

Permit to drill given.

Should start in around 8 to 10 weeks time.

Quite a defining moment of little DPL is about to commence.


http://www.investegate.co.uk/Article.aspx?id=201004120700100075K

RNS Number : 0075K
Dominion Petroleum Limited
12 April 2010

Issue of Official Drilling Permit for Uganda

Dominion is pleased to report that it has received its drilling permit for the Ngaji-1 well on Explora..............

Drilling still on for June :)

Results out.

http://www.investegate.co.uk/Article.aspx?id=201005040700152251L

.

Not long to the big spud and what should be a lot of interest in DPL. You can attend the presentation below if you want, click the link for the page and how to register to attend.......


http://www.proactiveinvestors.com.au/companies/news/7504/dominion-petroleum-confirmed-for-one2one-investor-forums-in-london-7504.html

Wednesday, May 26, 2010

Dominion Petroleum confirmed for One2One Investor Forums in London

The continuing success of our One2One Investor Forums in London has lead us to launch similar events in Manchester. You are warmly invited to attend our upcoming events, where we have an exciting line up of energy and mining companies presenting in both London & Manchester.

In London on Wednesday 2nd June at the Chesterfield Mayfair Hotel, you will see the management of Xtract Energy (AIM:XTR), Nighthawk Energy (AIM: HAWK), Lydian International (TSX: LYD) and Gulfsands Petroleum (AIM: GPX).

In Manchester on Thursday 3rd June at the Lowry Hotel, the directors of Xtract Energy (AIM: XTR), Nighthawk Energy (AIM:HAWK), Po Valley Energy (ASX: PVE) and Dominion Petroleum (AIM: DPL) will be presenting.

You can find further details on the presenting companies below. Please arrive at each event by 5:45pm for the presentations to begin at 6:00pm. Each company will have twenty minutes to present and then ten minutes for Q&A.

Following the presentations will be a complimentary bar and an assortment of the finest hot & cold canapes, giving our guests the opportunity to liaise and network with the directors and other attendees.

Both forums are free to attend, and it is expected that they will be oversubscribed, so please register to avoid disappointment. We hope you can make it and look forward to seeing you.

DPL might make an interesting play due to its proximity to TLW's proven field, but it's an out and out gamble

Sometimes a gamble pays off..... they are fully funded for their planned drills so I think its very worth a go.

Could easily double before drilling is complete.

I am fully loaded up on these Cynic,the secret is to buy in before the rush!!!!

Its the seismic which is been carried out on other blocks which is of interest and you dont carry out 3D if the 2D is poor. They should be drilling within the next month and that maybe an added bonus if they hit oil but I can see other partners joining up on other blocks.

Following its $50m fund-raising, Dominion has announced it has secured a rig to drill Block EA4B in Uganda. The rig is expected to mobilise in May and will target 100mmbo with drilling scheduled to begin in June.

Dominion also reported that its 3D seismic programme deep water Block 7, Tanzania, will begin in June, while onshore Tanzania preparations for drilling the Kianika-1 (WI: 10%) well was progressing to plan, with drilling also expected to start in June.

Also East sub-Saharan Africa has recently become an area of great interest for the oil companies, large and small.

It is lightly explored and Tullow's success in Lake Victoria, in a neighbouring concession, now justifies a gas pipeline; this would greatly support any discovery Dominion may make.

More recently, Anadarko announced success with its exploration in Mozambique

marky, you're like an incurable rash!

I've taken a punt on this.....but it is a punt.....the sp will be slaughtered if a dry well is the result.....so many of these explorers are drilling now....job to cover them all.....perhaps this will do better than Tower Resources...

For those that missed it, the recent Proactive Presentation is in the link below (PDF file).

http://www.proactiveinvestors.co.uk/genera/files/companies/dominion_powerpoint_v4_pic_op1v2__pdf_.pdf


Two spuds in the months ahead, likely Uganda late this month and Tanzania next month.

.

http://www.pdfqueen.com/html/aHR0cDovL3d3dy5kb21pbmlvbnBldHJvbGV1bS5jb20vdXBsb2Fkcy9PbW5pRFBMSW5pdGlhdGlvbnY3LnBkZg

Dominion Petroleum 11/03/2010

which of you sold out nearly 12 mil today????

Bit to early for me to sell out Balerboy the party hasnt even started....the early bird gets the worm!!!!Should be some news in the next couple of weeks site is a cleared and ready for rig arrival.

Interesting article in the FT about East Africa oilers.

http://www.ft.com/cms/s/2/a5cec7d6-7aff-11df-8935-00144feabdc0,dwp_uuid=e8477cc4-c820-11db-b0dc-000b5df10621.html

East Africa sees momentum for more oil and gas sector deals
By Paulina Lichwa in London

Published: June 18 2010 18:56 | Last updated: June 18 2010 18:56

Recent activity in East Africa could spur further interest for newcomers and existing oil operators to increase their positio..........................

Good articule , am holding AFR , COV and DPL

ah well, we can live in hope i guess

22 JUNE 2010

Dominion Petroleum Limited

("Dominion" or the "Company")

Operations Update

Spudding of Ngaji-1 well in Uganda, Block EA4B



DOMINION IS PLEASED TO PROVIDE AN UPDATE ON ITS OPERATIONS:



Uganda Exploration Area 4B (Dominion Uganda Ltd 100%, Operator)



The John-14 rig was transported without incident to the drilling site on the Ngaji (Silverback) prospect in May and June. The Ngaji location was chosen as it was deemed the best place to test the geology of the Lake Edward Basin in Uganda; specifically designed to identify elements of a working petroleum system. The well was spudded yesterday, targeting a depth of 2,000 metres, and should be completed during July. Dominion has put in place a full Emergency Response and Evacuation Plan with teams at the site, Kampala and London.

An Environmental and Social Impact Assessment for a follow-on seismic programme has also been initiated for subsequent appraisal work on the acreage later in the year, followed by more drilling in 2011.

Andrew Cochran, Chief Executive of Dominion Petroleum, commented:

"We are very pleased to announce that drilling has commenced on Ngaji yesterday. This is the first well ever in the Lake Edward Basin and the data gathered will guide our future work in the area.

"If the well is encouraging in terms of geology we will acquire additional seismic before year's end to support a much expanded exploration and appraisal drilling program commencing early next year.

"I am also pleased that all of our operational plans

http://online.wsj.com/article/BT-CO-20100627-703123.html

JUNE 27, 2010, 5:03 P.M. ET

Study : Dominion Tanzania Prospect Has 1B Bbl/Oil Potential-Source

LONDON (Dow Jones)--An independent assessment of the first prospect of Dominion Petroleum Ltd.'s (DPL.LN) Block 7 in Tanzania shows a prospective resource potential of one billion barrels of oil, or seven trillion cubic feet of natural gas, a person familiar with the matter said Sunday.

An independent geological report on the first prospect in the deepwater Block 7, which is 100% owned by Dominion, "has a mean prospective resource of 1.104 billion barrels of oil or 7.069 trillion cubic feet," the person said. The news comes amid renewed interest for the new East African frontier.

U.K.-based integrated gas company BG Group PLC (BG.LN) and U.S. major Exxon Mobil Corp. (XOM) recently acquired stakes in oil and gas exploration blocks offshore Tanzania.

Tanzania has seen little oil exploration, but contains a large section of the same East African Rift Valley where around 2 billion barrels of oil have been discovered in Uganda.

U.S. oil independent Anadarko Corp. (APC) also made a high quality deep water gas discovery in February in the section of the Ruvuma Basin that stretches into the waters of Mozambique.

-Benoit Faucon, Reporter, Dow Jones

http://www.investegate.co.uk/Article.aspx?id=201006280700203065O

Dominion Petroleum
Operations Update
RNS Number : 3065O
Dominion Petroleum Limited
28 June 2010


Operations Update

- CPR on Alpha Prospect shows large potential in Block 7, deep-water Tanzania

- Kianika-1 well spuds in onshore Mandawa licence, Tanzania

- Democratic Republic of Congo Block 5 ratified by Presidential Decree

- Uganda drilling operations for Ngaji-1 in EA4B ongoing



DOMINION IS PLEASED TO PROVIDE AN UPDATE ON ITS OPERATIONS:

Tanzania Offshore Deep Water Block 7 (Dominion Tanzania Ltd 100%, Operator):

Dominion is pleased to announce the results of a competent persons report (CPR) on the first prospect in Block 7, offshore deep-water Tanzania. The "Alpha" prospect has a mean pr.....................

opened on a bid/offer of 5.75/ 5.50 ...mms desperate for stock methinks .........

I have some and open to offers

do you also give a blow job as additional enticement (not bonus!) if we take your shares?

naaaah Mr C ,,,thats Clubmans modus operandi / would hate to see his video/ cd collection - mucky individual ....Roly / does c/mans posts remind you of someone ? They do with me - Testex - but i would have thought his stay at HMP for threatening to murder NML CEO a few years back would have been a lesson learnt .......perhaps not ....

i think clubby is very much into "no hands" meals, and often not administered by his (own) wife

Funny you should say that i thought that about another poster called Gausie on the BP thread and he said no.

When you asked if i was still on AOL did you mean the bb or my email address ? the AOL message board is closed down, my email is still AOL.com

Little write up on TMF

http://boards.fool.co.uk/Message.asp?mid=11967229&sort=whole

.

New Presentation out.

http://www.dominionpetroleum.com/_uploads/user/The%20Growth%20Summit%20for%20Junior%20Oil%20and%20Gas%201st-2nd%20July%202010.pdf

.

Looking a bit stronger today, perhaps the overhang is finally clearing ?

Should certainly have a good bounce up when the overhang does finally clear.

I bought in today expecting a good rise in the next week or so until we get the drill results.

http://af.reuters.com/article/investingNews/idAFJOE66B0NX20100712?pageNumber=1&virtualBrandChannel=0

Congo could produce oil in east from 2013

http://www.ogj.com/index/article-display.articles.oil-gas-journal.volume-108.issue-25.exploration-__development.amerisur-eyes_seismic.html.html


Shooting of 200 line-km of 2D seismic on the Lotshi block in onshore western Congo (former Zaire) is to start in early July, said EnerGulf Resources Inc., Houston.

EnerGulf, block operator with 90% interest, said it has improved roads and cleared 40% of the planned lines on the 500 sq km block.

The company is also performing surface geologic studies and geochemical sampling of oil seeps in the eastern part of the block, whose eastern boundary is contiguous with a bitumen mining license.

Congo (former Zaire) issued a presidential decree as the final step in the award of Block 5 to SOCO Exploration Production DRC SPRL.

The SOCO-operated block is at the southern end of the Albert graben and includes part of Lake Edward. The partnership committed to shoot at least 300 line-km of seismic and drill two exploratory wells.

The Block 5 partnership consists of SOCO 38.25%, Dominion Petroleum Congo SPRL 46.75%, and state Congolaise des Hydrocarbures (Cohydro) 15%.

Snippet in the FT today might be true.

The Buy Side of the order book on L2 is looking stronger.

300K buy order at 5.3p
200K buy order at 5.25p

Might be time for a rise at long last.........



http://www.ft.com/cms/s/0/26ca0e1a-8e4a-11df-964e-00144feab49a.html

.............Dominion Petroleum was 0.2 per cent higher at 5p on talk that an overhang of stock belonging to former directors had been cleared.............

.

Does look ready to pop upwards now. Would it not be so nice if the overhang is clear and now they announce an oil strike from one or both of their ongoing drills.

Well, we can dream........ if it happens there should finally be a violent move up, and if not, well, its depressed already.

Looks good for an increase in the sp.....it's a gamble with a heck of a lot of upside if it comes right.

It's woken up....

Over hang must be cleared!!!

A bit more meat on the bones to chew on

http://www.proactiveinvestors.co.uk/genera/files/companies/dominion_powerpoint_v4_pic_op1v2__pdf_.pdf

Solid buying.

I get a suspicion that the ongoing well is going to be a gusher, with news soon, maybe next week !

We know there is/was an overhang, the sudden massive increase in buying volume might indicate a leak......... ? ;)

I do like a rumour!!!!

I do like a day like today with huge buying volume and a nice rise. Can we have another tomorrow......

Solid volume leap, lots of buying. Rumours in the FT of the overhang clearing and possibly drilling results very soon.

Could be the beginning of a "Golden Cross" on the charts (where you will see the red coloured line shoot up through the green one as the price rises fast) ..............



.

Acquired a bit more here in last few days, looking promising!

Up today, just a sprinkling of good news and strong buying and the Golden Cross should happen as this "pops" after being suppressed with an overhang for a long time.

golden cross - in your dreams!!!!
go and look at the chart properly, not that i hold great store by GCs or even DCs

You'll hurt pro's feelings cynic.,.
edit: topped up here in hope.

Its on the move again

Good news from the drill this should shoot well over 10p and the Golden Cross will happen...........

Fingers crossed for the good news, so cynic can then look at the chart in a couple of weeks and see it.

This is all guesswork...we don't know for sure....the good thing is that this company has quite a few drilling assets....switched a little bit of MATD into this ....just to level things out a bit....

i think Cynic maybe holding a small amount of these.

yes cynic does hold, and below is a chart to show that this so-called magical GC is not remotely near forming .... indeed, the DMAs are still trending down, though now levelling off

cynic, thats a perfect formation ready to explode with a Golden Cross. Many do not happen, but you have to spot the potential to be in before they move.

Overhang clearing, two ongoing drills.

That means the potential is there for a major move upwards, and a GC formation on the charts.

Rumours are the present well in Uganda is a duster, so be careful is what I would suggest.

It would be no surprise as its the first well into the area.

Anyway, thats all it is, a rumour, so always DYOR ! as it may be wrong.

Its a duster! some you win some you dont.

sp to fall to 2p!
another neo-timis stock i think

Its only the first drill , expect traders to sell on the news. But for investers its top up time.

i am amazed how much strength it has shown ..... keeps going in and out of auction, but books are remarkably well-balanced all things considered

Sold out at a loss....not very optimistic about this one now...as market cap is too high and it's all in the air as to what might happen...better value elsewhere...

sold half at a loss but not as bad as feared .... now smallholding with pig!

I'm out and won't be back for ages....nothing going on.....COV is a better bet if you want exposure here.....and HOIL shareholders are due for a big dividend on the Uganda front.....

your prob right
=====

taken my medicine
it didn't taste very nice but it could have been much worse

Dont listen to office boy he bets in 1p spreads

The share price should lift a little as results due from Tanzania, the Kianika-1 well should be know early September or late July.

what happened to August?? or do you mean july 2011..

"Well" pointed out! was not thinking correct i was thinking of my losses in this today its late August early September.

lol.

If you bother to read the spudding RNS it clearly states this is a geologic well. You will also see historically that Heritage/Tullow drilled dusters for 3 years before striking it luck in that area.

DPL has some big excitement with offshore Tanzania, I went long again today DPL sub 3.3p levels, and very happy to get back in at that level.

OH, so they were not looking for oil at all, just pretty rocks and strata, wouldn't have bothered investing if I'd known that....

Buy side of the order book picking up some strength now, might be another tick up before close, you never know.

Is it my imagination or has this been in auction for 30 mins

quite possibly ... it's 3.55 either way on screen

Tis back with us.

looks like holders are averaging down.

is that the same as trying to catch the falling knife?

maybe but like all these "piss pot" oilies there will no doubt be a lot more rumour and speculation to come.

surely you and your merry men don't have this one?

http://www.oilbarrel.com/nc/news/display_news/article/dominion-petroleum-suffers-as-the-first-ever-well-in-ugandas-lake-edward-graben-comes-in-dry/771.html

July 22, 2010

Dominion Petroleum Suffers As The First Ever Well In Ugandas Lake Edward Graben Comes In Dry





Shares in Dominion Petroleum took a big on Wednesday, slumping almost 40 per cent to 3.39 pence, as the market reacted to news that the Ngaji-1 well in Uganda was a duster. The well, the first ever in the Lake Edward Graben, was drilled to 1,765 metres and failed to find any significant hydrocarbons, although a full suite of logging, coring and a vertical seismic profile will be acquired to help build the knowledge base of this, until now, virgin basin.
This is a setback for the AIM company, knocking confidence in its Uganda position, particularly as Ngaji (or Silverback) was selected as the maiden well because it was deemed the best location to test the geology of the basin. Uganda has become something of a City favourite following Tullow Oils successes in the Lake Albertine Graben to the north, where the resource estimates run into the billions of barrels, but dud wells by Tower Resources and now Dominion Petroleum may lead some investors to believe that Tullow (and its forerunners Heritage Oil and Hardman Resources) has a monopoly on the hydrocarbon-bearing rocks in this country.

Yet this is still much to play for here. Dominion, which is well funded following a US$50 million equity funding in March, has a strong acreage position in the Lake Edward Graben, straddling both Uganda and the Democratic Republic of Congo, so one dud well does not write off the entire basin. Whats more, as chief executive Andrew Cochran pointed out, the geology observed in the well demonstrated key elements of a prospective basin which had otherwise been fundamental risks in the Lake Edward Graben. The company now plans to acquire 2D seismic later this year ahead of further drilling in 2011; indeed, the Ngaji-1 well may well be suspended and used as the base for possible deviated drilled under Lake Edward next year to test a down-dip lead.

For many investors, however, the real interest in the Dominion portfolio lies to the south, off the coast of Tanzania. This is part of the East Africa Margin, an area that has attracted increased industry investment in recent years, a spend that seemed to be justified after earlier this year Anadarko Petroleum made a serious gas discovery in the deepwaters off Mozambique. This find, Windjammer, was important because it demonstrated the presence of source rock capable of generating significant volumes of hydrocarbons in this region, which, until this well, was the predominant risk associated with the offshore East African Margin.

Dominion holds 100 per cent of Block 7 in the deepwaters off Tanzania, where a recent CPR attributed the Alpha prospect a mean prospective resource of over 1.1 billion barrels of oil or more than 7 tcf of gas. Admittedly, this is high risk deepwater drilling (about 4,000 feet down), with Energy Resource Consultants giving the prospect a 12 per cent chance of success with a net risked mean resource of 134 million barrels of 848 billion cubic feet of gas.

A 1,000 sq km 3D seismic survey is expected to start shooting shortly, and should take 60 days to acquire. This will provide further data on Alpha and the other prospects and leads already identified on existing 2D seismic. This is mouth-water stuff: according to Cochran, a former exploration advisor at Anadarko, Alpha is not unique nor even the largest prospect so far identified in Block 7. This is an excellent start and it demonstrates the 'world class' nature of Block 7 in terms of hydrocarbon potential, said Cochran. Once armed with the upcoming 3D we will carry out additional technical analyses and update the full prospect and lead inventory accordingly."

The company also has a 10 per cent interest in the Mandawa PSA onshore Tanzania. Here the Kianika-1 well spudded last month, some 200 km south of the capital Dar es Salaam, to target a 264 bcf gas prospect with a 9 per cent chance of success. The first well here, drilled in early 2009, was P&A after it was found to be water-bearing, and Dominion subsequently farmed-down to Maurel & Prom to reduce its equity to the current level.

After the disappointment of the first Ugandan well, the Dominion Petroleum story looks to increasingly be a deepwater Tanzania story although time, and further seismic and drilling, may yet prompt a re-examination of the prospectivity of the Lake Edward Graben acreage.

sp waking up a little today is there some news coming?

Lots of volume and a lovely round bottom floor and now rising

sp up 20% so far today!

whoopy....

I like a round bottom....being very cheeky :)))

A folllow through today after the large profit taking yesterday after lunch time

The piece from Shares Magazine ..............


'Dominion Petroleum, which, unlike Heritage, remains a
player in Uganda, has also come off sharply. Its shares have
fallen 40% in the wake of disappointing results from the
Ngaji-1 exploration well in the country. We think the group
has capacity to recover with interest likely to switch to its
100%-owned Block 7 in deep waters offshore Tanzania. The
38 million cap expects to commence a 1,000 square kilometre
3D seismic survey imminently and positive results could
help attract a partner to the project.

Shares says: Buy Heritage Oil at 321.4p, Dominion
Petroleum at 3.1p.'

Large volume so far and share price rising

strong order book on the bid side

http://moneyam.uk-wire.com/Article.aspx?id=201009300700215642T

sp moves up smartly at the close?

spiked this morning, news coming?

think i did some dosh on this one a year or so back

do you rate this one friend hali?
order book looks uncomfortably weighted towards sellers which is of some concern, even though volume is very heavy

cynic we got caught when they announced a duster in Uganda so we averaged at around 3p waiting for some positive news, AGM coming up next month.

i always (well, quite often!) pay attention to what you post and was moderately tempted, but it worries me that offer outnumbers bid about 2:1, so not sure why the huge volume if it's positive

.

Forget about this...of all the oilies to pick....not this unless for a quick buck...if you want exposure to offshore Tanzania, take a look at COV, or even little AEX who will probably be respudding soon....

cynic possibly sp reacting to BG. RNS about drilling progress in Tanzania which is becoming a bit of a hotspot for E&P companies including your favourite TLW.

cynners ,Post Lake Edward duster , Since July i have been automatically trading in high volume @ 3.2 or so and selling beteen 3.8 and 4.00 .(only interday candlestick charts with their long wicks really illustates the riduculous regularity of this pattern ) .. so good for a quick buck ...But should j/vs with Soco or Maurel et Prom prove positive the entire ballgame changes but with over 1.5 billion shares in the mix big returns will be surely minimal ..but until news is known it remains a bit like painting by numbers play .A bit of fun - but lucrative. l agree with RF ...lf you want some exposure on what is being dubbed the new" hydrocarbon highway", and more importantly, serious money COV with over 50 leads on East African shelf from Kenya to mozambique is one to watch with a keen eye - ...-well capitalized , well run. well supported by insts, and well liked among city wallahs coupled with interests in two recent 8-12 TCF strikes of gas with Anakardo as oppos makes it an attractive investment

thanks TFC and RF .... have eyed COV a few times and may now buy a few and tuck them away (for at least a couple of months!)

Just checked COV out on advfn,their's a posterunder the name" thecynical1"?

TFC have you checked out PTR,some great feed back from those that attended the OB presentation. Russian based and has blocks next to the former IEC.
cyril

many thanks NOC - i shall re investigate / re-evaluate Not overkeeen on investing in Russian junior oil companies ; but there are always exceptions- and often very profitable ones, and furthermore Petroneft is one i have sized up on numerous occassions ,,,Reg-DPL ,,,,,l see on the back of todays upbeat RNS reg. oppo update on block 7 offshre Tanania coupled with news that j/v with M@P will be known in next few weeks , that not unsurprisingly DPL up at mid 4p within a few minutes of the mkt opening..........

DLP motoring today .Over 40 million volume and up a tad shy of 20% on the day- and judging by the size of many of the buy trades would suggest it is news driven as opposed to speculative posturing . ......Qui sait ?......Hopefully it is impending news on j/v with French midcap darling Maurel et Prom ............or news on Exxon farming into block 7 offshore Tanzania

Anyone holding these? Huge potential but obviously risky! Short/medium term expectations?

DPL creeping up to b/o of 5.06 to 5.15p on volume a tad shy of 30m with ratio of 4#1 in favour of buyers as opposed to those selling. ...news on j/v with M&P must be iminent

Update on Kianika-1
Presentations at Canaccord Genuity and RBS Investor Conferences

Dominion announces that it has been advised by Maurel & Prom, operator of the Mandawa PSA in Tanzania (Dominion 10% working interest) that the Kianika-1 well has reached the planned depth of 3,040 m. The targeted carbonates of Mid Jurassic Mtumbei formation were found with good reservoir characteristics, which confirmed the rationale for investigating this play.

No hydrocarbon shows being encountered (possibly due to lack of effective lateral seal), the well has been plugged and abandoned.

Under a farm-out agreement with Maurel et Prom, Dominion's funding requirement in respect of the Kianika-1 well on the Mandawa licence was reduced from 100% to 20% of the drilling costs and to 10% of associated expenses. Dominion retains a 10% interest in all profits earned from the Mandawa licence.

The Kianika-1 well is the second and last commitment well of the Initial Exploration Phase. Maurel & Prom is further evaluating the well results to determine the way forward with this block.

Dominion participated in the annual "RBS Equities Oil Services and E&P Seminar 2010" this week in London and also the "2010 Canaccord Genuity Global Energy Conference" in Miami. A copy of the conference presentation will be made available on the Company's website later today. The presentation updates the Company's most recent activities focused on offshore Tanzania Block 7 and the Albertine rift straddling the border between Uganda and the Democratic Republic of Congo.

Bad luck anyone holding this.

My speculative money in small cap oilers is in AST and EOG, and glad that it is.

of course it is .... you only ever buy shares that will inevitably go up .... it doesn't look as though DPL had too much financial exposure here though

I banked some more profit yesterday @ 6.2 and will buy more if it fall's off a cliff Monday.

is that not "falling knife" syndrome? ...... i know of rather than about this company, so what is the great attraction for you?

============

4.50 or even 3.50 look distinct possibilities for monday

I done it last time when they had a worst RNS then this one and am now showing a profit of 89.2% , panic and stop loses kicking in may create an overreaction.

that's not good logic for buying! .... do you play roulette or the horses too?

What would you do

a/ sell all

b/ sell half

c/ Hold all

d/ sell and buy back in after they looked to have bottomed

or use logic and top up after the sell off .

Morning all, i bought wednesday sold mid morning yesterday, made a quick turn. Bought some EOG, should hear some news 5-10 days??????

bearing in mind that i don't know what true prospects this company may have, nor knowing the amount (relative to other holdings) you have invested here, my strong inclination would be (a) ..... if you are tempted to get back in, you'll have to ask Mr P where the bottom might be (sorry - assuredly is!), as he has told us he has unerring judgement in these things, and further, he will be able to tell with absolute certainty whether or not DPL has a good and profitable future!

gut feeling is that 3.50 may well be seen and that could/should provide support and thus a point from which a decent(?) bounce may be seen

When i bought back last time they had fallen to 3.20

other than as a vehicle for trading, do you have any reason to believe that DPL has a seriously good chance of making good?

TFC , has told you before the reason's. Anyway the RNS doesn't change much, its their 100%-owned Block 7 in deep waters offshore Tanzania that's the key to a blue sky share performance.

that makes sense - thanks

Pullback might not be quite as severe as that.....COV and East Africa are very much in vogue.....could be a rebound from the initial drop....

COV is prob the better bet, though i don't have any of those either at the moment

I bought COV when i bought DPL . bigger investment then in DPL

Would seem Aldwickk was right to hold.....I forgot this morning and glad I did as am back in profit again, did you buy on dip Ald???

No i missed the dip , but it was a small dip and it recovered to fast for me to buy .

Didn't feel brave enough to stay in this am, so I'm out for now.,.

A good run again today and gaining in interest as Africa becomes hot property. How long before a farm in and what's the likelihood it's Petrobras. This could be very cheap, would like to top up really.

Another 8% higher yesterday

at 6.425 ( 6.35 / 6.50p )

Turning on the chart with volume after retracement, Indicators turning also

the price is consolidating on the way up as time past by. 6.45 / 6.55p
now 6.70 / 6.95p

"A huge accomplishment" apparently to get this placing under way.

Presumabaly he means it is a huge accomplishment to smack the little guy in the face.

Poor PI's never seem to count for much when it really matters.

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