Dragon Oil plcs principal production and exploration interests are located in the Cheleken Contract Area in the Caspian Sea, offshore Turkmenistan. The Cheleken Contract Area covers approximately 950 sq.kms and comprises two offshore oil and gas fields, Dzheitun (LAM) & Dzhygalybeg (Zhdanov), in water depths of 10 to 37 metres.

            Red = 25 day moving average.           Green = 200 day moving average.

Statement regarding possible offer for Dragon Oil plc ("Dragon Oil")

ENOC notes the earlier Dragon Oil announcement.

ENOC confirms that it made an approach for Dragon Oil on 15 March 2015. The approach reflects a premium to the closing share price of £5.09 as of 13 March 2015.

There can be no certainty as to whether or not a firm offer will be made nor as to the terms on which any firm offer might be made.