Clarification regarding name of investing entity
August 21 2009 - 2:00AM
UK Regulatory
TIDMDPL
RNS Number : 7964X
Dominion Petroleum Limited
21 August 2009
21 August 2009
Dominion Petroleum Limited
("Dominion" or "the Company")
Clarification regarding name of investing entity
On 18 August 2009, Dominion announced a new financing from BlueGold Capital
Limited. Dominion would like to hereby clarify that the entity investing in the
Company is BlueGold Global Fund L.P., which is managed by BlueGold Capital
Management LLP.
ENQUIRIES:
+--------------------------------+--------------------------------------------------+
| Dominion Petroleum Limited | |
+--------------------------------+--------------------------------------------------+
| Rob Shepherd, Finance Director | +44 (0) 20 7811 5300 |
+--------------------------------+--------------------------------------------------+
| | |
+--------------------------------+--------------------------------------------------+
| Pelham Public Relations | |
+--------------------------------+--------------------------------------------------+
| Archie Berens | +44 (0)20 7337 1509 / +44 (0)7802 442 486 |
+--------------------------------+--------------------------------------------------+
| | |
+--------------------------------+--------------------------------------------------+
| Seymour Pierce Limited | |
+--------------------------------+--------------------------------------------------+
| Corporate Finance: | |
+--------------------------------+--------------------------------------------------+
| Nandita Sahgal, Christopher | +44 (0)207 107 8000 |
| Wren | |
+--------------------------------+--------------------------------------------------+
| Corporate Broking: | |
+--------------------------------+--------------------------------------------------+
| Richard Redmayne, David Banks | |
+--------------------------------+--------------------------------------------------+
| | |
+--------------------------------+--------------------------------------------------+
| Tristone Capital Limited | +44 (0)207 355 5800 |
| Nick Morgan | |
+--------------------------------+--------------------------------------------------+
ABOUT DOMINION PETROLEUM
See www.dominionpetroleum.com
ABOUT BLUEGOLD CAPITAL
BlueGold Capital Management LLP ("BlueGold") is a London-based hedge fund
manager investing in the global commodities markets with an emphasis on oil
derivatives trading. At the start of August 2009, BlueGold assets under
management had reached US$1.4bn. BlueGold aims to generate returns through
discretionary fundamental trades, directional and relative-value. The bulk of
the risk is usually assigned to outright crude oil positions as well as
positions exploring relationships between refined oil products and different
grades of crude oil. The fund managed by BlueGold targets absolute returns with
a very asymmetric payoff profile. This asymmetry is derived from positions with
embedded optionality, a long volatility bias, a dynamic positioning and a strict
drawdown plan enabled by a highly liquid portfolio. BlueGold also allocates a
portion of its risk to commodity equities, with a particular focus on E&P
companies. The firm was co-founded by Pierre Andurand, CIO, and Dennis Crema,
CEO, two former senior oil traders at Vitol S.A.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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