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DEO Petroleum (DEO)

Business description

DEO Petroleum is an oil and gas development and production company with assets in the Central North Sea.

Established pedigree

Outlook | Oil & Gas | 01/06/2011

DEO Petroleum is a new company to the North Sea, but its management team brings years of operating and production experience. The company is attracting top class partners such as Faroe Petroleum and Parkmead, with both stranded asset development and exploration as part of its strategy. With its core Perth asset set to move into production by 2014, DEO is working towards becoming a leading independent North Sea E&P player.

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Stock data

Market cap.£11.8m
Last close27.250p
High / Low (52 weeks)27.2p / 27.2p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamResources - Oil & Gas
SectorOil & Gas

Price performance

Relative *(1.7)(3.1)(7.1)

* % Relative to local index