Dragon Oil, which has a stock market listing in Dublin, has said it is likely to miss its production growth target in 2009 due to 'operational issues' at several wells.
It also said it was continuing to talk to majority shareholder Emirates National Oil Company (Enoc) about a possible takeover bid.
Dubai-based Dragon said gross output growth for the full year is likely to be below the 15% a year level the company is aiming for over 2009-11. It reported a 37% drop in net profit to $105m in the first half of 2009, due to lower oil prices.
Turkmenistan-focused Dragon said in June it received a takeover approach from Dubai state-owned Enoc, which said it wanted to pay a 'modest' premium to Dragon's share price before the approach, something some minority investors in the company said they would not welcome.
