Dominion Petroleum
Dominion is dedicated to exploration for new oil and gas reserves in East and Central Africa. Dominion is the second largest net acreage holder in the Albertine Rift Basin in Uganda and the Democratic Republic of Congo where it operates two exploration licences. This basin has seen nearly thirty oil discoveries over the past three years and has emerged as the premier new oil exploration province in the region. Dominion’s net unrisked recoverable resources in Uganda (PDF) have been independently estimated at 359 Million barrels of oil (64 Million barrels risked).
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Company Statement:
Dominion's early entry and its strong local partners have enabled the company to gain a significant acreage holding in Africa. The company has one Production Sharing Agreement offshore Tanzania (Block 7) and three onshore - Mandawa, Kisangire (which includes the Lukuliro licence) and Selous.
Dominion also holds a 95% interest in Ugandan Exploration Area 4B in the Albertine Rift Basin, the site of almost thirty recent oil discoveries. In the Democratic Republic of Congo, Dominion has signed a Production Sharing Agreement for Block 5 together with partners Soco International and the State Oil Company which has received Presidential ratification.
Current Operations:
Onshore Tanzania
Dominion’s wholly-owned subsidiary Dominion Oil and Gas Limited owns production sharing rights over three contract areas onshore in Tanzania. The Mandawa and Kisangire PSAs were signed on 20th May 2005; the Selous PSA on 27th April 2006. Mandawa (50% working interest, Les Etablissements Maurel & Prom (“M & P”) 50%) and Selous (100% working interest) PSA’s are currently operated by Dominion; Kisangire is operated by Heritage Oil and Gas through its subsidiary, Heritage Tanzania Kisangire Limited (Dominion 45% working interest). [READ MORE]
Offshore Tanzania
In March 2007, Dominion Tanzania Limited - a wholly-owned subsidiary of Dominion Petroleum - signed a Production Sharing Agreement which grants rights to explore for petroleum in the offshore Block 7. The First Exploration Period expires in May 2011. Block 7 is located on the continental slope of the Indian Ocean, immediately east of Dar es Salaam and incorporates 8,492 square kilometres (2.10 million acres). Water depths in Block 7 range from less than 400m to more than 2,500m. [READ MORE]
Uganda
On 27th July 2007, Dominion Petroleum's subsidiary, Dominion Uganda Limited, signed a Production Sharing Agreement with the Government of the Republic of Uganda which grants it exclusive rights to explore for petroleum in Exploration Area 4B ("EA4B"). EA4B is located in the south-west of Uganda including most of the Ugandan part of Lake Edward. [READ MORE]
Democratic Republic of Congo
In December 2007, Dominion Petroleum’s subsidiary Dominion Congo Limited signed a Production Sharing Agreement with the Government of the Democratic Republic of Congo, which gives it and its partners exclusive rights to explore for petroleum in Block 5. Dominion (46.75%) partners with SOCO International plc (38.25%) and State Oil Company, Congolaise des Hydrocarbures (‘COHYDRO’) (15%). SOCO operates the PSA. The PSA was ratified by the President of the DRC in June 2010 and is effective. [READ MORE]
Management
Roger Cagle
Non-Executive Chairman
Roger Cagle is the executive vice president, deputy CEO and CFO of SOCO International plc, an international oil and gas exploration and production company traded on the London Stock Exchange, and a constituent of the FTSE 250 Index. He has been a member of the board of SOCO International since April 1997. He has over 30 years’ experience in the oil and gas industry, including senior positions with Exxon Corporation and Superior Oil Company. He was formerly chief financial officer of Snyder Oil Corporation’s international subsidiary, and of Conquest Exploration Company.
Andrew Cochran
Chief Executive Officer
Andrew Cochran was previously Business Development Director at Salamander Energy PLC, a FTSE‐250 oil and gas company, of which he was a founder. Prior to that, he was New Ventures Manager at Endeavour International Corporation and before that Exploration Advisor at Anadarko Petroleum.
Rob Shepherd
Finance Director
Rob Shepherd is a former executive director with ABN AMRO bank where he had nine years of experience in international financing, particularly in the oil and gas sector. Before this, he was a facilities engineer with Shell, working in field development projects for four years. Between June 2007 and December 2008, was a non-executive director with Imperial Energy Corporation, an oil and gas exploration and production company traded on the London Stock Exchange and a constituent of the FTSE 250 index.
Justin Burley
Non-Executive Director
Justin Burley is head of Corporate Development at Greenwood Holdings LLC, a company that creates fuel pellets paper companie's waste sludge. Previously, he was a vice president and senior analyst with Plainfield Asset Management LLC, a Greenwich, Connecticut based investment advisor with more than $1.2 billion of capital under management. He is a former director with ABN AMRO Bank in London where he was responsible for the European leveraged capital markets group. Prior to that he worked in a variety of roles with Barclays Capital in London and Bankers Trust in New York.
Dennis Crema
Non-Executive Director
Dennis Crema is currently Managing Partner and CEO of BlueGold Capital Management LLP (“BlueGold”). BlueGold is a London-based hedge fund manager investing in the global commodities markets with an emphasis on oil derivatives trading. Before joining Bluegold as Chief Executive Officer and Managing Partner in 2008, Dennis worked for 12 years at Vitol as Senior Partner, and Head of Products Trading (2007-1995). He relocated from the US to London in 1995 to focus on proprietary trading in the physical and derivative oil markets. He then went on to manage the one of the most successful Product trading teams in the business focusing on trading physical and paper markets.
Atul Gupta
Non-Executive Director
Atul Gupta has worked for 25 years in the international upstream oil and gas business successively with Charterhouse Petroleum, Petrofina, Monument and Burren Energy. Atul joined Burren in 1999 as Chief Operating Officer and served as its Chief Executive Officer from 2006 until the company was sold to ENI last year. He has a bachelors degree in chemical engineering from Cambridge University and a masters degree in petroleum engineering from Heriott Watt University.
Roland Wessel
Non-Executive Director
Roland Wessel is the chief executive of Star Energy plc, the gas storage company listed until recently on the London Stock Exchange that he co-founded in 1999. Roland is a geology graduate with over 30 years of experience in the oil and gas industry. The majority of his career has been spent in the drilling services sector and he has undertaken managerial assignments in most of the active oil and gas regions in the world including West and North Africa, the Middle East, the North Sea and the Americas. Roland is Chairman of Dominion’s Audit Committee.
Major Shareholders
Major shareholders
Dominion Petroleum has one class of (Ordinary) Shares of U.S. $ 0.00004.Significant shareholders (Those with more than 3% of the shares issued trading) in the company as of September 30th, 2011 Shown below are. The total number of Common Shares on issue is 1,589,781,145. A Common Shares 208,596,971 Further are the subject of outstanding warrants and options and 220,871,553 Common Shares are associated with 'certain secured convertible notes (Assuming an exchange rate of £ 1 = $ 1.5 and conversion at maturity).
Dominion Petroleum Limited is registered in Bermuda, the rights of shareholders May be different from Those in a United Kingdom incorporated company.
| Blue Gold Capital Management LLP | 179,037,358 | 11.28% |
|
Outrider Management Camulos Capital LP |
172,455,653 70,060,516 |
10.86% 4.41% |
| MFC Global Investment Management (U.S.), LLC | 68,642,459 | 3.57% |
| Carlo Seidel | 65,236,647 | 4.11% |
| Blackrock Inc. | 56,755,704 | 3.57 |
The percentage of common shares of the Company not in public hands is 33.55%.
Updated 17.10.11
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Contact Information
Group Head Office
Dominion Petroleum Limited
Clarendon House
2 Church Street
Hamilton
Bermuda
HM11
London service centre
Dominion Petroleum Administrative Services Limited
Alameda House
90/100 Sydney Street
London
SW3 6NJ
United Kingdom
Tel: +44 20 7349 5900
Uganda
Dominion Uganda Limited
15 Bandali Rise
P.O.Box 40311
Bugolobi
Kampala
Tel: +256 312 266 061
Fax: +256 414 220 898
Tanzania
Dominion Oil & Gas Limited
Plot 1676 Hamza Aziz Road,
Msasani Peninsula
P.O. Box 9302
Dar es Salaam
Tanzania
Tel: +255 22 2602 531
Fax: +255 22 2602 532
Corporate Information
Nominated Advisor
RBC Capital Markets
Thames Court
One Queenhithe
London, EC4V 4DE
Joint Brokers
RBC Capital Markets
Thames Court
One Queenhithe
London, EC4V 4DE
Canaccord Adams Limited
Cardinal Place
80 Victoria Street, 7th Floor
London, SW1E 5JL

















