Dragon Oil (LSE:DGO) Accounts Payable & Accrued Expense : £149.0 Mil (As of Jun. 2015)

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What is Dragon Oil Accounts Payable & Accrued Expense?

Dragon Oil's quarterly accounts payable & accrued expense declined from Jun. 2014 (£612.1 Mil) to Dec. 2014 (£229.1 Mil) and declined from Dec. 2014 (£229.1 Mil) to Jun. 2015 (£149.0 Mil).

Dragon Oil's annual accounts payable & accrued expense declined from Dec. 2012 (£520.4 Mil) to Dec. 2013 (£248.1 Mil) and declined from Dec. 2013 (£248.1 Mil) to Dec. 2014 (£229.1 Mil).

Dragon Oil Accounts Payable & Accrued Expense Historical Data

The historical data trend for Dragon Oil's Accounts Payable & Accrued Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Dragon Oil Accounts Payable & Accrued Expense Chart

Dragon Oil Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Accounts Payable & Accrued Expense

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309.02

414.95

520.39

248.06

229.09

Dragon Oil Semi-Annual Data
	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial								509.58	248.06	612.14	229.09	148.97

Dragon Oil Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

Dragon Oil (LSE:DGO) Business Description

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Address

Website

http://www.dragonoil.com

Dragon Oil PLC is an independent oil and gas exploration, development and production company. The Company's producing asset is the Cheleken Contract Area, in the eastern section of the Caspian Sea, offshore Turkmenistan. It has exploration blocks offshore Tunisia (the Bargou Exploration Permit), in Iraq (Block 9), Afghanistan (Sanduqli and Mazar-i-Sharif blocks), offshore the Philippines (Service Contract 63) in partnership with other companies and Block 19 in Egypt. The Company develops the hydrocarbon reserves in the Cheleken Contract Area in accordance with the terms of the Production Sharing Agreement (PSA). As at 31 December 2014 the Company had probably oil reserves of 663 million barrels of oil and condensate, gas 2P reserves and contingent gas resources of c. 2.7 TCF. The Bargou Exploration Permit contains prospective resources, while Block 9, Sanduqli and Mazar-i-Sharif blocks and Block 19 are at an early stage of exploration. The Company is subject to the international laws and regulations that it operates in.

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