Dragon Oil output on low end

FTSE oil and gas company Dragon Oil yesterday announced it expects to grow production at the lower end of targets in 2013. The fuel producer and explorer forecast growth of 10-15 per cent for the 2013-15 period, taking its total production to 100,000 barrels of oil per day in 2015. Dragon Oil expects to spend approximately $200m (£131m) on infrastructure this year and around $300m on drilling. The company completed two new development wells in the first quarter.