Dragon Oil plcs principal production and exploration interests are located in the Cheleken Contract Area in the Caspian Sea, offshore Turkmenistan. The Cheleken Contract Area covers approximately 950 sq.kms and comprises two offshore oil and gas fields, Dzheitun (LAM) & Dzhygalybeg (Zhdanov), in water depths of 10 to 37 metres.

            Red = 25 day moving average.           Green = 200 day moving average.

RF
If Bush came up with that idea he would be terminated very quickly

RF
If Bush came up with that idea he would be terminated very quickly, not by the Iran's i might add but much nearer home

Well I hope it doesn't come to a strike but in this world don't rule anything out !

Bush prefers to gain access to Iran's market. Anyway, Iran's oil consumption is ncreasing so fast that they may need to import oil in a couple of years.

http://www.upi.com/International_Security/Energy/Analysis/2008/03/28/analysis_uk_firm_to_audit_turkman_gas/2382/
Its the article on the left hand side headline uk firm to audit gas.
cyril

naket trader has good interest in this baby.. Should see 12 this year IMO

Oil is moving up again. Every $ change represent $30,000 a day for DGO.
http://biz.yahoo.com/ap/080407/oil_prices.html

No wonder some buys are at substantialy higher prices.. 39K at 451 while the price is 447

oil is above $105

ENRC CEO on Bloomberg now. Quite positive about oil and gas companies in the region...

From their web site, Interims out next Wednesday.
cyril

Back above 5,with DGO's represenative giving a presentation at the London forum
and the interims due on Wednesday, the market must be impressed?
cyril

Now, can it pull away from 500p ?

Ouch ! that will have caused some trouble amongst cfd's and bet spreaders !

The reason for the sudden drop?
http://www.investegate.co.uk/Article.aspx?id=200804221427238721S
Out this pm so a great top up opportunity missed, see things are almost back to normal.
cyril

Stop losses will have been triggered this afternoon....!

Yes i heard of some investors who have thiers triggered,bad news out of the way before tomorrows interims. Wonder what they have in store for us?
cyril

http://www.investegate.co.uk/Article.aspx?id=200804230700318874S
Excellent.
cyril

I like his part:
Development wells Dzheitune (Lam) A22/124 and A/125B were completed
producing at combined flow rates of 2,414 bopd and 4,082 bopd
respectively

100% success in he last few years. Oil in Persian gulf area is disappearing fast. Russia to join them soon... DGO is well places though

With hints of possible new licenses and the tenders for up to 4 jack up rigs(in addition to what we already have)being read as positive, the SP is testing new highs. Those whose stops were tripped out the other day must be sick and on news which was already in the public domain,so a bit naughty imo, for my part i have mine tuck safely away in my ISA.
cyril

cyril

i stupidly bought on tuesday morning before the mini crash....as usual i bought at the high where it is right now as i type this.....i bought on simple fact that oil is going to go even higher....and its a producer with increasing productions