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.

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

Scot i had a similar experiance with BRR, bought a day to early, but the bigger picture is what matters and 5+ will imo seem cheap in the not to distant future?

cyril

ticking up nicely

http://www.investegate.co.uk/Article.aspx?id=200804290700332582T
cyril

what the hell is going on.

was up to 536p..now its 503p

crude price softened ..... both PMO and TLW were down too, so across the board

softened yes cynic.....but not down 10% or something nearer

nor did DGO really ..... fyi, high/finish TLW 775/748, PMO 1565/1526, but they are much larger cap companies

Read this am that shorters were in action, looking at the number of 1000 trades
could very well be, so a possible 480p, which will allow a reasonable top up point?
Broker commenting on todays RNS believed they would achieve an average of 44,000bopd for 2008, up from 37,000 a 20% increase add to this a reserve update
and perhaps somewhere between 6/8 is a likely?
cyril

http://www.dragonoil.com/
Annual report now on their web site.
cyril

A new CEO.
http://www.investegate.co.uk/Article.aspx?id=200805010700424515T
cyril

Doing very nicely this am, up 14p to 542p,and i believe theirs a whole lot more to come?
cyril

http://quote.barchart.com/texpert.asp?sym=DGO.LS&code=BEQM
cyril

920,000 shares at 5.6 is over 5,000,000. That's a lot for a single trade in such small company.
The buyer cannot sell it with a profit if the share price stays below 6, IMO.

SP hitting new highs,prior to the AGM on Monday, i would expect an RNS before it?
cyril

Not the type of RNS i was hoping for?
http://www.investegate.co.uk/Article.aspx?id=200805151437255650U
cyril

that's interesting though.
He sold at 560 while the share price was below 560 for a couple of days.
He is trying to hwlp the mms by improving liquidity.

I think that's not enough as 920k share was baught at 560 today. I think Soltan will keep his 5M shares.
Price should jump soon imo.

Don't forget folks, "AGM on Wednesday". Interesting to see how the SP works out,
on the up at this minute?
cyril

Ouch a 2nd (ned) reducing in such a short time scale?
http://www.investegate.co.uk/Article.aspx?id=200805191006337467U
cyril