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.

hi dai oldenrich i have just put a post do u think dragon oil shares will rise as today they have said another rig will be working earlt 2007

Does anyone know the reason behind the 11% rise yesterday?.
The charts is very bullish and looks if its on road of recovery

Does anyone own these shares? The charts looks very bullish and looks if its on the way to 200p + mark. Sorry I dont how to insert the current chart on the thread. My rule of thumb using basic charts custom version (not the one on this tread!) on this website is whenever the red line rises and crosses above the green line I see that the sp is heading for steady rise for while provided there is no bad rns etc.
DYOR.

Dragon Oil peak production tops 28,000 bopd
http://uk.biz.yahoo.com/03012007/214/dragon-oil-peak-production-tops-28-000-bopd.html

Maximum lifetime volume was less than 10M. And the highest volume during last year was 6M. 2.5 M in midday is not bad though.
What will happen if we pass the 6M.
DGO was about 25% higher this time last year.

Results to be published at 7am rather than at lunchtime as usual. Differen!!!
http://moneyam.uk-wire.com/cgi-bin/articles/200702151014143111R.html

This s.p. moved nowhere in the last year or so-only sideways,yet pumping over 30,000 barrels of oil a day,what is going on,and oil over 70 dollars a barrel,any views.

I can't believe it is fallen so much. I was expecting 4 by now!

I can't believe it is fallen so much. I was expecting 4 by now!
SO WAS EVERYONE EALSE who holds DGO??
just shows what a corrupt market we have

Can investors eventually expect a dividend from DGO?

So if no dividend in prospect shareholders can only hold on for a possible takeover bid as DGO is using profits on capital expenditure ostensibly to maintain and boost production. However we must not lose sight of the political risk.

DGO now producing 40,000bopd,s.p. on the move ,some great moves by the sheikh.

Just a thought but would the payment of a dividend contravene the sheikh's religious beliefs?

As long as the Sheikh keeps prodn. moving up-with s.p. moving up,then Sheikh can keep any dividend.

Today's RNS stating production has reached almost 40000 boepd makes Dragon cheap compared to the likes of Tullow AND Cairn.DYOR.

Sudden spike maybe RNS coming?

It worth much higher. No need for RNS and that's the beauty.

think imo there gas reserves are being incorporated in the sp know the turkmenistan government are going to build a pipeline to china

With Gas reserve it can easily move to four digit, IMO
I suggested this when it was falling to 180ish two month ago.