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.

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

New web site for dragon.
http://www.dragon.com
Tomorrow we have the AGM.
cyril

New web site for dragon.
http://www.dragon
oil.com
Tomorrow we have the AGM.
cyril

I like this,Merrill Lynch on board.
http://www.investegate.co.uk/Article.aspx?id=200805200700018006U
cyril

I might be wrong but I think that Dragon Oil is going to fly past the 6 mark very soon,...can feel momentum growing !.

Testing 570p at the minute, some points of interest meeting between a turkish
delegation and turkmenistan, also
http://www.advfn.com/p.php?pid=nmona&cb=1211228610&article=26411554
cyril

Other oil compaies moved so fast recently apart from DGO.
See TLW
DGO should be twice the current price. Oil is $129...