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.

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...

I'm overweight on this one : hope it carries on rising !

There is a simple equation to solve.

oil supply increase 1% a year, world growth in many countries is 7-12% a year...
Demand is rising faster than supply.

Supply will start to decrease if Saudi's oil reserve diminishes further!!

Dont forget the possibility of an eventual increase in production from Iraq.

Iraq's production increase is years away.... There is no infrastructure left.

why has this gone down so much? oil up again today

norm for DGO, oil up DGO down

US has no choice but to buy foreign oil companies.

See http://finance.yahoo.com/tech-ticker/article/24052/Paulson-Goes-Begging-as-Bernanke's-Dollar-Defense-Comes-Too-Late?tickers=LEH,MER,C,OIL,USO

Hank Paulson's tour of the Middle East has taken on an unseemly quality as the Treasury Secretary has been effectively reduced to begging for both cash and relief from high oil prices.

"We are urging all oil-producing countries to open oil markets to foreign investment, which would support faster and more efficient growth," Paulson said, the WSJ reports.

............

good news on drilling update

SP heading south?

What's happening to Dragon Oil...?, it's fallen back more than the other oil stocks on good news !.