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.

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 !.

Some buggers shorting,isuspect.

I'm flabber*&%$?d!! What's happening here? Why are DGO and TLW falling when oil prices keep rising? I thought it would be a temporary pullback, and I cannot find any bad news, so why?

ASK fIDO,RESIDENT EXPERT.

Well...with oil going ballistic ..you would expect on monday an increase, but things never go as planned, Iran and Israel at logger heads (as so to speak), and if I'm not mistaken DGO's oil is routed through Iran.....so, even though I don't think Israel are going to bomb Iran's nuclear installations in the short term...the Iranians are really looking for trouble !, why the hell don't they just say to the Americans : come and have a look at our nuclear installations, they would even get help and advice from them and a promise from the USA about Iran's safety and position in the world.

I think the Iranians have something to hide, otherwise why are they so defensive.