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.

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.

iran will be bombed eventually......whether by israel or usa it doesnt matter but it will happen

If Iran get bombed, DGO is a strong SELL.

iran has been asking for it for a long time anyway......their leader said he wants israel wiped off the map.....mabe iran will be wiped of the map?

hlyeo

i think u might need to worry more than just 1 company if this kicks off......could end up as WW3 and ultimately end of the world.......at least it will end our economy problems

http://www.guardian.co.uk/world/2008/jun/06/israel.iran

oh dear....in article, it says iran will retaliate on usa targets......hmmm, even hilary clinton a few weeks ago when asked about iran, she said she would "obliterate iran".......either way, it doesnt look good for iran

The world cannot accept any attack on Iran,.
Iran has changed in the last ten years and is being deliberated by its people IMO.The fourth non-english language used in internet is Persian (Farsi)... You need to think about it....

the world cannot accept! lol.....are you speaking for everyone

you only need to look at dreadful way that captured british forces were treated a year or so ago by iranians to know this is a disturbing country....its also one of most repressed nations in world...and dont tell me what i need to do!

I wish the sp would turn around...other oil stocks doing not too badly but not this one...yet.., it is producing quite a bit and good prospects all in all !.