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.

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 !.

Is it true most of their oil is shipped through Iran?

I'm not at all sure....but I think I can remember reading something in a RNS some time ago about oil going through Iran...would need to check this, at the moment this company must be making a fortune because they do not have any debt and production is steadily increasing month by month, but the sp is dropping which is a shame...hoping for a rise soon, and there does not seem to be too many sellers so at a guess there has to be a turnaround sooner or later.

If all their oil production is routed through Iran then they may be vulnerable if political tensions accelerate into confrontation.

Well yes, but are we there ?, not yet.....and Israel would really have to be pushed into a corner, for them to launch an air strike with the Iranians retaliating....crazy situation !: in the meantime this should keep the price of oil very high with DGO pumping it out, sanctions towards Iran will come first, and people hope that Iran will see sense in the end. The opec nations probably like the idea of a bit of tension no matter what they say...keeps the oil price above $120 per barrel.

i read somewhere that every $ increase means extra 15k every day for dgo.

gazprom today has said oil will be $240 i think in 2009.....in any event, medium and liong term, oil sp is going to be higher than even todays price......so all these people bleating and going on strike are wasting their time.....they need to get over it and get on with life

Does DGO have an alternativve route through Iran for getting its oil to the market is what I am trying to find out? In the event of a conflict no doubt oil shipments through Iran would be curtailed.

This presentation gives a good outline. Looks like 80% to Iran with contingency plans for alternative transport.
http://www.dragonoil.com/Corporate_Home/Media/Presentation/IBC_Oil_~_Gas_Conference_Presentation/File.aspx?id=139

Link to broker update can be found on EEN's thread.
cyril