HI/ All
Iam a newby to this bb, i wen't back about 4 pages looking to see if there was a Dragon Oil thread, didn't see it perhaps i didn't go back far eneough.Any one any views on how far the sp might go with this one, with the talk about China and Lukeoil looking to buy up all the oil shares they can, imho i think this one could do very well, have held 4 years now so i would get a good return , but i think if i hang on i will get an even better one, any views anyone?
cheers

oddie, I totally agree and have posted the same commend, obviouly I was wrong.

are there any of you out there who bought dgo WAY BACK - im talking between 5 - 10 years ago when the roumour mill was turning ?.There was a price split (i believe a third) and the penny shares then didnt look so rosy !!!! If so can anyone remember the date when the split took place (roughly)...If only the old certificate was still valid prior to the price change - there would be a few of us sitting on MILLIONS.

out today at 184.5 think the rally over might get back in when results date know
can see falling tommorrow imho could go back to 150p

out today at 184.5 think the raly over might get back in when results date know
can see falling tommorrow imho could go back to 150p

been in since 113p but must admit i pulled out as well at 177.25p on Wednesday, looked at the chart and it's seriously overbought, may need a rest/consolidation around this level before moving ahead again. i do believe this will be 250p+ by end October and i know i've taken a risk being out while Lukoil are circling.

if it drops anywhere near 160p i'll have another pop...

meanwhile i've piled into COP...

Buys just ahead of sells today, no reason for a 7+p drop , should be blue again tomorrow

just bought 13728 @ 1.5498. I think its a bargain at this rate.

bounced strongly off the 25ma, hammer on the candlesticks, i'm in again at 157.75p, read the recent ATON report last night and just couldn't be out ;-)

After reading the latest news bellow bought some more.

CNOOC Chief Economist Predicts $90 Oil by March

RI article on the views of Xia Yishan, Senior Research Fellow at the China Institute of International Studies.

SHANGHAI (Interfax-China) -- Oil will peak at $90 per barrel by March of next year, CNOOC Dep. Chief Economist Zhang Weiping said at conference discussing China's energy needs in Beijing on Monday. Zhang also expected global oil production to peak at 94-100 mb/day during the next five years.

"High oil prices will have adverse affects on China's economy," said Zhang.

Their imports could reach or even exceed $60 billion this year, up from $40 billion in 2004. Interestingly his views do not reflect much of a cutback in Chinese oil imprts.

China's annual crude demand is expected to rise by 9.7% this year, suggesting that the country will need to import 135 million tonnes this year, accounting for 42.45% of total demand and exceeding last year's figure of 40.5%, said a recent report by the Development Research Center under the State Council.

The country's net oil imports stood at 120 million tonnes in 2004.

LONDON (AFX) - Dana Petroleum PLC said it was offered 4 new licences, awarding interests in a total of 20 offshore blocks, as part of the UK Government's 23rd offshore licensing round.

'These significant awards will position Dana to build upon its successful track-record of UK exploration activity which has already delivered further oil and gas discoveries this year in the Melville and Barbara areas,' said chief executive Tom Cross.

Dana has a 30 pct stake in two of these licences, comprising 17 blocks, while DONG (UK) Ltd has 40 pct and GDF Britain a 30 pct interest. The third West of Shetland licence, in which Dana has a 30 pct stake and OMV (U.K.) Ltd 70 pct, comprises the majority of Block 204/14. The fourth new licence covers two Southern North Sea Blocks 42/28d and 42/29b.

Dana was one of 99 companies offered a record 152 oil and gas production licences under the 23rd licensing round.

Granby Oil and Gas PLC said it was offered 12 additional blocks and part blocks under six licences in the North Sea, taking its total to 22 blocks and part blocks.

'The new plays and prospects in this acreage have increased the value and diversity of our portfolio significantly,' said Granby managing director David Grassick.

Granby will be partnered by geophysical company TGS-NOPEC in a number of the licences in the Southern Gas Basin, while Faroe Petroleum PLC will be operator and 50 pct partner in one of the awards in the Central North Sea.

Elixir Petroleum Ltd has the option to be assigned one half of Granby's interest in four of the blocks awarded. In a separate statement, Elixir said it was offered interests in six licences, covering seven blocks. In additional to its alliance with Granby, Elixir has been offered 100 pct in one block and an 80 pct stake in a second that it will work with Sosina Exploration.

Faroe Petroleum, in which Dana is the largest shareholder with a 17.2 pct stake, said it was awarded three licences, including four blocks and part-blocks covering about 640 sq km. The award raises the number of licences held by the company to 14, of which it operates seven.

It said the new licence work programmes will be fully financed from its existing capital.

Oil Quest Resources PLC said it was given a 30 pct interest in Block 43/6 in the Southern Gas Basin of the North Sea. Operator Virgo Energy Ltd will have a 60 pct stake and Vectis Petroleum Ltd 10 pct.

Black Rock Oil & Gas PLC said it has been offered the award of the eastern part of Central North Sea exploration block 22/8a with its partner Houston-based Carrizo Oil & Gas Inc. Black Rock has a 15 pct interest in the block, while Carrizo is the operator.

The award 'represents a significant addition' to Black Rock's portfolio of UK offshore exploration prospects,' said Black Rock's managing director Ivan Burgess.

Grove Energy Ltd, with assets in Europe and the Mediterranean, said it has been offered two blocks in the Central North Sea -- 21/28b and 21/22 -- and four in the Southern North Sea -- 42/8, 42/9, 42/12 and 42/14. Grove has a 30 pct interest in the Central North Sea blocks, and Sterling Resources UK Ltd is the operator with 50 pct. It also has a 25 pct interest in the Southern North Sea blocks, with operator Sterling holding the balance.

sorry folks got carried away ! the above information relates to Dana Petroleum and others, what I realy wanted to know didnt DGO apply for any of the licence.

tempted to get back in again as looks as though rally about to begin again see plenty of support at 150p and resistance around 180p with minimal spread can make some money

any news on when results are out ??>?

Bought some more again today. Agree with you GG it should move up to the next resistance around 180p

anyone got a view of the widening spread of DGO ?

imho mm playing games as short of stock again

Ticking up nicely today, interims out sometime this month ( i think) lets hope its good, can't see any reason why it shouldn't be.
Auto

interims due before end of month, bit of re-shuffling at the top could be to make way for a full takeover bid by Lukoil. also loads of news due..

DGO has had a much needed rest from a TA perspective and i can see this wearing down 180-185p resistance in the next 2 weeks before bursting through into new territory...

rang the london office yesterday they say results 'immenient'

lets hope the results are all honky dorey, if so then we should see 2+ very soon

''hOnky dorey''??

honky dorey= all is going as planned,even better