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.

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

Sharp rebound (thank god for that !).

Be patient for 12

This stock is spooked....sold some a week ago but still in with a lot....worst one of the producing oilies....ridiculous drop now with nothing but good news coming from this company..............:-( .

if their potential is (primarily) based in or has to be piped through Iran, then there is a hell of a lot for the investor to worry about!

neverthelees, it's certainly one to keep ones eye on as it will no doubt turn around in due course.
perhaps target +/-395 as re-entry point where 200 dma is hit

iran is an option but they r dealing with bp right now with regard azeris and then route through europe via turkey

maybe its just the summer blues.....although every day is a battle in uk these days whether its winter or summer

now 458p as i type.

i reckon mm's read what i typed as i'm sure they reckon middle east is nottinghamshire, lol

this was 413p in morning, it has went up more than 40p!
oh, and oil still up and will continue to 2009 and beyond.....it might go down on dips but oil is going up as everyone uses it now

Forward PE is less than 4 and improving given oil above $100 IMO.
Dividend can be around 50p

No dividend but big potential with Gas !

not a stock i really follow, but what is the (alleged) reason for DGO's plummet from grace?
looks like 395/400 will be hit some time soon, and if there is no real news to explain, that could be a good time to dabble