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.

at least this is rising again....a bit of sanity restored given the huge oil price

i thought oil was at highest price so why is this going down

Because of its location in Iran...Iran is threatening to attack Israel.

ANd at the same time Israel doesn't like Iran so much. I think there will be just a show of power than a real fight.

Anyway, you never know!! No one was expecting a real fight in Iraq.

iraq has shown reasons for not having attacks in future.

anyway dragon are in turkmenistan....and are having talks with russia...and bp....about other routes

Routes do not appear overnight...and the Iranians are shooting missiles into the sky...these spell danger for DGO.

There would have to be a full scale war for the Iranians to pull the plug on DGO supplies.....I don't think we are there yet !.....in the meantime the stupid sabre rattling is keeping oil prices up.....the Iranians would gain more by making friends with the West, not antagonising everybody !, with checks from the nuclear international community they can have nuclear power and help. If war was declared : all oil companies including BP, BG, Total.....etc...would be affected not just DGO......could the major oilies that operate in the vicinity just carry on without being disturbed in a fullscale confrontation....of course not...!.

Perhaps this is the plan by the Arab world ; "to always have a rogue state that's going to irritate the West....sometimes the Iranians......a few years later it's Libya again, then Syria and so forth.....always an irritant state available.....", therefore keeping Oil prices high.....with the supposed condemnation by the rest of the Arab world, but behind the scenes, ...some satisfaction !.

As long as US and Russia are not in the boat, Iran will stay a safe place to trade, and oil price will continue to hold at highest levels possible.

Arabs and Russia can solve the problem, but they like the dispute to go on. Iran is gaining too. ALL IMO

Very much in this one....hoping for a rebound back to some decent levels.

dont worry, fundamentals will eventually drive this to 7 quid plus.....even stupid market boys will eventually have to put up on increased production and big increase in revenue....oil rising too.....in 2 or 3 years time this could be 10 quid plus

I got worse than a squeeky bum on this one, folk. Just don't know what's happening.

any stock with iranian links is currently even more dangerous than most other stocks ..... neverthless, if i were a holder in DGO, i would hope to hang on and see out this (protracted) bloodbath for it ought to come good in the fullness of time

yes, fundamentals will see this through........increased production plus high oil revenues / profit coming up.......next 2 years and sp will be much much higher.

if this was in so called western society i'm sure sp would be double the price at least

I've had so much confidence in the growth in share price of DGO, I didn't even notice till now that the CEO sold 894,489 shares at 560p (how long ago that seems?). I notice 2 directors at Tullow have also sold shares as well-Patrick Plunkett 218,000 and Paul McDade 310,549 at 930p a long time ago on June 30. Does that mean 2 weeks hence TLW will be wallowing at 650p? They say when you see your friends' beard on fire, please, promptly start watering yours...

CEO could see what was coming with all this rubbish talk of a war, and i would imagine when all this talk of war blows over and all have kissed and made up, he will buy his shares back at a lot lower SP

it may well be that israel, with usa connivance, does not start bombing iran, but it is most certainly NOT "rubbish talk of war" ...... i am afraid it is all too possible, and many certainly believe it, and i don't mean just the Great Unwashed

If (and that is a big if) Israel is planning to strike Iran's nuclear plants then it is most likely to happen before George Bush leaves office as a new incoming president will not wish to be confronted by a massive middle east crisis. So by say latest november all the sabre rattling will have blown over, unless Iran does something particularly stupid in the Gulf of Hormuz.

cynic, if there is a war no way will it be confined to Israel, USA, and Iran, Russia and China will not stay out of it, so you may as well have an SP of 1p or 10,000p it won't make any difference as we won't be around

DGO is very risky...if I were a shareholder, I would bail out as Middle East tension is increasing...370p now.