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'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.

as automatic says, if iran, israel, usa get involved then russia will too.....gazoprom today has just tried to get some oil deals and gazprom are biggest company in world......and r run by kremlin.

anyway dgo fundamentals r great.

ps@ only obama might not bother with iran......bush, mccain....and even hilary clinton will deal with them.
in may, hilary clinton said she would "obliterate" iran.....hmmmm

also tension has been in middle east since terrorists called blair and bush invaded iraq....which afected pakistan, syria etc

the world is a mess.....and western world is in real danger of being taken over by russia, china etc........communist brutality here we come.

Probably the world will be fairer with the Communist in power

russia and china have shown dreadful human right abuses in last century. in fact china has shown terrible animal right abuses too.

i said about 5 years ago that i didnt think the world would last about another 50 years.....its not like old days where guns, bayonets were used....next major war is the end. so who cares about shares or anything when we get to that

How far can Forward PE go down. It's just above 4 now.

Someone recognized the value of IEC yesterday.

Yes ahoj....I always thought that DGO might be taken out...!.

no, no-one is getting my shares hyleo.......this is at least a 2 year hold

even stupid stock market will have to realise fundamentals in the end

US is going to meet Iranians this week to ... hopefully resolve the issues.
http://www.moneyam.com/action/news/showArticle?id=3102514

http://moneyam.uk-wire.com/cgi-bin/articles/200807160700041350Z.html

Increased production with the RNS today; but still not the flavour of the month this stock...!.

obviously the driilling results were considered pretty poor

Their record has been great. They have always improved production rate.
Watch this section: http://biz.yahoo.com/ap/080716/cleveland_cliffs_alpha_natural.html
bids coming at over 50% higher than the current prices...

http://uk.biz.yahoo.com/080716/214/i3a0z.html
That's about 100,000 more profit a day.

Well that solves the Iran problem....soon oil will only go through Turkmenistan !.