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 aint bothered about iran issue with dgo.........as for any planned attack on it, well i dont think we will be worrying about shares somehow.......i imagine end of world looming

it aint an uneasy compromise.....do u know anything about dgo? i seriously doubt it

not really other that it seems quite a promising little oily .... however, if i have understood correctly, much of its potential has close connections to iran

no cynic

one of its routes could be through iran......but they have russia and caspia as alternatives

and they will be producing more in future.....and oil price aint been factored in at all

next 2 years of holding and these prices will be laughed at

in that case, perhaps the plunge is quite strange and/or overdone.
however, if DGO not actually producing, then today's oil price is not strictly relevant.
and no, assuming all calms down etc, then would not disagree that DGO may well prove to be one of the better minnows in the next couple of years

Many Russian and Chinees companies like the sanction to go on as long as possible so that they can continue to dominate Iran's market and gain out of this conflict. Iran is a big country and a good market for Americans. They will get it eventually, but with peace.
DGO will continue to gain out of this though.

cynic I agree the sp drop seems odd you don't think it might be jewish investors selling because of the Iranian connection?

not at a loss for sure - lol!

Excuse me butting in on this thread, but a couple of points/questions.
Turkmenistan borders Iran? Surely it stands to reason that neighbouring countries to a potential aggressor are going to see their trade suffer?
The rig currently working the Dzheitune (LAM) field is described as ''The Iran Khazar rig is currently drilling the 8 " hole section of the Dzheitune (Lam) A/129 well with completion expected in August 2008". Does this mean it is leased from them? If so, I can see problems. DGO are currently servicing their own platform, but won't be ready 'til late 2008, plus tendering for 4 others. Therefore, availability of rigs may also be a problem.

Just to add to the above, from the Energy Admin Org U.S.A.,
"Many of the prime deposits are located in disputed areas of the Caspian Sea, and without an agreement between Iran, Azerbaijan, and Turkmenistan on maritime borders, these fields will likely remain undeveloped."
Another company which was exploring in the same area was Burren Energy, which was taken over (by ENI or another Co). Might be interesting to see if their sp has suffered, but can't remember which Co it was.

BUR was a much larger enterprise with exploration rights etc all over the place, so not comparing like with like

Your ignorance is appalling cynic, DGO is not a minnow, when the share price was at circa 5.60 this would have very nearly got DGO into the FTSE 100. If it was not that its primary listing is in Dublin it would comfortably be in the FTSE 250. I suggest a small bit of research might be appropriate before you twitter nonsense.

erm hushpuppy, cynic doesnt do research......he makes so called wisecracks and silly comments as well as his sexual perversions.
Also, cynic is an immigrant so maybe thats why he is ignorant and twitters nonsense. he has opinions on everything and on every thread almost every day.....apparently he has a job.....if i was his manager, i'd be checking amount of time he spends on internet cos if i spent as long as that on internet in my job, i'm sure disciplinary action would be taken against me.
thankfully i dont need to work these days.

Scot mate, this is a discussion board, not a place to air your prejudices. I am sure Cynic can defend himself, but you are becoming offensive. If you don't like the investment comments on these boards, go elsewhere.

don't worry Harry ..... the woaded-one is, i suspect, rather too fond of the bottle for he is at his most offensive in the evening ..... nevertheless, i dare say it shows his true colours.

anyway, back to DGO ..... i have just had a look at the chart, and am amazed that the bears have had such a ripping time here over the last few days ...... whether the minor recovery on the back of their 37% increase in production over the last year can be maintained is worth watching, but i suspect not, at least not immediately - the markets may have recovered somewhat, but a reversal or consolidation must be imminent

Excellent update though and the most important thing are the 2 lines that says : all production can be routed through Baku in Azerbaijan if necessary, well that does remove a big headache if there is trouble with Iran further down the line !, so why the ridiculous drop ?.

289p to buy but still dropping slightly. Buys outweigh sells by 2-1, so maybe a bounce imminent?

No bounce evident as graph still shows no support and Iran showing more problems.

Perhaps shareholders are wondering when they might see some dividends.

Sp sailed past the 200 DMA at just over 400p.
Next good support on the chart is anywhere between 150-170p. Below that then........