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 management is great.. That's combined with luck... If I am not mistaken, a $1 oil price rise mean $40000 more revenue and about $25000 more profit a day.

Chairman Hussain M. Sultan said the board looks forward to 2008 with continued optimism. He added that the company recently concluded 'a very positive meeting' with the president of Turkmenistan which bodes well for the company's plans to utilise the considerable gas resources contained in the Cheleken contract area.

We have 4.
cyril

According to the Interim Report to 30/6/07 there are price hedges in place for part of the production for 2007 and 2008 despite the company having cash and no debt so a higher oil price wont translate wholly into an equivalent profit increase, or am I missing something? The company is certainly doing very well.

All you can say is WOW!

Real wonder stock this, Robbie Burns also in this.

brilliant performance on a real lacklustre day, and not a stupid spread either

We are looking at 1000p a share sometime in the future.

based on what and before i die or before you die?

Good question I was tipped this by my broker in 1999 or 2000 when it was a penny share and what did I do..?

and what other shares did he then tip and how many of them are still going strong today? ..... we all have selective memories!

There was once a little company called Microsoft in 1978..........!

I'll never live this down..!

serves you right - lol!

lol...

at least he (and you!) did not recommend SEO or EXP or EEL or a few such similar!

Coming back to the real issue, oil, all you need to get the price of to go through the roof $120 + is : a couple of nutcases in speed boats with explosives, one slams into Iranian ships, the other one slams into Allied (GB and USA) ships and there you have it : (the script for the next James Bond movie), which means it only takes a little something for oil and energy prices to fluctuate violently.

Or a major oil refinery fire......or a giant oil spillage in Alaska......or a civil war in Nigeria...............?

Well yes, there's more of a risk of oil going up than down, there's a shortage and that's that.

Not according to city dealers expect to see oil prices fall to $60-70 as speculators feel the world economies slowing down............unless say the Straights of Hormuz become a war zone. Now who would want to do that?!!