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.

Can anyone give me some education here? On financial websites, what does '1 year target estimate' mean? I ask because I read somewhere that the 1 yr target estimate for DGO on Yahoo finance is 7.2p. When I checked, it had dropped further to 6.65p. The 1 yr est for TLW is 1058p(Current 738p) and for Cairn Energy it's 3,875p (current 2,250p). For Heritage Oil it's 382.33 (current 210p). Does this mean that in the next 52 weeks, the share price of DGO will be 6.65p from it's current price of 217p?

somewhere!!! Where is it?

http://finance.yahoo.com/q?s=DGO.L
Where? On the DGO thread at www.iii.com. Check this link anyway. The value in question has now become N/A (not applicable???), after the turmoil in todays markets. More cause for concern? NB I am not trying to be a prophet of doom- just asking for some education from hopefully the more knowledgeable!

If they could predict the price by year end, they would be billioners.

time to add.

why?

350M in bank, printing money as long as oil is above 44p.

sp and direction say otherwise, whether fair or not

this is going to gasprom,last year a deal was made to shaft shareholders,and give it to the russians,last week the sheik walked [with a huge backhander no doubt]what next,33p.,

this is going to gasprom,last year a deal was made to shaft shareholders,and give it to the russians,last week the sheik walked [with a huge backhander no doubt]what next,33p.,

fido is a joker.

mbugger,
Are you short on this?

Of course ... this is a good short...been shorting DGO from 270p.

hlyeo98,
I didn't know you are mbugger!!!

Well, DGO is crumbling again, ahoj...I'm not sure DGO is printing money as you think it is. You are over-optimistic imho.

49K bpd production with little cost. They are selling comfortably through Iran and other routes. About $600M in bank. etc
Aren't they making high double digit profit as long as oil is between $44 and $108? I know outside the range, the profit will reduce dramaticaly and they may even lose money as they did (DGO lost $91M) during summer when oil was above $108, up to $147.

Let me know why not?

DGO is on a slippery slope now.

looks to be decent support around 150

http://www.moneyam.com/action/news/showArticle?id=3271161

Still crashing...153p now.