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.

Well check out CHL,independent reserve update this week, promised?
You need to be quick,expecting 10%+?
aimho
cyril

Surprised this was missed,another well to tested shortly too.

Drilling Update


Dzheitune (Lam) 28/136 well on production with an initial combined tested rate
of 3,291 barrels of oil per day ("bopd")


Dragon Oil plc (Ticker: DGO), an international oil and gas exploration and
production company, today announces the successful completion and initial
testing of the Dzheitune (Lam) 28/136 development well that was drilled to a
depth of 3,075 metres. Initial testing of the long and short strings resulted in
production rates of 1,841 bopd and 1,450 bopd, respectively, with further
testing and optimisation scheduled to take place over the coming weeks. The
Dzheitune (Lam) 28/136 development well is the third well to be completed from
the refurbished Dzheitune (Lam) 28 platform.


The Iran Khazar jack-up rig has now skidded to slot 1 on Platform 28 where it
has spudded the Dzheitune (Lam) 28/137 development well.


The platform-based Rig 40 is completing the Dzheitune (Lam) 13/135 development
well with testing expected to be finalized within the next few days.


Dr Abdul Jaleel Al Khalifa, Chief Executive Officer, commented:


"I am pleased to report that the Dzheitune (Lam) 28/136 development well was
completed successfully and on schedule. We are due to announce the test results
of the development well Dzheitune (Lam) 13/135 shortly. We remain committed to
ensuring good progress of the drilling programme to meet our annual production
growth targets for 2009-2011."


- end -
cyril

The dragon izzz creeping upp !.

not in last 3 months it aint......in fact its fallen from 4 quid

It's starting to climb again.

microscopically! ..... it's big target is to break 400, being the all time high ...... It may not get there for a very long time, as the support is primarily coming from the mooted bid from ENOC as money and table are currently dysfunctional

all time high just north of 550p in mid 2008.

thanks halifax ..... i missed that and i can't see any bid being put on the table at anything more than say 425 (no logic; just gut feel)

it was 570p high

pernickety!

oil heading up to mid 70s.........but dgo up about 3 or 4p since corrupt enoc came up with proposed approach.....or is that offer.
this company stinks but what else do u expect.......hey the takeover panel is from ireland just to make things worse

oh for goodness sake, what is it with you guys????
"corrupt ENOC" ...... marni - you talk such a load of utter shit!
ENOC =dubai gov't and they choose to own 52% of DGO.
there is nothing remotely untoward in offering what they see fit for the balance.

nothing to stop you selling out and perhaps buying into a class act like RPT!

This, to me is a great producer.....and the sp in time will just climb bit by bit...

20 years to reach 3.50 perhaps

marni - fuck off and buy some shares for a change ...... i shall be more than happy if ENOC eventually offer +/-4.00

i wont be happy.....actually furious......shares are worth about 8 quid in my view.....have seen others suggest 12.50 as its the future we are predicting.

oh.....i buy shares so cut out the vile language

so we saw from yesterday's postings .... and a company, or a house or anything else, is only worth as much as someone else is prepared to pay for it.

so where's the basis for all this crap you keep spewing about corruption? ..... and if you think the company stinks - your word not mine - why the hell do you (allegedly) hold them at all?

Coming back strongly in the last few days....365p...

Certainly going well so far today, on good volume. Any news out to substantiate this?