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.

if we wait years, then sp will be MUCH HIGHER than 6.50 but it seems you dont know much about this company

As long as the Americans don't have a go at the Iranian installations...

marni - i know enough, not least through discussing a couple of projects with them when i visited their offices in dubai ..... no doubt you had the pleasure of lunch with the directors and hence your greater inside knowledge .....
i also know that waiting for the pot of gold is likely to find you holding a crock of shit ..... i hope and almost expect, that i shall have enough discipline to BANK a very good profit at the time i consider it right.


rf - i don't think you are going to see any real progress in iran for many many years ...... whether the amis, perhaps via israel, take a pop at iran remains to be seen, but for sure iran is developing nuclear weapons

That is the only thing with this company that worries me....Obama for all his kind words might just get tough without warning...that is the only downside that I can see..still in this but not so much as before.

if usa does get pugnacious, then it will be the whole market that is hammered .... surely DGO does not operate in iran in any case

Their oil is exported through Iran (not sure of the percentage) perhaps 50%...but a pipeline through Turkmenistan (hope spelling is correct) is on the cards....and yes the whole market would take a knock...but if you have a madman in charge of nuclear stuff...look at hitler !.

saddam husein sounds better than hitler..

your ignorance on dgo with iran speaks volumes, cynic......but dgo have potential routes too.....plus this nabucco project!

saddam was iraq......i thought you were talking about iran before who actually have a dispicable person in charge too.

did you enjoy your lunch with the DGO directors?
our own projects related to the supply of stuff for their rigs ..... it doesn't matter to us how they shift the stuff

by the way, the real power in iran does not lie with Whatsfordinnerdad, but with the ayatollahs

Cynic look in your mail box please would like your thoughts.

just about to go out ..... hope ok if i look this evening when i get back to uk

No probs.

will this hit 4 quid today?

it seems sp is going higher making enoc unlikely to give a bid.....sp up up up

did someone say yes..........it did hit 4 quid......and ft suggest a 4 quid bid from enoc, lol

now 401p........i aint paying enoc for their "modest premium of 338p"

sod off enoc

BB - nothing arrived so have sent you an e-mail with my biz e-mail address

DGO may have spiked to 400 during the day, but clearly couldn't hold it ...... no great surprise there as that will take sp into new high ground ..... how stubborn that resistance proves to be remains to be seen

it was 570p last year.......next week at latest and sp will be well over piddly 400p

roll on 6.50

sp looks to be stalling at 400 yet again ..... not so good in such a strong market, though if that level is breached with impetus, then it my be chocks away