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 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

its SUPPRESSED BY ENOC AND DRAGON BOARD!!!

waken up cynic!

ft keeps on eporting on 4 quid so why is sp going higher.....it has been over 4 quid twice inter day i think but ended up lower.

None of the major institutions or small investors are going to sell for under a fiver.......so this share is in limbo while even crap companies go up up up.

apparently lots of phone calls etc have been made to dragon, irish takeover board etc but they all seem to be in the thing together.....oh ENOC are in same building as DRAGON.....hmmmm, says it al realy

oh and market has ben strong ALL SUMMER but dragon sp has been no higher than end of MAY!

sp will probably go back down again later on....or tomorrow.....or both!!!

oh goody goody ..... another conspiracy theory ..... fyi, the Dragon / ENOC complex in dubai covers several acres and about 8 buildings, but of course you wouldn't know that .....

fact of the matter is that sp has stalled 2/3/4 times at this 400 level, which was so predictable, that even i managed it .... however, the longer the resistance is sustained, the more potent it becomes .... conversely, if sp finally does manage (as and when is more likely) to breach this level with some conviction, then it could easily be like a champagne cork

Read somewhere that DGO were considering an acquistion,i was on my why out so
unable to follow it up.
cyril