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.

Here's the snippet,make of it what you want?

Just heard that Dragon Oil is scoping to buy Central Asian assets in particular Kazakhstan and West Africa.
cyril

Cyril.. was your last job as an actor in "allo allo"... may be the french policeman??
i was on my WHY out, oil is SCOPING to buy, just wondering......

BB - that is really scraping the barrel!

lol. :))

are we in breakout territory now then cynic? what price it going to then?

i'm basing my investment on fundamentals for future and also market factors in political risk which will be de-risked as negotiations with europe, china etc with pipelines

i shall sit and watch, but have a yellow flag on this one ..... at this time, i still consider DGO to be one of my weaker ones to hold .... i am completely disinterested in what you choose to do either way or for whatever reason

LONDON (Reuters) - Dragon Oil (DGO.L) is to ask the Irish Takeover Panel to issue an ultimatum to the oil explorer's largest shareholder, Emirates National Oil Company (Enoc), to make a bid for the company or walk away, the Sunday Times said.
The newspaper said the group would request a "put up or shut up" ruling from the panel within the next 10 days if Enoc does not come forward with an offer.

Dubai state-owned Enoc said in June it was considering making an offer at a "modest premium" to secure control of Dragon Oil, in which it already owns 52 percent.

No one at Dragon Oil was immediately available to comment.

(Reporting by Kate Holton; Editing by Greg Mahlich)

lol.....the dragon board are a disgrace as they should have done this a long time ago and i know that they and stupid irish takeover panel in micael ryan have been in cahoots over this sworded affair.

modest premium to 338p is about 370p......400p tops......and ft keps on saying 400p bid.........but 410p on friday close....hmmm

so do i have to pay 10p to enoc for every share that i have, lol.........piss off enoc like i said before in posts unless you offer 8 quid plus

"sworded" as in fall on same?????????
sp is certainly struggling to stay above 400, but shall stay put at least for the time being, but certainly 8.00 is a total pipedream or at least so in my lifetime

do some research cynic.....alas this doesnt seem to be your strong point.
i didnt realise you intended to die in next few years.

merrill lynch, etc all have about 7 quid but thats on current circumstances.....not including increased work, wells drilled etc

why research? .....
what do you not understand that any commodity, from shares to houses or anything else is only worth as much as someone else is prepared to pay for it .....
if ENOC are only prepared to offer say 4.00 but the other shareholders don't want to sell at that price, then the status quo will remain .....
if someone else comes along and offers more, then ENOC effectively have the choice of accepting to sell out or blocking, or even raising their own offer if they so choose .....
what you or ML fondly imagine is the company's worth is not (currently) remotely borne out by reality,

merrill lynch were dragons brokers though and i believe were kicked out......that ells u something that dragon board and enoc were in cahoots......however after almost 4 months of waiting i believe authorities have told dragon to say something as sp stuck between 3-4 quid for eternity when oil price has been going up is getting beyond a joke.

from your ost above, that means sp will remain constant for eternity if enoc dont bid......and they can wait and wait

thing is oil price will be even higher next year so alas enoc time is running out

"conspiracy" is a load of crap!
madoff/SEC has more credibility, but even that is almost certainly just the grossest of incompetence, the perpetrators allowing themselves to be blinded by madoff's history + smoke/mirrors

however, you are right to say that ENOC can afford just to sit on their hands unless they get an overwhelming desire to buy the remaining 48% ..... but do remember, and it may well be relevant, that the dubai economy is currently in dire straits so ENOC (indirectly) may not have the wherewithal to raise their bid (much) above say 4.00 even if they want to

as for the price of oil in 2010, no one has any idea at all (i would hazard an average of no more than about $80.00), though in the long run it is indeed almost inevitable (a very dangerous word) that it will rise steadily ..... a weak $ will also push up the price of crude in theory, though not necessarily in real terms

Richard, I really don't understand why you bother to debate with the irrational posters on this board? I imagine it is for your own amusement?

hi peter .... are you still in UK or are you about to go on your travels again? .... i shall certainly be in Abu Dhabi in mid November if that fits your plans

a bit slow to react, but am now out with a respectable profit ...... 8.00+ = in your dreams or God's ear, though i would very much doubt His interest in promoting one of the 7 deadly sins

its down to make way for enoc supposed small premium bid......and i doubt they have much cash for a bid.
4 or thereabouts will be rejected by most of 48% including institutions.
if they offer 5 quid they might stand a chance but not when sp was 410p on friday at close.

profit.....lol.....20 quid again

i've made a fortune by holding shares this year, some of which have gone up 700%.

and at least one other to which you have owned up that you have held for 5 years that is only now coming back towards break even.

for myself, though i have arguably got out too early/late, for it depends on how one views it - but if sp falls back to +/-350 may well get back in again as i did before - i have at least banked a very useful profit, which is far preferable to watching it all dribble away

err, i bought these twice at under 2 quid so i dont bother with off days in sp, the trend is up as thats all u need to know.

you bang on about profits but u r hardly the last of the big spenders....i'm sure the market rocks when u buy or sell, lol.

as for pci, its nice to see i'm in profit on it but i only had a small amount on it and not really too bothered....as i say its nice to see it back at a reasonable sp though

there is a game going on at dgo and only the few know it imho.

all the best anyway whatever u do

err .... does the market care twopence about any of us?