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.

don't care! (sulk, sulk)

I suppose the question is what of the SP if the bid falters??
cyril

thats when we tell enoc to sod off and sp goes up up up.......yay

let the chinese have it, lets steal enoc share certificates and give it to the chinese

oops i meant borrow......hey, i almost became a shorter, lol

stalemate here and even more obvious now.....barely 100,000 traded as i type this

jes, this could go on for next 5 years.....er oil price will be massive by then though

Copied from iii CNOOC appear to be interested in Astrakhanskiy

08-Oct-09
14:04
CNOOC holds talks with Dragon Oil and Max
Petroleum over Caspian acquisition; adviser
proposals welcome, source says
Story China National Offshore Oil Corporation (CNOOC), the
listed Chinese oil major, has held early-stage discussions
with Max Petroleum and Dragon Oil to acquire a Caspian
oil and gas asset, according to a CNOOC company
source.
CNOOC is striving to acquire an upstream offshore oil
and gas asset in the Caspian region with roughly 100
million barrels of reserves, the source said. Dragon Oil,
the Turkmenistan-focused, dual-listed oil and gas
producer, and Max Petroleum, the AIM-listed oil and gas
company, both have assets in the area.
CNOOC does not have a local financial adviser in place
and would be welcome to approaches, the source said.
"We have the funds available," said the source. "And we
would be happy with a minority stake of 20% to 25%."
The source explained that CNOOC has been in talks with
both the Kazakstani government and domestic energy
giant KazMunayGas in the past.
This news service reported this week that Max Petroleum
plans to spin off Astrakhanskiy LLP, an upstream oil and
gas field in Kazakhstan, for USD 50m to USD 100m and
has had interest from six companies, including GDF Suez
and KazmunayGas.
The source said that CNOOC is keen to push ahead with
an acquisition in the Caspian after some of its domestic
competitors continued to make progress in the region.
Dragon Oil and Max Petroleum did not comment by the
time of publication.

By Rob Hartley
Source dealReporter

cyril

8th was thursday, yet on friday sp did nowt, implying that at least at present there is nothing to support this story

MXP neither.So while keeping in mind,it's a post on a BB.
cyril

and therefore even less trustworthy than even something in Daily Express!

GREAT DRILLING NEWS - ROLL ON 5/6.

i have read the RNS, and great news it is not ...... it's ok, but no more than that ..... make up your own minds .... pasted below in its entirety ....

Dzheitune (Lam) 28/137 and 13/138 wells on production with initial combined test rates of 2,141 and 2,511 barrels of oil per day ("bopd") respectively
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) 28/137 and 13/138 development wells.

The Iran Khazar drilled the Dzheitune (Lam) 28/137 well to a depth of 3,301 metres. Testing of the short and long strings resulted in production rates of 1,020 bopd and 1,121 bopd respectively, with further testing and optimisation scheduled to take place. The Iran Khazar rig has finished its drilling programme on the Dzheitune (Lam) 28 platform and has been mobilised to the Dzheitune (Lam) A platform, where it has spudded the Dzheitune (Lam) A/139 development well. The Dzheitune (Lam) B platform is expected to be ready for drilling in November 2009.

The Dzheitune (Lam) 13/138 well was drilled by Rig 40, the converted land-rig, to a depth of 3,268 metres. Testing of the short and long strings resulted in production rates of 1,828 bopd and 683 bopd respectively, with further testing and optimisation scheduled to take place. Since completing the Dzheitune (Lam) 13/138 well, Rig 40, has skidded to slot 6 on the Dzheitune (Lam) 13 platform to commence drilling the Dzheitune (Lam) 13/140 well.

Dr Abdul Jaleel Al Khalifa, Chief Executive Officer, commented:
"I am pleased to announce that the Dzheitune (Lam) 28/137 and 13/138 development wells have been completed as scheduled. We are progressing the drilling programme in line with the field development strategy and we expect to have completed eight wells by the end of 2009."

cynic may not be great news to you but it is for me . clearly you can't see the potential.

i have long been a fan of DGO, though i do not currently hold .... as i posted, peeps can interpret today's RNS as they choose

from a chart point of view, sp has at last pierced 400, albeit on the back of a generally strong market

it pierced it before when it finished 410p before!

ENOC will knock price back down again!

oil is now 75$, lol........cash in hand is massive too

i don't buy your (nor anyone else's) conspiracy theory, but certainly the fact that ENOC hold 52% musy surely place some sort of governor on sp

yes it means sp wont go above 4 quid!

maybe .... that's why i do not currently hold

dgo could have all the woirlds oil but sp will never rise from now on.

we could be like this for years........almost 5 months now with no news.........unbelievable!
venture told centrica to put up or shut up........draGON DO NOTHING!

strange isn't it ..... i keep DGO on my watchlist, but there are so many quality oilies (forget the minnows for the moment) out there that are performing well that i see no point in tying up funds here, at least for now

yes, read my last post......probably worst oil dshare to be in over last few shares