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.

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

sp going down again.....what a surprise!

good news is high volume......about 10 times current volume over last month or so.....sometimes only 100k traded by lunchtime in this corrupt company, oops meant good, lol

Doing fine...production increasing...more to come from this company...

RF .... i think you could make a better choice ..... sp now back below 400 ...... read the recent posts!

This is about to burst higher...look at the graph...resistance at 400 p....production increasing along with oil up (trend)...sp could jump 20p or so...the only trouble is I'm not sure if their production is hedged...will have to check that...to me this looks good...

your call .... my own oilie money is currently elsewhere

where ?