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.

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 ?

probably far too many ....
AFR GKP, GPX, HOIL, HAWK, PMO, TLW VOG (inherited), PELE (yuk!)

also associated ..... CRA, LAM, AMEC

I have the top line less PMO and VOG...but none of the bottom three....sold out of LAM....perhaps a mistake...

Thar she blows...

ENOC days are numbered esp with oil sp increasing rapidly.

they obviously dont have enough money for decent bid........4.50 will be laughed at by everyone (except cynic with his 3 shares)........of course FT with its corrupt journalism keep spouting 4 quid.
ENOC have 1 chance and then its 12 months waiting........by which time oil price and industry will be in full mode again and dragon will be much higher than today

as i ay, every day that goes by makes it harder for ENOC

oh marni, you do talk such a load of rubbish sometimes and can rarely keep a civil tongue at any time ..... this latter trait is neither clever nor even amusing, and merely reflects your own character defects - anyway, if you bothered to read, which you clearly only do selectively as/when it suits you, you will have noted that i do not currently hold any of these.

though the traffic in DGO is exceptionally heavy, the only news out is that DGO have said they will be investing several $00,000 in 2010 to develop facilities etc in turkmenistan.

though dubai is financially on the ropes at the moment, that may not apply specifically to ENOC ..... in any case, if the turkmen gov't or even that of AD, who have been bankrolling dubai of late, like any bid ENOC may care to table, then no doubt they will find the necessary financial support ..... there are also many hidden ways to skin these inter-governmental deals

Climbing rapidly now...took some time to puncture that 400p mark but the 00p's are always difficult...on it's way to 450p perhaps...

RF .... i hope for you guys that you're right, but it has been to this level a few times, including just a couple of days ago, and then just drifted away again .... on a more positive note, the volume has already exceeded the daily norm

=======

sorry - that's bollocks!
i misread 1.7m shares traded as 17m

similar to 2 days ago

The cash and cash equivalents and term deposits at 30 September 2009 were approximately US$962 million (31 December 2008: US$876 million), including US$114 million (31 December 2008: US$92 million) set aside for abandonment and decommissioning activities.

9% rise in production so far his year, etc...

yip.......and ENOC dont have the money or else they bid by now.......82$ recently, lol i think it was 60$ when they mentioned bid 5 months ago

and if anyone else wants to bid, then they will have to persuade ENOC to part with their shares ...... the question remains as to how much, if at all, the current sp is supported by the possibility of a bid coming from ENOC, or from anyone else for that matter

haha i squelched that old fool cynic with his stupid childish inane comments.....he's missed most of the rocketing shares this year. back to work for him.....or not as the case

she'll be missed like bubonic plague

My formula says the bid should be recalculated. Above 5 can be a good start.

the theory may be great, but at the end of the day, it is a matter of how much someone is prepared to pay ...... for the moment, am happy to have banked the profit, but shall continue to watch