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.

cynic is this a 10% short?

down to 350? ..... possibly though it's quite brave in a recovering market .... however, i don't see a good reason to buy DGO either ..... one could even argue that notwithstanding the underlying NAV, south is almost certainly the direction for a good while yet, as there is an ultimate standoff with ENOC, especially now that Uncle AD has bailed out the naughty nephew

Why the share holders voted no?

oy weh!
because they felt (correctly) that ENOC was paying significantly under true underlying and prospective value

After hours rns.....another good flow to add to existing production.....watch the rise in the sp in early 2010...5 at some stage...next year !.

Ho ho ho....and what av ve got fur yoou ?.....a new year serious breakout that makes the big escape look like an amateur job !.

the nigger in the woodpile will always be ENOC's 52% holding, so not sure that others - e.g. PMO and (upgrades today) DNX or CNE, or even TLW at this slightly late stage - are not a better investment

We are being spoilt for rises at the moment....even certain small caps (mining, oil, and a few tech stocks)....are rocketing but I think that this is heading for 5 this year, not sure about the timetable but it is looking good, don't forget that this is in the 400p area and TLW is 3 times this (I also hold) so for every 1p here is equivalent to 3p there in rise or drop...all in all : market on a steady rise.

6-8 by end next year, imo

You might be right ahoj....another nice surge...

One of today's rare successes, the sp should carry on rising throughout 2010....what makes me think that they will make an acquisition at some time during 2010 ? : the large cash pile perhaps........

Dear old dragon is holding up quite well here...

required field - probably fatal but I do like this company, could it be the next Petrofac? time will tell, probably not the best time right now to stick your neck out though eh ?

Considered taking a position in DGO earlier today, but regrettably decided against, chart looks nice but at 50pp, the trade was going to tie up a little more margin than I was prepared to set aside for what will inevitably be a longer term trade.

Gutted I didn't follow my instincts on this one, up 20p ish since I posted previously :(

Above offer levels now...500p here we come (in time)...

perhaps i missed something, but those figures and chairman's comment looked a lot less than inspiring to me ..... no doubt i'll be proved wrong and sp will surge this this morning

Dragon looking good....wrong thread Cynic but it doesn't matter....

Go dragon go....steady eddy riser this one...

Perhaps a little vertical rise coming ?.....the graph points to it !.