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.

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 !.

yes this one looks to be on another breakout.....good long term hold this one

New report and analysis, click HERE

DGO is weakening... sell at 400p

why is s.p. weakening,is the sheik dragging the s.p. to the floor,dropping everyday

is any one there,are u all gone to the pub,sell at 10 pound.

is any one about,is this going up or what,dont sell,buy,this will go to 10 pound

why? .... personally i think it's run its course for a good while yet; in fact, with sp nudging just below 200 dma, prob a better sell even if only on technicalities

are we on a good thing here

Output is up 25% during the first three months. more cash $1.2+ bln debt free.

How much does this company worth?

Dragon Oil notes the recent movement in Bowleven's share price and confirms that it is in the preliminary stages of exploring a possible offer for all of the issued and to be issued share capital of Bowleven.
This announcement does not constitute an announcement of a firm intention to make an offer under Rule 2.7 of the City Code on Takeovers and Mergers (the "Code"). Accordingly, Dragon Oil would like to emphasise that there can be no certainty that any offer will ultimately be made or the terms or timing on which any such offer would be made.

At long last they have decided to use some of their cashpile....

Quite a spike.