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.

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.

Dragon Oil pondering offer for Bowleven
StockMarketWire.com
Turkmenistan-based oil firm Dragon Oil (LON:DGO) notes the recent movement in Bowleven's (LON:BLVN) 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.

At 11:49am:
(LON:BLVN) BowLeven share price was +35.88p at 109.88p
(LON:DGO) Dragon Oil share price was -12.25p at 531.75p

StockMarketWire.com
Dragon Oil has ended its interest in Bowleven.
Dragon said that it was no longer exploring an offer for Bowleven.

The result released today is great. 1.66bln in the bank and making money on daily basis.

Key corporate highlights

-- A consortium of companies, including Dragon Oil, has been awarded an exploration, development and production contract for Block 9 in Iraq's fourth bidding round;

-- US$200 million share buyback programme commenced in June 2012 to purchase up to a maximum of 5% of the issued share capital of the Company, with approx. 11.5 million shares bought back.

Key financial highlights

-- Capital expenditure on infrastructure and drilling amounted to US$208 million for 1H 2012 (1H 2011: US$151 million);

-- Group's cash balance (net of abandonment and decommissioning funds) as at 30 June 2012 was US$1,667 million (31 December 2011: US$1,527 million).

Any idea why this has fallen?
I was expecting a decent rise!

worth a punt IMO