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.

All you can say is WOW!

Real wonder stock this, Robbie Burns also in this.

brilliant performance on a real lacklustre day, and not a stupid spread either

We are looking at 1000p a share sometime in the future.

based on what and before i die or before you die?

Good question I was tipped this by my broker in 1999 or 2000 when it was a penny share and what did I do..?

and what other shares did he then tip and how many of them are still going strong today? ..... we all have selective memories!

There was once a little company called Microsoft in 1978..........!

I'll never live this down..!

serves you right - lol!

lol...

at least he (and you!) did not recommend SEO or EXP or EEL or a few such similar!

Coming back to the real issue, oil, all you need to get the price of to go through the roof $120 + is : a couple of nutcases in speed boats with explosives, one slams into Iranian ships, the other one slams into Allied (GB and USA) ships and there you have it : (the script for the next James Bond movie), which means it only takes a little something for oil and energy prices to fluctuate violently.

Or a major oil refinery fire......or a giant oil spillage in Alaska......or a civil war in Nigeria...............?

Well yes, there's more of a risk of oil going up than down, there's a shortage and that's that.

Not according to city dealers expect to see oil prices fall to $60-70 as speculators feel the world economies slowing down............unless say the Straights of Hormuz become a war zone. Now who would want to do that?!!

People have to drive their cars to go to work, buses, lorries, all this runs on oil at the moment (fuel cells might change all this, I hope they will). Are they going to use their means of transport a lot less, the answer is : only a little, they can slap on all the congestion fees in the world but if you have to drive to go to work then you have to use transport, the population is increasing not just in this country but all over the world. In southeast Asia the demand for oil is everincreasing so what we might save in this country is counterbalanced by the huge increase in these rapidly developing countries, so frankly speaking oil prices at $60 a barrel : not impossible but highly improbable, if they did drop to this there would be a very strong rebound.

Interesting comparison from another board between Cairn and Dragon?
Cairn Dragon
Turnover 286m 320m
Profit -90m 224m
EPS -52p 35p
Market Cap 3.6b 2.08b
cyril

http://www.davy.ie/content/link6.html
cyril

Really flying, I just hope the Iranians don't spoil the party, didn't I read somewhere that some of their oil is routed via Iran ?