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.

Didn't I say that the sp is creeping up....bit by bit....

only another 12p to get to ENOC proposed 400p bid.....lol.

FT looking really silly backing this ENOC bid at 400p too which it has TWICE.
Mind you, FT is a rubbish paper these days.....peston used to work for them which says it all

ENOC have yet to put an offer on the table ...... 400 was the sort of figure that i came up with, though not for any good reason

it has nothing to do with cynic.......however FT keep on banding this figure.....and i cant imagine anyone accepting 4 quid (apart from you cynic, lol)

merrill lynch are suggesting up to 7 quid......but they were kicked out by dragon.....the plot thickens

time is running out for ENOC! their silly game is failing in trying to suppress share price and they have failed with bids in past.

anything less than 5 quid will be laughed at by shareholders

you forget that ENOC have no need to table any bid at all

true but if they wont then i'm sure others will buy their shares! i reckon chinese or russians will buy big chunk of their holding or all of it.

as i say, ENOC time is almost up.......either offer something or piss off

marni you don't get it ENOC own 52% of the shares they are not going away and will only bid for the remaining 48% if the price is right for them, minority shareholders can do nothing but wait or sell in the market.

i do understand, halifax

but there is institutions too who wont sell at under 5 quid and they make up quite a holding.

i think ENOC need 90% and that wont happen with pathetic offers.......and the longer they wait, the higher the sp through time esp as oil goes up and dragon production goes higher

as i say, ENOC time is running out fast

and i believe a chinese oil cmpany i interested if ENOC wont table a bid......in other words, they will buy ENOC shares

marni they can't buy ENOC's shares in DGO unless ENOC want to sell them, you are really scraping around for a reason to ramp DGO.

No need to ramp...it's climbing day by day...excellent production and the price of oil back above $70 is helping...

i aint ramping rf.........no need to as i'll wait as long as it takes......i'll wait 5 years if necessary but i cant see ENOC waiting that long.

only another 6.5p to 4 quid, lol

fwiw, i think a bid of 6.50 will be ofered as under 5 quid is a joke and they need to tempt the instistions in selling their shares

marni - i would say that your logic flies in the face of reason, but i am afraid there is no logic at all to your statement(s)

ok cynic but i;ll make a prediction of 6.50........yours is 4 quid, lol........lets see who is closest as i'm sure a bid will arise eventually

only diff is that i don't care ...... i'm sure i'll be out months if not years before price reaches your target

u dont care!!!! lol.........well if someone can give me more thaN 50 per cent on my shares then that would be great.........i dont know any banks with that interest rate

if we wait years, then sp will be MUCH HIGHER than 6.50 but it seems you dont know much about this company

As long as the Americans don't have a go at the Iranian installations...

marni - i know enough, not least through discussing a couple of projects with them when i visited their offices in dubai ..... no doubt you had the pleasure of lunch with the directors and hence your greater inside knowledge .....
i also know that waiting for the pot of gold is likely to find you holding a crock of shit ..... i hope and almost expect, that i shall have enough discipline to BANK a very good profit at the time i consider it right.


rf - i don't think you are going to see any real progress in iran for many many years ...... whether the amis, perhaps via israel, take a pop at iran remains to be seen, but for sure iran is developing nuclear weapons