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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Dragon Oil

July 2012

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • DGO
  • Price:
  • 525p
Dragon has announced that due to a number of older wells being “choked down†to minimise possible production of sand, average gross production in H1 this year is likely to be 10-15% above the 58,000 bopd average achieved in the same period last year and lower than previously expected. However, management are now gradually bringing these back to normal levels by installing sand screens and expect to return above 70,000 bopd in July. Dragon is hoping it will catch up by drilling additional wells in H2 and has maintained guidance for overall 15% growth in production in 2012. More positively, Dragon has announced it has been awarded its first ever exploration and production licence in Iraq and will hold a 30% stake in block ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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