|Tue 10:01||hugomaracuya||I think you (Chitty & China) are forgetting the damage done to the company by the former team. When we raised enough money for drilling Nancy 2, seismics for Z34, and enough for our ongoing committments and running costs, only to find it was all milked away via Sheer Energy office services, expenses, etc. Therefore we had no money left in the bank, a bloody great bill for the seismics, no... read more...|
|Tue 13:01||the guardian||You don't know what we got. The last three phases of work could be worth between $100 and $200m. Union will decide.
|yesterday 13:25||oildon11||Paint drying read more...|
|Thu 10:55||grahambr||Wonder why there is no broker note, after the major step of a farm in. Maybe the results are pretty near and they will kill 2 birds with one stone. read more...|
|Tue 08:50||chitty||May be there is something we do not know about in the results! read more...|
|13 May 2013||grahambr||oops read more...|
|13 May 2013||grahambr||Oildon I am valuing the carry on the amount of work to be done , you are correct that I should take 20% of that. Of course that value does not take into account 20% of 2.6 billion barrels of oil if recovered (on current 3d only not the rest of the plot).
All in all I still think GOO in its current position is seriously undervalued, but of course the market doesn't ! read more...|
|13 May 2013||oildon11||Graham were did you get 100 mill from our carry is worth 20% so are you sugesting uog are going to spend 500mill?? read more...|
|13 May 2013||mikestamp||Cash is king, how much have they? what is the burn rate and how much is coming in ?? Untill the market has some substanciated answers your 'value' means nothing. read more...|
|13 May 2013||pembury||Unfortunately it's not a joke but a very sad reality. You wait years for a farmout deal offshore, secure 100% of NBM, farmout XXI, clear the debt, reduce overheads and get some cash to expand. They achieve all that and this is where they are placed!.