Gold Oil Share Discussion Threads

[pennstreet] 01/7/2013 11:00

It will probably take 24-48 hours for BARC to change (so i was told this morning)

[the guardian] 01/7/2013 10:40

Checking Barclays, neither GOO nor BOIL.L are recognised epics.

[nlmbidc] 01/7/2013 09:23

As i said last week the presentation may not appear because some of the references to potential fields/companies may not be welcome.

Any buyins to other companies fields will need board approval from the target companies.

If anything is published it may be watered down.


Nlmbidc

[valentine] 01/7/2013 09:15

We will not see much action until that presentation shown at AGM sees the light of day!

[an1mal] 01/7/2013 09:12

£150 trade at 8'ish

[pennstreet] 01/7/2013 09:07

So any trades yet ?

[valentine] 01/7/2013 09:01

You do on LSE but nowt much else. ADVFN are slow on uptake.

[pennstreet] 01/7/2013 08:55

so if i type in LSE:BOIL i don't get anything ???

[valentine] 01/7/2013 08:51

Change of Name
Mon, 1st Jul 2013 07:00
RNS Number : 2100I
Baron Oil PLC
01 July 2013

?

01 July 2013

GOLD OIL PLC

("Gold Oil" or "the Company")

Change of Name

Further to the resolutions put to shareholders at the Annual General Meeting of the Company being approved, the Company has changed its name to Baron Oil Plc.

As of the commencement of trading on Monday 01 July 2013, being today, shares in the Company will be traded on the AIM market of the London Stock Exchange under the Tradable Instrument Display Mnemonic of BOIL.L. The Company's ISIN number, being GB00B01QGH57, is unchanged.

The Company's website will remain as www.goldoilplc.com under further notification.

For further information:

Gold Oil Plc

Rudolph Berends (Chairman & CEO) Tel: [phone]

Cantor Fitzgerald Europe

[an1mal] 01/7/2013 08:42

Thanks for hosting us Stephanie_M

[pembury] 01/7/2013 08:04

I hope the name change elimates the PLUS nonsense

[valentine] 01/7/2013 07:49

Does this mean Finsgate house is no longer the london address?
I know they still use Jeffries Henry at that address but looks a lot better as SW1 location imo.
Our Offices: [e-mail]


Lima
Malecón 28 de Julio 455 Office 902, Miraflores 18, Lima - Perú.
Phone: [phone] / Fax: [phone].

Colombia
Cll 100 8A 55 OF 602 TORRE C
WORLD TRADE CENTER
Phone: [phone]
Fax: [phone]

London
1 Grosvenor Crescent London SW1X 7EF
Phone: [phone]

hxxp://mobile.executiveoffices.co.uk/serviced-offices/1-grosvenor-cr-sw1x-7ef

Better location than near scrotty Old St tube entrance.
hxxp://www.grosvenorcrescent.com/home.html

Serviced offices so we use when we need them, supposedly. The next EGM will be impressive for sure.

Adriatic Oil at same address..
hxxp://www.adriaticoil.com/s/6/contact

Dana Oil at No15 along crescent.

[chitty] 01/7/2013 07:42

Any one found the presentation on the web site?

[the guardian] 01/7/2013 07:34

Just tried to change my desktop on ADVFN and BOIL.L is currently an invalid symbol. Come on the dayshift, coffee out of the way and get the update carried out.

[the guardian] 01/7/2013 07:17

No it didn't give any acreage. The ticker is now

BOIL.L

I suspect that trading this morning may be slow due to the fact that brokers will have to latch onto the new name. It was only issued minutes ago and so as I expected, Barclays are still showing GOO as the ticker. Probably not a good day therefore to issue positive news.

By the way, it is not showing in the news section on this BB because it will be listed under BOIL.L

Time for an update CS!

[nlmbidc] 01/7/2013 07:11

No 07:00 news. It is increasingly likely therefore that new acreage will accompany the announcement of the name change.

[boomorbust2] 01/7/2013 04:38

I agree with nlm, it makes no sense to do more seismic on Z34 when we have already identified several drill ready prospects with an estimated 2.2 bil barrels of oil. That's more than enough to keep us busy for the next few years. I know further seismic could identify further prospects and greatly increase the 'estimated reserves' in the block but oil in the ground means very little as we can see from our share price A Well gushing tens of thousands of barrels per day on the other hand would prove the block is commercial and pay for further exploration.

I think the clue is when RB applied for the option to include drilling in the next phase. He must have enough confidence in the current seismic to stick a drill down there and I'm sure this was discussed with UOG prior to the farm out. He also applied for EIA early on as well so once that is granted what's to stop us from drilling. It's my belief that UOG is young, ambitious company that are going to go at Z34 full throttle and 'permit depending' we could be drilling within 18 months.

In the meantime RB will continue to focus on increasing production in Columbia and acquiring more low risk assets in the region. I'm extremely excited about the future for baron oil, I've got my average down to 4p now and expect to be in profit in the near future. Good luck all baron oil holders.

Bob.

[nlmbidc] 30/6/2013 23:14

RB mentioned at the AGM that there was ample 2D and 3D seismic on Z34.

Although one of the options in the next couple of phases is to do more 3D seismic on Z34 - roughly 750 SQ Meters for each phase, it seems to me to be more sensible to invest in drilling rather than more seismic.

Of course the seismic option is the cheapest, but UOG may bring in another partner and do the drilling if the Karoon drilling on Z38 is successful.


nlmbidc

[stephanie_m] 30/6/2013 22:47

As gold Oil are now changing their name and entering a new era this thread is now closed.Thanks to the many long term holders who have contributed over the years. 30/6/2013

[pembury] 30/6/2013 20:24

As you know Gold Oil are fully carried for three phases on Z-34 now so all that is down to UOG or someone else depending on what they do after Goo farmed out a huge chunk.
Ideally the end result will be a seismic and two well carry for the three phases.

[grahambr] 30/6/2013 17:20

nlmbidc
Its very expensive. Nowadays you can easily drill sideways , so maybe they can do several prospects at once, if they are near to each other.
Good news that someone else is paying for it.

[nlmbidc] 30/6/2013 10:32

The key for Gold Oil / Baron oil is to be ready to drill in Z34 if the karoon drilling is successful in Z38 - probably 1st quarter next year.

RB advised that moving a drilling vessel from the Gulf of Mexico into the Z34/Z38 area would cost $20 million and upwards.

Because the Z34 prospects are in much deeper water than those in Z38 it would take a week to get the drill down to the seabed - a lot of money at around $1 million a day.

Hopefully in the next few days we will become Baron Oil and announce new production from one of the prospects that RB showed in his presentation.

nlmbidc

[oildon11] 29/6/2013 17:40

Gatt less of the dry please!