Gold Oil Share Discussion Threads

[the guardian] 30/4/2013 16:51

charlie, at some point, the market is going to recognise that we have made rapid progress since coming out of suspension. Nothing has triggered a rise yet but if we sort out the Burdine wells we could greatly increase our production rate. If you recall, one of them just needed a new liner. That is a low cost, off the back of a lorry job.

Rudolph has stated his intention to grow the company aggresively in South America. He knows our production income and current status and so maybe we should all be more confident that he can achieve what he is saying.

Time will tell and hopefully it wont take too long before confidence returns.

[simon8] 30/4/2013 16:38

Not visited the board for ages,seen the farm out news on LSE site, well they eventually did it, but alas the rocket under the share price just hasn't materialised, was hoping for a good lift off, oh well back in the bottom draw for another 7 years!

[nlmbidc] 30/4/2013 16:37

There will be an increase production from nbm very soon in my view.

Hopefully followed by nancy 2.

Nlmbidc

[the guardian] 30/4/2013 16:25

Maybe we will just sit at this price forever.

[pembury] 30/4/2013 16:22

Gold Oil have increased production by over 70% this year by taking 100% in NBM and that has done next to nothing to the share price even with oil at $95.

[charlie81] 30/4/2013 16:19

i guess what i am saying is our debts have been paid of, but for the moment dont see where we are going to generate enough cash to develop nbm in the near future. it would appear that only significant increase in production will have a meaningful increase in our share price in the near time. 81.

[cockney sparrow] 30/4/2013 16:04

It was hardly a rushed deal and without GOO actually drilling themselves and proving the resource in place they negotiated well to obtain 20% + the hard cash to move the business futher forward.

The RNS might not have been the clearest of RNSes but it was written by an Oilman for Oilmen.

[pembury] 30/4/2013 15:58

charlie. Well they won't be needing to put up any cash for the Peru assets for the foreseeable future.

[the guardian] 30/4/2013 15:55

majja, no nothing since my confused post this morning.

[charlie81] 30/4/2013 15:53

a deal done in a hurry , perhaps the only deal where we did not have or trousers pulled down completely, i guess the 6 million will be used to pay the chinese and our ex partners in nbm, better hope we get that permit extension. 81.

[pembury] 30/4/2013 15:45

So i guess this stake gives GOO a carried NPV at $520m.

[charlie81] 30/4/2013 15:43

still dont understand why gold oil has never taken the embezzler to task through the courts, his shares should be torn up. 81.

[majja] 30/4/2013 15:26

The guardian,Did you get an email reply back from RB detailing the 3 phase?

[majja] 30/4/2013 15:25

What have you lot done to the shareprice? Can't believe where it is, not bothered though. Feel lot more comfortable with this now and RB doing a good job.Tuck them away and wait a year, most of us long termers are used to waiting.

[pembury] 30/4/2013 15:24

Major update on website needed for XXI, Z34, NBM and possibly Rosa Blanca (if a deal is secured?). Those summaries are so far out of date now.

[bushbuck] 30/4/2013 14:28

...through the remaining 3 exploration phases...

what happens at the end of the exploration phases?

[the guardian] 30/4/2013 14:11

The whole deal seems to have been driven by an urgency to pay off our debts. Only one man is responsible for those debts and I hope that he gets what he deserves one day.

[nlmbidc] 30/4/2013 14:00

I think redeyemines has called this correctly on the iii board.

He sees union oil and gas as a holding company.

I think union oil and gas will increase the value of z34 by funding more 3d.

They will then off load their 80 percent to another oily to do the drilling.

This isnt necessarily a bad thing for goo. In fact it may be a very good thing.

[mojomonkey] 30/4/2013 13:55

Penn, could it be one of the old directors getting out? I don't know what the usual MO is when someone is ousted from the BOD, do they always sell their shares to use the money in another company they might be interested in?

Could that be it and if so we will get a holdings RNS in a few days? is that triggered by the percentage sold or only when they are totally finished selling, how does it work?

GLA

[adol] 30/4/2013 13:47

Just a thought.......... is the price being held back because of a possible take over??
Don't know what to think with this price action..

[joetricky] 30/4/2013 13:31

someone is buying in tranches of 77,500 !!