Share Name Share Symbol Market Type Share ISIN Share Description
Gold Oil LSE:GOO London Ordinary Share GB00B01QGH57 ORD 0.025P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 1.45 0.00 0.00 0.00 0.00 - 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 2.8 -9.5 -1.1 - 17

Gold Oil Share Discussion Threads

Showing 31551 to 31575 of 32575 messages
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DateSubjectAuthorDiscuss
01/5/2013
07:05
Brilliant a total free carry at a shot at 500 million barrels plus potentialy more after more 3d this will asume a nice position over the next few weeks
oildon11
01/5/2013
07:02
Well done TG!. Got to be at least a two well carry for 80%.
pembury
01/5/2013
06:57
I continued to seek clarification from Rudolph on the terms of the farmout deal. He replied to me during the night and although they aren't straight forward, in his words: "A total free carry whatever the other party wants to do!!!!!Even if they drill 3 exploration wells, we are still carried." That sounds like a bloody good deal to me and worth around $230m or more if we got to that stage.
the guardian
01/5/2013
06:51
Bravo Hugo. Great post.
cockney sparrow
01/5/2013
06:49
2trying. Perhaps on the cautious side? NEW valued 329m barrels at $8.2bn at P50 (10) v GOO 2bn barrels at $2.6bn P50 (10) ,which is confusing?. Still got to find it first, however someone else will pay for that now with Gold Oil carried for seismic and drilling costs.
pembury
30/4/2013
23:56
Hugo, that is the most superb scientific and logical post that I have ever seen on here, and I thank you for it. I very rarely comment here as most people either know so much more than me or seem to know nothing. I will hold, and expect the price to rise as the analysts and pundits digest the real implications of what is happening.
jweekes
30/4/2013
23:19
2trying. Yes, they estimate that there may be 2.02 billion barrels of oil within those 12 prospects. But they are exactly that, (prospects) until such time as they are drilled, and the drill bit does indeed prove it is oil down there. Much of the seismic has been processed and the interpretations are that those 12 areas have all the ingredients of oilfields. It may be water. It may be a layer of mud, slime and sand which gives the impression of being a layer of oil within the strata. It may be a perfect oil trap, bounded by faults which form a seal to contain vast quantities of oil, but part of that seal around the circumference of the field may have been broken or is incomplete, and the oil migrated over the millenia. We will simply not have proof that it is oil until the prospects are drilled. Therefore, although 2.02 billions of barrels may be worth $202 billion at $100 per barrel by the time they have brought it to surface, you cannot say it is worth that in its present state of simply being a prospect, just in case its not oil. The odds are that it is highly likely, in oil terms, but no-one is going to pay you 202 billion dollars until they have drilled and proved it. We must also account for the costs of exploration, the drilling, the laying of infrastructure to bring it up and to market, etc. Hence, the market sees the prospective value at, yes, just over a dollar a barrel until such time as it gets drilled and proven. Then you will see a lot more value reflected in the price. Full value will not be reflected until it is sold to market, and in the company's bank, and on the balance sheet. But just over a dollar per barrel is a start. Many companies find their prospects are only worth maybe 25 cents a barrel, so you can see that the market has a bit more confidence in our prospects to value it higher when still unproven. When our neighbours Karoon drill Block Z38, just north of us, one of their prospects actually sits across both theirs and our block, and has possibly over 400 million barrels in that prospect alone (block "G"). Therefore, if they strike lucky, then it has derisked our half the field too, and we will see the value of our block go up as a result. You often find that even when a prospect has been drilled and proven to be oil, if the company sells that oilfield, it might even then, only fetch $5 a barrel. Thats because even though they have proven it is oil, it still has to be appraised properly, developed, and brought to surface, brought ashore, and piped to market. The costs of that infrastructure and the time involved, still add risk, keeping the ultimate value of the oil still quite low. The more they derisk the whole process, the higher the value will be. Hope that helps.
hugomaracuya
30/4/2013
21:53
Hello good people . I am sorry to be thick - but there is something I don't understand . May I make clear I am a tiny investor in this share . I am a complete amateur . This is what I don't understand - Copied and pasted from today's RNS . --------------- An independent Competent Person's Report ("CPR") from DeGolyer and MacNaughton ('D&M"), prepared in March 2012, provides new volume and valuation estimates for twelve prospects identified by Gold Oil on the block. The mean prospective resources certified by D&M total a combined 2.02 billion barrels of oil with a mean potential net present value of US$ 2.6 billion, as detailed in the tables below: --------------- So - we have 2.02 billion barrels of oil . Worth - 2.6 billion dollars . Therefore a barrel of oil is worth just over a dollar . Obviously I have that wrong . --------------- I have no idea . Might I request replies ? For which I thank in advance .
2trying
30/4/2013
20:59
I've got no option. 81.
charlie81
30/4/2013
20:51
"A nice progressive way" That sounds like how a good company should be run, I like this and I am stopping here for the long haul.
mojomonkey
30/4/2013
18:36
The key to this companies share price growing is improved production. This can be done little by little until we start to operate at a profit. I believe we will increase production in NBM by improving the current wells and then drill Nancy 2. If we can get to 2000 bopd the income will improve considerably, as will the share price. RB wants to grow the company and now that the deal for Z34 is settled he is now in a position to do that. onwards and upwards in a nice progressive way! nlmbidc
nlmbidc
30/4/2013
18:05
Graham, Honestly I think that it's good but I haven't got a clue what will happen next. The way I see it, We have 500 BOPD on NBM reduced costs and decent management. I'm not buying more shares, I'm waiting.
cockney sparrow
30/4/2013
17:59
mike the environmental permits for further 3d on z34, were applied for a wee while back, so hopefully that will be happening sooner rather than later. 81.
charlie81
30/4/2013
17:56
Well we all 'hope' but i don't like to see massive amounts banded around when nothing has actually been done yet, and anything is probably a few years off.
mikestamp
30/4/2013
17:54
Thanks for your imput lads. I am sat on a couple of million with an average of a lot more than 2p even after averaging down. So it's all in the bag so to speak. Hope so. Thanks G enjoy Florida
chitty
30/4/2013
17:43
mike, just guessing here but the 3d and two wells drilled will likely total quite a bit of cash. and as union will be footing the bill and not us,thats what it will be worth to us. 81.
charlie81
30/4/2013
17:38
How on earth can you dig up a figure of 100-200 dollers ?? No oil has been found yet !!
mikestamp
30/4/2013
17:35
chitty , the mms are a bunch of players. 81.
charlie81
30/4/2013
17:32
chitty, the deal is for $6m plus a free carry on three phases of work. It is unclear what that actually means but it is worth somewhere between $100m and $200m to GOO. The deal appears to be more complex than can be explained in a few words, which is why when I asked Rudolph to explain it before he boarded his plane this morning, I was left confused. No doubt at some point in time, he will fully document the details. I do not think that we have been shafted. The reason that we have had virtually no rise is because the details of the deal are unclear but also because a lot of damage was caused by someone in the past and it is going to take time to not only build up finances but improve sentiment.
the guardian
30/4/2013
16:46
I dont think anyone outside of the company knows how much the deal is worth yet. We are still set to get proceeds from 500 million barrels of oil when recovered. Thats for starters as the rest of the block is explored. Todays price represents limbo land until the deal is explored.
grahambr
30/4/2013
16:39
Ok so why do you think the share price has finished where it has tonight. Thanks
chitty
30/4/2013
16:39
Everyone keeps mentioning 6million!!! it is dollars not pound sterling !!! We need a broker note or better details on this deal we all knew we weren't going to get the 200million plus a carry and retain a big percentage that some plonk ears where hoping for ..............but is this deal really that good?? Maybe this is why the price stalled today...
oildon11
30/4/2013
16:31
chitty its not 80% for 6 million , the cost of the development is hundreds of millions. Wells are about $75 million quid and half a million a day to run. This cost needs explaining and may well be covered in the next broker report, but I'm guessing it will equate to huge sums. So we have gone from on the brink to carried .
grahambr
30/4/2013
16:21
Jam tomorrow, and we wait again for more news. I think the deal the management have done giving 80% for 6 million nothing clever with that and the share price proves it. Are we being shafted? job for the boys!!
chitty
30/4/2013
16:01
I think I missed out on the fact that the cost of the development is probably hundreds of millions of dollars. I also missed the fact that the rest of Z34 is still to be developed.
grahambr
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