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

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DateSubjectAuthorDiscuss
01/5/2013
10:29
Can anyone tell me how bpc is valued 3x Gold Oil?
pembury
01/5/2013
10:25
tg , sorted for iii. 81.
charlie81
01/5/2013
10:18
Yeah, being a Yorkshireman, I agree, CS. :) TG. Cheers for all the hard work and communication you've put in.
hugomaracuya
01/5/2013
10:13
Great post, TG. Thanks for taking the time to explain - it does sound a great deal indeed !!
pennstreet
01/5/2013
10:03
Great stuff. On the new name front I like Rosa Blanca Resources.
cockney sparrow
01/5/2013
09:57
Don't forget the P50 2.02bn barrels is from just 800sq km of 3D, they shot 2,000sq km of 2D and have said they have numerous other leads to survey in these additional areas. Would guess they have a good idea where they will shoot probably another 700sq km of 3D to bring it up to 1500sq km of 3D which is in line with Karoon's Z38. i think Karoon have 1500sq km of 3D with a P50 of 2.2bn barrels v Gold Oil 700sq km of 3D at 2.02bn. From the first 700sq km of 3D Gold Oil have said they have numerous drill ready prospects.
pembury
01/5/2013
09:41
Nancy 2 could be a company maker on its own!
the guardian
01/5/2013
09:39
I used to think that Z34 is the jewel in the crown but now I'm thinkig that Rosa Blanca (White Rose) could be the project that really gets things going.
cockney sparrow
01/5/2013
09:36
TG - thanks for that. Big sigh of relief on Z34 then and money to pay our debts. Now we look forward to Mr Berend's updates on Rosa Blanca, Nancy 2 drill and permit extension and perhaps also for news on what Vale has been up to. Now we can relax and wait for the share price to gradually creep up to reflect the value we all know exists.
an1mal
01/5/2013
09:36
Thanks for that helpful clarification of the deal TG. Ross (lth & lurker!)
rossendale14
01/5/2013
09:22
Further to my earlier post, I have approached Rudolph with my full interpretation of the deal which he says is completely correct and which he is happy for me to publish. This is a very clever deal by anyone's standards. The deal is risk based and we retain the $6m cash no matter what. The first two of three phases mentioned in the RNS are flexible. The contract with the Peruvian Government requires us to carry out a drill in each phase or to carry out a certain amount of seismic testing. The third phase requires the drillng of a well. Under the deal, Union Oil and Gas are free to do what they want in terms of seismic and drilling in the first two phases but if at any point they decide to discontinue exploration, then the full 100% ownership of Z34 reverts to Gold Oil with no come back. However, if the first phase of drilling or seismic is successful and they carry on to do more seismic or more drilling, then we get a free carry on all of the work upto and including the third phase. That means that if they decide to carry out seismic in phase 1 and it doesn't show up any drill targets, they can either continue with a second phase of seismic or abandon exploration and return 100% ownership to GOO without any costs to ourselves and we would still retain the $6m. If they continued and carried out a drill in each of phases 2 & 3, then we would still get a free carry on the work. Again, if they drilled a dry well, they could choose to abandon exploration, returning 100% ownership to GOO or carry on to the next stage. The extreme scenario would be where they decided to drill a well in each of the three phases in which case that would also be a free carry to Gold Oil. It is one stonker of a deal and very favourable to both parties. There are also benefits in having Union O&G involved because as a company who have not had their reputation damaged as we have done, they could also farmout part of their share to a major if they so wished, which would obviously benefit all three parties. This is my interpretaion of the deal and has been verified as being correct by our CEO. Never the less, I take no responsibility for actions taken to buy or sell shares based on what I have written here. Equally well, I have done my best to provide scenarios to help explain the deal. I believe these to be correct but deny any legal challenge to their validity. I am extremely pleased with the flexibility of the agreed terms of the deal and have every confidence that Rudolph wil take this company forward to greater success. E&OE
the guardian
01/5/2013
09:06
i think GOO share price will drift now as the news that we were expected, was actually disappointing. have a look at COOL - rerating this week!! check out COOL (continental coal) - excellent RNS today - production up 35%! and waiting for approval of equity investment at premium at 5.5p to be confirmed this week. COOL (15market cap) is much more undervalued than BHR (48m market cap). COOL share price now only 3.2p Awaiting news: RNS of the following will come anytime soon: approval of 5.5p equity investment by VMR - expecting this week De Wittekrans Coal Project - strategic partnership with Indian (possibly Jindal? see below) Botswana Coal Projects - joint ventures VMR increasing their stake to 19.9% note The Company anticipates finalisation of one of the joint venture agreements on its Botswana Coal Projects to be completed in the current quarter. The Company continued with its discussions with a number of Indian based coal and power utility companies and major global commodity trading groups that have expressed interest in the Company's South African thermal coal business and in a potential long-term off-take agreement, strategic partnership and funding and /or joint venture arrangement on the De Wittekrans Coal Project.
thomas_uk
01/5/2013
09:05
i think GOO share price will drift now as the news that we were expected, was actually disappointing. have a look at COOL - rerating this week!! check out COOL (continental coal) - excellent RNS today - production up 35%! and waiting for approval of equity investment at premium at 5.5p to be confirmed this week. COOL (15market cap) is much more undervalued than BHR (48m market cap). COOL share price now only 3.2p Awaiting news: RNS of the following will come anytime soon: approval of 5.5p equity investment by VMR - expecting this week De Wittekrans Coal Project - strategic partnership with Indian (possibly Jindal? see below) Botswana Coal Projects - joint ventures VMR increasing their stake to 19.9% note The Company anticipates finalisation of one of the joint venture agreements on its Botswana Coal Projects to be completed in the current quarter. The Company continued with its discussions with a number of Indian based coal and power utility companies and major global commodity trading groups that have expressed interest in the Company's South African thermal coal business and in a potential long-term off-take agreement, strategic partnership and funding and /or joint venture arrangement on the De Wittekrans Coal Project.
thomas_uk
01/5/2013
08:36
Hugo great post, I have been out of it as far as GOO goes can youtell me do they intend extending drilling more in the NMB?
thetoonarmy2
01/5/2013
08:28
The City folk have to realise he ıs for real, and so is the company and it`s prospects after the debacle that preceded him.
valentine
01/5/2013
08:02
So far RB has done well. A breath of fresh air.
cockney sparrow
01/5/2013
08:00
One of the very first things rudolph did was to apply for the environmental permits in august last year. Now that is a ceo that is on the ball. Three cheers for rudolph. Nlmbidc
nlmbidc
01/5/2013
07:49
CS, I think Charlie mentioned last night that we had already applied for environmental permits to carry out further seimic. Whether these were in the right area or not I don't know. Being optimistic on the availability of a ship and the eagerness of Union to get started, I supppose we could be looking at the fourth quarter for seismic, but that is purely an optimistic guess. It could go into next year. Don't forget that it will be up to Union O&G to decide how rapidly to move forward and the work will not have been in this year's budget. As an analogy, look at Vale and XX1 - zilch happening!
the guardian
01/5/2013
07:38
martin, if Union O&G were to say drill 3 wells at no cost to GOO and prove commercial finds in all three, we would have no problem in obtaining a loan to develop the field. That is probably a few years away anyway. Drilling permits are likely to take at least a year to obtain.
the guardian
01/5/2013
07:35
TG, Do you have any idea on timeframes?
cockney sparrow
01/5/2013
07:29
2trying - also, if you look, you'll see that the average estimate is 2bn barrels, but the chance of oil actually being found at each prospect is given as about a third, so the statistically expected amount of oil to be found is in the region of only 600 million barrels.. of which 120 million would now be ours. And once it's found someone has to pay the development costs to bring it to production, and GOO'd presumably be due to pay for 20% of that, as the recent deal only covers exploration.
martinc
01/5/2013
07:19
Another point to note about this deal is that 50% of the farm out was from the sale of Plectrum Petroleum LTD which doesn't need to wait for gov approval like the remaining 30%. I'm sure we all remember how long the approval took for XXI and that held things up a lot. With 50% already a done deal Union can get cracking almost immediately I would have thought.
boomorbust2
01/5/2013
07:08
Thanks TG for the update.Hugo good post as ever.
majja
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