Gold Oil Share Discussion Threads

[pennstreet] 07/5/2013 13:17

what impending news ?

[nlmbidc] 07/5/2013 12:53

This board is quiet today considering the impending news!

[5310carraroe] 07/5/2013 08:22

Surprised to see share price drift back

[cockney sparrow] 07/5/2013 07:45

Let's see what today brings.

[lean5gb3] 06/5/2013 22:04

...Mike. check your property deeds. I'm afraid what's underneath, is not yours.

[grahambr] 06/5/2013 17:28

Mike no one mentioned cash !
OK I'll get my monopoly money out and send it round.
I'll send round the morris dancers with the maypole adapted drill bit and get started straight way.

[charlie81] 05/5/2013 22:56

mike, i would to like have some of whatever you are on. 81.

[hugomaracuya] 05/5/2013 22:55

But I fear Graham might have "twigged" by now though.

[hugomaracuya] 05/5/2013 22:54

Is that what you would call a "root and branch" survey?

[mikestamp] 05/5/2013 21:33

graham, i've had the 3d seizmic done.

Stratigraphic control of the reflecting boundaries was carried out with the use of local logging data, well-velocity survey and sonic logging of woodland area.

Mapping was prepared on the basis of target reflecting boundaries with the use of slowness maps and interval velocity maps.

Seismic results have determined the complexity of the woodland configuration. The seismic data interpretation identified that the potential gusher field splits into four separate domes within the boundaries of the woodland area from south-west to north-east.

I would prefare cash.

[charlie81] 05/5/2013 17:33

would find it hard to believe that we would have taken on nbm without knowing we would be getting the license extension. surely? 81.

[nlmbidc] 05/5/2013 16:22

My view is that it would be more attractive with the other 80 percent of z34.

Everything we have seen from rb is to grow the company.

The z34 deal was to free up some cash and reduce our liabilities.

Rb can now explore other avenues to increase revenue. E.g nancy 2 or some new acreage. Of course an nbm extension would be a key requisite for nancy 2.
Nlmbidc

[grahambr] 05/5/2013 15:56

Mike have you done the 3d seizmic to prove its there. If so I'll take it.

Nlmbidc the company has to be in an attractive position to sell. Its just a case of what scenario it would be sold in ...

[mikestamp] 05/5/2013 10:19

I have a small area of freehold woodland at the back of my house, potentialy there could be oil down below. Its yours for 500k.

[nlmbidc] 04/5/2013 23:38

grahambr,

The Z34 farmout announced this week suggests anything but a buyer in my view.

[grahambr] 04/5/2013 19:50

Very biased and uninformative publicity on the deal.

It leads me to the next conspiracy theory that we are being led into a buyout at exceptionally generous terms to the buyer.

As I said earlier the "hidden values" are never mentioned and GOO only valued at 20 million. Sooooo for instance a buyout at 6P seemingly a great premium to the current (unmoving wonder why) share price would represent about a quarter of the current "hidden value" (vale plus 100 - 200 million carry).

Curiouser and curiouser

IMHO

[pembury] 04/5/2013 16:22

Another media report saying the deal is worth a total of $6m.



"Latin America-focused Union Oil & Gas has taken an 80% chunk in Block Z34 off Peru for a total spend of $6million".

Not even a mention of the carry.

[grahambr] 03/5/2013 21:47

Its a cutthroat world, every man for himself. I suspect that most of the sales are the short termers who got in over the last couple of weeks bailing out. Its unlikely that our .75p privileged buyers would sell out (for 100% profit) as they would be shooting themselves in the foot.
This pattern is typical , and I have seen it many times. Short termers and the panickers will be mopped up. Next comes the comprehensive report on the progress of Nancy (possibly making GOO cash positive) , followed by details of Z34 plans , details of VALE XXI carry. Predictions of share price which were 10P short term will be re-rated.
GOO currently valued at 20 million quid - Nancy should bring 10 million quid a year income alone , the VALE carry worth 10 million quid , Z34 100 million ? 200 million ?

So how does the value look compared to a virgin explorer.
This is the grossly undervalued, and will be realised in the near future IMHO.

[charlie81] 03/5/2013 20:48

pete, I hope our main shareholders are hanging onto there shares, this was partly set up so that they held sway over anything that had to be voted upon, ie keep bell at bay. 81.