Gold Oil Share Discussion Threads

[grahambr] 13/5/2013 18:47

Oildon
Also we don't yet know the full worth of the carry.
It could be a lot more than £100 million in the correct circumstances.
I believe it is "dynamic" in as much as the carry is at the will of our carriers.
They will upon investigation do seismic and/or drill. Drilling is very expensive.
Of course as mentioned they may pull out in certain circumstances (but we keep the cash)

[grahambr] 13/5/2013 18:42

Oildon I am valuing the carry on the amount of work to be done , you are correct that I should take 20% of that. Of course that value does not take into account 20% of 2.6 billion barrels of oil if recovered (on current 3d only not the rest of the plot).
All in all I still think GOO in its current position is seriously undervalued, but of course the market doesn't !

[oildon11] 13/5/2013 18:15

Graham were did you get 100 mill from our carry is worth 20% so are you sugesting uog are going to spend 500mill??

[mikestamp] 13/5/2013 17:50

Cash is king, how much have they? what is the burn rate and how much is coming in ?? Untill the market has some substanciated answers your 'value' means nothing.

[pembury] 13/5/2013 16:25

i think that is highly unlikely at this rate!

1.55p

[oildon11] 13/5/2013 16:01

And will more than likely have a negative affect on the share price fed up with this nightmare!

[hugomaracuya] 13/5/2013 15:25

SA Oil. We should get an update of all our projects in the annual report. That is due at any moment.

[an1mal] 13/5/2013 15:16

Rest easy CS - it'll all come out in the results statement. You killed any more veg recently?

[cockney sparrow] 13/5/2013 14:50

I have decided to not post again until 2.5p. At this rate even though we have so much positive going on that should have easily pushed the share price up, it looks like it could be a case of "See you all in a few years!".

[grahambr] 13/5/2013 13:28

Guarantee there will be big buys before the days out.
This pattern will continue until "folk" have piled up with their millions of shares, and then the RNS will come. imho

[mcgrath703] 13/5/2013 12:26

Victor Meldue. I cant Believe it ! That's life with Gold Oil maybe we will have an offer soon 0.0000000001 I still wont sell.7 yrs another 7 yrs
We will have our day. Cant tell u when

[joetricky] 13/5/2013 10:52

Another sizeable sell. 1mil just gone. Can any of you guys with DMA confirm if that 1mil has the same broker ID as the four 500k sells on Friday ??

[nlmbidc] 13/5/2013 09:07

License extension of nbm is the most important bit i suppose.

Current license expires in 2015 if memory serves me correctly.

Nlmbidc

[an1mal] 13/5/2013 08:52

Reckon they'll save the money and wrap up the good news in the update to accompany the year end results - let's be honest, the figures otherwise aren't going to be pretty.

[nlmbidc] 13/5/2013 08:42

Well based on the goo website update its almost certain that Goo have doubled their income from nbm.

At the end of january we had the equivalent of 290 bopd (58 oercent of 500 bopd).

We then gained the other 210 bopd when we acquired 100 percent.

With the increased production referred to on the goo website we would only need to increase production by 80 bopd to double what we were producing at the end of january.

That must be worth shouting about with an rns.....


Bring it on.

[southamoil] 12/5/2013 20:25

When will be hear news from 30% XX1 well?

[nlmbidc] 12/5/2013 19:02

Apart from increased production from nbm goo will also announce a license extension followed by nancy 2 drill.

We could be producing 2000 plus bopd by then.

That would produce an income of about 70000 dollars per day. We would then be able to invest income elsewhere.

Nlmbidc

[oildon11] 12/5/2013 17:16

Erm it doesn't just say stake increase in NBM it aslosays work overs have been completed to increase production on all 3 wells!!! I wonder by how much must be saving that bit for an rns update??