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GOO Gold Oil

1.45
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
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 0.00% 1.45 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Gold Oil Share Discussion Threads

Showing 32226 to 32250 of 32575 messages
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DateSubjectAuthorDiscuss
18/6/2013
06:36
If anyone is interested the company will be doing a presentation at the AGM. I think we need Warren Buffett to buy a few!
pembury
18/6/2013
06:21
Hugo, I asked Rudolph about the name change and he said that not only does Gold Oil have a bad reputation but so does Invepetrol - which was my choice. I wasn't keen on the name but I'm coming around to it.

As Rudolph said in the annual results statement, it feels like a new company starting out and so it's an appropriate time for a new name.

Rudolph is doing a great job, so if he likes the name Baron Oil, then he has my support.

The epic may not be BOO, it could be BOIL!

Charlie, I think that your post did the BOD a disservice.

the guardian
17/6/2013
23:04
Fully agree with what you both say. I s'pose you just get attached to a name when its been on your screen for many years .....
hugomaracuya
17/6/2013
22:30
Hugo, Gold Oil have a very bad rep in SA/Colombia. I am voting yes yes and yes. Name change is fine with me!
valentine
17/6/2013
22:05
I think changing our name will entice some new investors and give the company the fillip it needs.

Once new investors cotton on to the near term potential they will buy in and the share price will rise.

That's my take on it anyway, for what its worth.

nlmbidc

nlmbidc
17/6/2013
21:23
nlmbidc. I shall be voting yes aswell, on all except maybe the last one (change of name to Baron Oil). Its not dreadful, better than Blitzen, but I have taken rather a liking to our name Gold Oil, even if the name doesn't have such a good standing in the markets.

If we continue our outstanding turnaround, remarkable recovery and continue to thrive and prosper, then I would be quite proud of the name Gold Oil, and it would serve as an excellent example of what can be done with the right directors in charge. By merely changing the name, I don't think people will simply forget our history. They will probably always remember it was GOO. Will it now be BOO? :)

But I will have to think about that. Maybe I might abstain, not wishing to vote against RB's incredible work to date.

hugomaracuya
17/6/2013
20:49
barren oil may reflect our company better.
Unproductive of results or gains; unprofitable: barren efforts. See Synonyms at futile. 4. Devoid of something specified:
and the share price continues to drop, incredible. 81.

charlie81
17/6/2013
20:28
Glad to see the company is changing its name to Baron Oil.There have been many false dawns with this company in the past, but for the first time in three years I am feeling confident about Gold Oil once again.
stephanie_m
17/6/2013
20:18
Thanks nimbidc, I will be voting yes to all.
the guardian
17/6/2013
20:15
Voting options:

To receive Accounts
To re-appoint Jeffreys Henry LLP as Auditors and to authorise the Directors to determine the remuneration of the Auditors
To re-appoint William Colvin as a Director
To re-appoint Camilo Merendoni as a Director
To authorise the Directors to allot equity securities
To disapply statutory pre-emption rights
To change the name of the Company to Baron Oil Plc

Vote by 21st June.

nlmbidc

nlmbidc
17/6/2013
20:06
It looks like we get to vote on a company name change from Gold Oil to Baron Oil at the next AGM.

I am all for it and it will get my vote.

GLA

nlmbidc

nlmbidc
17/6/2013
19:07
Oildon, I hope that you are right because when the Burdine wells were mentioned in the annual results, I got the impression that cleaning up the wells would be in the short term but by no means imminent:

After evaluating the well by well mechanical conditions and their potential by-passed oil layers, three wells have been identified as being capable of producing oil from either the U or N sands in the Villetas formation. A work over program is underway starting with the B-5 well which is designed to increase oil production from the U sand (expected to be approximately 100 bopd) and to perforate and test the N sand. This N sand has never been produced in the field and we are forecasting a flow rate potential of up to 200 bopd. In addition a long term test campaign is scheduled to begin in the first week of June on both the B-2 and B-4 wells which we are forecasting could potentially produce 150 bopd per well.
Earlier this year the B-1 well steadily started to increase the produced sediment and water content and subsequently stopped flowing completely. A workover rig was in the field and we moved it over to the B-1 well and discovered a major mechanical obstruction at 2,200 feet which had compromised the casing integrity of the well. Currently B-1 production has been suspended awaiting arrival of a larger workover rig into the area to repair the production casing to allow oil production to re-start.
Since field activity resumed late last year we have been working very hard to maximize the value of this highly prospective asset and have also increased our ownership interest in these fields to 100% by investing a further $0.9 million. We are excited by the potential to substantially increase oil production from the current levels across these fields using modern well completion techniques and the vast quantities of historical data we have acquired over the years. We will give an update on the results of our technical and field work to shareholders when we issue our interim results later this year.

the guardian
17/6/2013
12:40
just back form the hols, good news about probable production figures, shame about the share price thou. oh well. patience is a virtue and all that. 81.
charlie81
17/6/2013
12:01
Oildon11 - we're all topped up already - between us on here we've probably got 10-20% of the company: doesn't take many holders of 0.2% to make that up. If I had more funds I would but more, but we're all going to be rich enough when our day finally comes and the oil starts flowing....yippeeeee!
an1mal
17/6/2013
11:39
Production of 1000+ bopd to be announced anytime !!!an thats straight from the horses mouth !! With our mrkt cap!!! Really surprised at the lack of buying/topping up!! How much more of a buy indication do we need !! Goo is now a ticking time bomb there will be a lot of watchers kicking themselves come first week in july!!
oildon11
17/6/2013
08:51
Despite the wide spread shown on ADVFN, for 100k trades, it is currently 1.54 to buy and 1.49 to sell on Barclays.
the guardian
17/6/2013
07:25
2 trades of around 20k


1.46 to sell

1.69 to buy

nlmbidc
17/6/2013
06:35
Great assets, great BOD. All we are short of is an share price that reflects our current and future value. It would be nice to see it creeping up slowly from here now that the bad news is behind us.
the guardian
16/6/2013
13:29
With oil prices nearly $100 per barrel it will be a very good time to increase production as Gold Oil are now focusing on.
pembury
15/6/2013
19:09
Hence why they have a new bod. From the RNS;

'We now have a balance sheet that only recognises clear value in our exploration and production assets. Coupled with the fact that the company is now carried on all it's exploration ventures, we can expect to see positive results in both net income and cash flow in 2013 and beyond'.

2admiral
15/6/2013
18:43
Hi good people , me again , puzzled .

Now on another bboard , someone asked why the admin expenses
had rocketed .

So I had a shuffty . Really don't understand .



Now , if you go approx 1/3 of the way down to

9 - Consolidated Income Statement .

You will find "administration expenses"
(£1,002,000) for eight months 2011 .

risen to

(£3,276,000) for twelve months 2012 .

Well over double .

Why so?

I'm sure there is an obvious explanation , and
it's just me being thick !

Thanks in advance for replies .

2trying
15/6/2013
17:39
I think this workover programme will keep them busy for a while. Good thing is they can up the anti for lowish costs and give a potential significant boost to cashflow in the months ahead. No chance of them drilling Nancy 2 until extension agreed imho. I'm sure if they do a good job here with this Ecopetrol will support the extension, after all they were keen for the company to buyout the partners I believe which they have now done.
2admiral
15/6/2013
17:33
And then Nancy 2!

Could we drill Nancy 2 without a license extension? or wouldn't it be cost effective for such a short period?

nlmbidc
15/6/2013
15:37
Much of AMER's success in the same basin as Gold Oil's NBM has come from the U sands, which have delivered through perforation. For them significant quantities.

'An interval of 32ft in the U sands was perforated with tubing conveyed guns and the well flowed 1,800 barrels of 31.2deg API oil per day over a controlled choke with 55 psi at the wellhead and trace water'.

Pages 6/7 Drilling 2012
http//www.amerisurresources.com/Amerisur_RNS_17-04-13.pdf

Every well perforated.

Gold Oil will now perforate and test the U and N sands on three wells at Burdine. Hopefully they have saved Goo a bit!


Made a mistake yesterday by not realising the forecast on B5 was for two zones U and N to produce so up to 1,230bopd potential for these wells. Around 1,000bopd would be an excellent result!

pembury
15/6/2013
15:02
Good start, long way to go. Consider Nancy Burdine to be a good project and I don't see any co's on aim producing those levels also with full carries on both Peru blocks valued so poorly. It was a huge milestone hitting 500bopd this year to think 800/900/1000bopd could be achievable is big news for a little company, look at the price of oil!. Of course got to deliver it but fingers crossed it, all production increases help cashflow. 2admiral
2admiral
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