Gold Oil Share Discussion Threads

[pennstreet] 19/6/2013 15:50

I believe in "double bottoms" - i'll even believe in "triple bottoms", if it can shift this thing higher !!

[hugomaracuya] 19/6/2013 15:47

Does anyone believe in "double bottoms" ? We have one, so could that mean we now zoom up to about 1.65-ish ? Or will we go down a bit more to 1.4p, then up to 2p-ish ?

[boomorbust2] 19/6/2013 14:42

Thanks nlmbidc.

[nlmbidc] 19/6/2013 12:54

Half year results was 28th september last year. Presume it will be about the same this year. Nlmbidc

[boomorbust2] 19/6/2013 11:30

Rb stated further updates along with the interim results. Anyone know when that is?

[pembury] 19/6/2013 10:41

CS. Agree in what you say, although if GOO can get to around 800bopd (not there yet) in the months ahead that will be big news for the cashflow!. The top end of the range for the current Nancy Burdine well workover programme is 1,230bopd so 800bopd very possible for a low outlay with potential significant returns, to add to all GOO's full exploration carries on their other assets on XXI, Z34 and Rosa Blanca.

[nlmbidc] 19/6/2013 09:49

I think the report that gattaca put up a week ago stated that we are producing about 360 bopd from nancy. That we may be producing around 1200 bopd within a few months is something that not too many new investors are aware of. GrantK is clearly an exception to this rule. A name change to baron oil, the announcements that go with it and the related broker notes will take the price to where it should be. Nlmbidc

[the guardian] 19/6/2013 08:55

I agree CS, we are grossly undervalued but we are back into the time of year when nothing seems to move. We need increased production news to get this going but who knows, we should be moving up now. GrantK, you made a wise decision. This company has seen more progress in the last five months than it has seen in the previous five years. It's only a matter of time. I just wish that I had some cash left to buy more. My average is 4p so you have entered at a very good price.

[grantk] 19/6/2013 08:48

That share price attracted me after the final results With so many free carries looked good for investment Time will tell

[cockney sparrow] 19/6/2013 08:29

This might sound like I'm in broken record mode but I can't believe our SP, based on the fact that we are debt free, we are producing oil at a rate of approx 800 bopd which could increase after the current workover programme, we have revenue, we have plenty of cash in the bank, we are debt free and still have untapped acreage to develop. If the company continues to be managed in the same way that it has been since we obtained new management we can't be far away from being profitable or we are already a profit generating business and yet nobody seems to be aware of this potential gem.

[the guardian] 19/6/2013 06:30

Down to one year! The guy that does the permits must have upped his work schedule to two days per week.

[gattaca] 18/6/2013 23:35

Anything which speeds up the exploration of Z34 is a good thing. Peru seeks investments of nearly US$1bln in Amazon Oil Auction Lima, Jun. 17 (ANDINA). Peru's government aims to attract more than US$1 billion in investments in an upcoming public auction of 26 oil concessions in the country's Amazon region, a top government official said. Moreover, he said Perupetro is also looking to shorten the permitting time for oil exploration. Peru's private sector often points to "red tape" as a major obstacle to advancing investment projects. Thus, the government is looking to modify regulations to establish a clear timeline for the approval of permits. Ortigas said the changes are expected to be ready before Perupetro awards the nine offshore oil concessions in October. The new regulations will set a deadline of about one year for the approval of a key environmental permit, he said. Currently, it can take oil companies up to three years to receive that permit for exploration.

[nlmbidc] 18/6/2013 20:24

Redhill http://uk.advfn.com/news/UKREG/2013/article/57991405

[redhill] 18/6/2013 20:19

Have they published any accounts & where can i access them?

[the guardian] 18/6/2013 16:54

Further on than that An1mal, it's the biopsy.

[an1mal] 18/6/2013 16:18

Less invasive than a DRE....oh, joy. Good luck TG.

[the guardian] 18/6/2013 15:02

nimbidc, I was keen on going but it looks like I may have a hospital appointment. Never take a PSA test, it's the road to anxiety and stress.

[pembury] 18/6/2013 14:31

JR you couldn't make it up!

[nlmbidc] 18/6/2013 14:18

Anyone going to the agm? I am thinking of going, but not sure yet. Nlmbidc

[nlmbidc] 18/6/2013 14:17

Hugo, You will have the thought police after you....

[hugomaracuya] 18/6/2013 13:43

Pem. .... and there was me thinking it was JR B*ll is a asso .... but thought you had bad grammar, and missed out the 'le' off the end. Ah well, never was much good at crosswords. :)

[cockney sparrow] 18/6/2013 11:16

Very good Pembury.