junglegold
13 May '13
it might. Spudding doesn't usually though.
JUNGLEGOLDPosts: 13
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| Price: | 1.73 |
PERU DRILL
11 May '13
COULD HAPPEN AS SOON AS THIS QUARTER
THAT WILL FINALLY GET THE SP MOVING
IMHO
reggie72Posts: 1,631
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| Price: | 1.75 |
GOO
10 May '13
950K Buy and the price don't shift.
DJ
9 May '13
As I told you; sp was depressed as a result of the delist that came around the time of the board appointments that sparked the shareholders revolt. Delisting does that. These are now in a very oversold state as a result of that, but when the value and potential are realised then the sp should go way above.
GOO
9 May '13
Why is the SP so low then? there must be some hidden secrets about GOO that we dont know about but the large investors do.
Roknut
9 May '13
There is a lot of value here. The market lost interest after the shareholder revolt and the delisting, and when it relisted, a lot of people got out, sending the price far below the value. It could take some time to get to the sp anywhere near the value + the potential, However, when it does, the target sp is very good.
reggie72Posts: 1,631
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GOO
8 May '13
Agree. CPR on NBM would value the asset at more than the current mkt cap of the company on it's own- reserves about 8-10m barrels. So basically the cash, XXI $10m carry, Z34 $100m+ carry and Rosa Blanca are worth zero (in talks about a deal- farmout or sale?).
RoknutPosts: 114
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reggie
8 May '13
Thanks - it looks to me that this company would be good value just on Nancy Burdine alone....
reggie72Posts: 1,631
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GOO
8 May '13
By the way the Nancy 2 figures of 1,000-1,500bopd are from the company presentation- not me.
reggie72Posts: 1,631
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Roknut
8 May '13
Production comes from three wells on Nancy and Burdine fields and top end is about 700bopd. They have a fluctuating flow on Nancy which and a few technical things to resolve on Burdine that have potential to flow higher. I would guess a major part of the plan is to drill Nancy 2 which could yield 1,000bopd as Nanncy 1 well is on the edge of the main reservoir. I believe NBM has very good potential and GOO now hold 100% of the license with good reserves in place and exploration upside.