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Latest Share Chat
Gold Oil Share Chat (GOO)
| Share Price: 1.65 | Bid: 1.60 | Ask: 1.70 | Change: 0.00 (0.00%) |  | ||||||
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Share Discussion for Gold Oil (GOO)
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GOO
19 Mar '13
given Goo are only valued 17m then any deal will be significant, obviously we hope the deal reflects the positive seismic results.
Thanks for that.....
19 Mar '13
...summary Reggie. I was here last year for the rise to 7.5p+.
I was basing my guess of 75 million pounds and drill costs on a relatively poor deal for Goo.
I'm glad you've remembered the 150 million dollar talk from last time we were in the position of possible farm out.
Either way if a farm out happens it's 10p+ per share.
Plus, in the backgound there is always the 500 bopd to give cash flow.
The periodic big buys suggest the new MD is actively persuing the farm out deal.
I was basing my guess of 75 million pounds and drill costs on a relatively poor deal for Goo.
I'm glad you've remembered the 150 million dollar talk from last time we were in the position of possible farm out.
Either way if a farm out happens it's 10p+ per share.
Plus, in the backgound there is always the 500 bopd to give cash flow.
The periodic big buys suggest the new MD is actively persuing the farm out deal.
VCB2
19 Mar '13
BPZ farmed out Z1 which is a more advanced block to the north of Gold Oil for $340m for 50% sale to major Pacific Rubiales. That wont happen but speculation last year was Gold were after a two well carry deal plus cash which would be north of $150m. Perhaps in the nr term they might farmout a smaller minority deal for cash and carry for next phases?. It is clear that there are some big investors sniffing around offshore Peru with that farmout, Savia Peru investing over $800m in Z36 and Karoon confirming they have over 10 companies interested in investing in Z38, noext to GOO's Z34. Add to that Gold are oil producers makes an interesting mix.
Someone knows something....
19 Mar '13
...as these 3 million and 8 million buys aren't accidental presses of the 'deal now' key are they?
The famous phrase goes something like 'follow the big money' so that's just what I intend to do with Goo.
The famous phrase goes something like 'follow the big money' so that's just what I intend to do with Goo.
Reggie....
19 Mar '13
...I was thinking Petrobras perhaps.
What do you think that Farm Out would bring Goo?
My view is 75 million. Is that unrealistic in the present climate?
What do you think that Farm Out would bring Goo?
My view is 75 million. Is that unrealistic in the present climate?
GOO
19 Mar '13
I think given the figures the big boys will be interested. Exxon and Shell and other large majors are looking at taking assets or interests in Peru.
Even a bargain basement farmout...
19 Mar '13
.....could bring in excess of 75 million plus drill costs. This would catipult the share price well into double figures.
Obviously a bigger partner would bring even more capital to the table.
Am I wrong in thinking that after positive 3d seismics that this is just a formality?
Obviously a bigger partner would bring even more capital to the table.
Am I wrong in thinking that after positive 3d seismics that this is just a formality?
GOO
19 Mar '13
When you think Savia Peru have just announced they will spend $807m on developing offshore block Z36 it makes you wonder what Gold Oil could get for a farmout. They hold 100% of Z34 with 3D seismic confirming a P50 of 2.2bn barrels and it's ready to be drilled.
JUST BOUGHT
19 Mar '13
108864 AT 1.58 showing as a sell
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