Gold Oil - Is this Black Beauty ?

Hi
GOO are looking for the pot of Gold
LGB said they had found it.
Thats the difference

Frank1e - 22 Dec'05 - 23:17 - 3437 of 3439


"Have looked at this company in detail and LGB comes to mind, hope I'm wrong"
Do you know how to read a balance sheet ! I suspect not, otherwise you would not have written such rubbish. What on earth would connect an oil exploration company with a so called investment company who all of a sudden found this pot of gold in Brazil....See my views on LGB thread. (I was never a LGB shareholder but could see the warning signs and wrote about them before the collapse). As for Gold Oil this is a pure speculation, but so were all oil companies at some stage in their life. I increased my holding by 134500 this morning and am quite happy to forget about this for a year at least. My first ever share was in a company called OIL SEARCH in Australia. I waited many years before they found oil. If you want to read a great balance sheet of an oil company then I suggest you look up their web site. They have a very successful operation in Papua New Guinea make good profits and pay dividends.
I will increase my holding in GOLD OIL in the new year if I can purchase further shares around the current price of 3.35p. For the benefit of other who read this thread Frank1e should explain what he read in the Gold Oil accounts to come up with these words of wisdom. As a pure speculation Gold Oil is as good as any other looking for oil in S.America.
SM