X

Get our occasional Market Report emails

sent straight to your inbox

There’s no charge for this.

Getting latest data loading
Home / Gold Oil Shares

Gold Oil Shares

Gold Oil, renamed Baron Oil in July 2013, is an Oil and Gas E&P (exploration and production) company which is both registered and headquartered in the United Kingdom. The company’s shares are currently listed and tradeable on London Stock Exchange via its AIM  – Alternative Investment Market.

The company recently changed direction, shifting away from the higher-risk and very capital-intensive deep-water exploration an effort to concentrate more on lower/ medium-risk exploration prospects, especially in areas that one develop and monetise quickly, and relatively cheaply.

At present, live projects include the UK North Sea, Peru and South-East Asia. Interests/stakes range from 8-100%. For UK Offshore (Wick, Colter) it’s the lower end of the range (8-15%), rising to 25% for a joint venture with SundaGas of Singapore in SE Asia to the full 100% for Peru offshore (El Barco).

When Gold Oil was founded back in April 2004, it sold shares publicly in a July initial public offering (IPO) for the equivalent of 4.25p a share. This allowed the company raise a shade more than £400K which valued the company just north of £10m. Around 2 years later the shares hit a 17.8p peak and a rather more impressive £42m.

Management last raised money from the financial markets in Aug 2014, selling another 200m new shares (15% capital increase) at a price of 1.45p/share, in order to raise £3m to pay for general working capital purposes.

The Oil and Gas exploration business is expensive, especially when deep-water environments are involved, which requires very specialist equipment. Those who operate in the sector are constantly scouting for new possibilities, however, the business model still relies on succeeding in converting and developing existing projects into cash generators, in order to fund the next once. Keeping the ball in the air, cash-wise, until you strike it lucky.


img
Latest Trading Opportunities

Week in Advance: Monday 25th - Friday 29th March 2024

View Friday 22 March 2024

Upcoming UK100/250 Dividend List

View Thursday 21 March 2024

Week in Advance: Monday 18th - Friday 22nd March 2024

View Friday 15 March 2024

Upcoming UK100/250 Dividend List

View Wednesday 13 March 2024

Week in Advance: Monday 11th - Friday 15th March 2024

View Friday 8 March 2024

Get our Market Report emails sent straight to your inbox

Don’t miss out on regular trading opportunities!

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
.