GOLD OIL, the London-based oil exploration company focused on the South American and Caribbean region, announces that in late December 2005, the Company received an Operator Certificate from PeruPetro that allows the Company to carry out seismic, drilling and development operations in Northwest Peru.
The Promotion Licence signed with PeruPetro on October 15, 2004 with PeruPetro for Block XI (now renamed Block XXI) onshore Sechura Basin has been converted to an Exploration and Production Licence. The Licence now goes to the Ministry of Energy and Mines for approval, which could be forthcoming anytime between February and May of this year 2006.
The terms of the E&P Licence commit the Company to either shoot 120 km of 2D seismic or drill a well in the first period of five over a seven year term. The remaining four periods require the Company to either drill a well or drop the acreage. The Licence is for a term of 30 years for oil and 40 years for gas, with a minimum royalty of 5% on wellhead production for the first 5000bopd (30 MMscfd for gas) rising to 20% if and when production reaches 100,000 bopd (600 MMscfd for gas).

Times Article:
Gold Oil is valued in the market at about �15m. That is so small that almost any good news must have a big impact on the share price.
What are the chances of that happening? Run by a former Burmah Oil director, Mike Burchell, Gold Oil will drill the first in a series of wells in the Sechura Basin in April. There will be surprise if it does not find gas, as another company, Olympic, has done just that in a similar formation nearby.
The secondary target, later in the year, will be oil, I gather. A couple of months ago, Petro Tech made a big oil find offshore in the Sechura Basin. The theory is the oil may have migrated up into Gold Oil�s block. Don�t ask me to explain the geology because I don�t speak Palaeozoic. But a decent oil find here would be a company-maker.
Gold Oil has enough cash to fund this year�s drilling programme. And it already has a deal in place to sell its gas to Mann Ferrostaal, a German company that is building an ammonia plant nearby. Getting all that for �15m seemed a bargain to me. But Gold Oil still has to find its gas.

GOLD OIL http://www.goldoilplc.com/index.html

Plectrum Web Site
http://www.plectrum.co.uk/splash_content.html

Wall Street Reporter Interview
http://www.wallstreetreporter.com/interview.php?id=17724&player=real
Growth Equities & Company Research Nov 2007
http://www.goldoilplc.com/docum/gecr_09Nov07_GoldOil_full.pdf
Gold Oil's Presentation On The 10/12/2007
http://www.proactiveinvestors.co.uk/pdf
Research Page Last updated Oct 23 2008
http://www.moneyam.com/InvestorsRoom/posts.php?tid=10572#lastread
6 AUG 2009 Operational and Reserves & Resources Update Colombia & Peru
http://moneyam.uk-wire.com/cgi-bin/articles/20090806084900H3062.html

Just received it now, Cynic.

Been away since the huge drop and only just got back, what do we make of the RNS's good/bad??? bought in at 14.5 so sitting on a fairly big loss now.

RNS was not good that's for sure, but Parvezi has increased his holding now to 9.5% and I think more RNSs to follow soon

To save me some research time, who exactly is this Parvezi dude, presumably a big-time investor?

Ooh, just noticed the sp is flat level right now and the spread has narrowed to 0.25p. Could be a buying opportunity at 10p soon?

as i understand it, he is a big time poker player who has made loads of splosh, a slab of which he has slung at GOO

More interest in GOO shares

Gold Oil PLC
07 September 2006 1359hrs

FOR IMMEDIATE RELEASE 7 September 2006

GOLD OIL PLC ('Gold Oil' or the 'Company')

Shareholding

The Company were informed on 7 September 2006 of the following:

that at 6 September 2006, Credit Agricole Cheuvreux International Limited
('Credit Agricole') has an interest in 13,615,000 ordinary shares of Gold Oil,
representing 3.3% of the issued share capital.

Iraj Parvizi and Credit Agricole may work together or be the same they both hold large stakes in Futuragene.

laurie squash
Well spotted looks like you could be right.


futuragene PLC
02 August 2006


FUTURAGENE PLC (the 'Company')

HOLDING IN COMPANY

The Company has been informed by Credit Agricole Cheuvreux International Limited
that they are interested in 4,066,500 ordinary shares of 0.5p each in the
Company ('Ordinary Shares'), representing approximately 10.78 per cent. of the
issued ordinary share capital of the Company.

2 August 2006


FUTURAGENE PLC (the 'Company')

HOLDING IN COMPANY

The Company was informed on 15 May 2006 that, following the purchase of 355,500
ordinary shares of 0.5p each in the Company ('Ordinary Shares'), Mr Iraj Parvizi
is the Beneficial holder of 3,825,500 Ordinary Shares, representing
approximately 10.14 per cent. of the total current issued ordinary share capital
of the Company.

16 May 2006

Shame Mr P is probably Iranian rather than Armenian, for he could have been a relative of Mr Gulbenkian (for those of a certain age)!

Cynic don't understand the post, so I must be of an uncertain age.
But boy has it shut up the posts.

jb
Your new b/even is 16.9p since your new purchace, cynic don't bother.

sorry not posting much because i am still trying to get my laptop up and running aat the moment I am currently stuggling to get live stream. back in tough later on.

driver any thoughts on BLR today.
I may well buy if it goes to 0.011p

Dont know much about BLR I think they are waiting for some news that they hope will propel them past the 2p mark have a look at GTL a definite double your money and a possible 5 bagger for the future.

Thanks have given a try

columbia updated:

Status
September 07, 2006
Everything ready for start of production. Only ministry approval required which is expected early next week.

Beat me to it tvc15,great news,should see a rise in sp,IMO.

Beat me to it tvc15,great news,should see a rise in sp,IMO.

nice. its all money. goo's biggest bpd thus far. not huge but its a start. question how many bpd?>