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

GOO usually keeps its promises, maybe today or monday. investors are easy with goo because they know what Goo can do. not easy to wait for news though. Fingers X and best luck

was not aware that GOO had promised any imminent RNS ..... but then i'm pretty dozy at the best of times

GOOD morning cynic
will wait till the news is out. excellent news will be cool

do not forget or disregard Goo. Must keep my eyes wide opened.

Just logged on to see a red screen. Very disappointing but not surprising really until we get some updates.

Mmh, interesting... the MM's lower the offer price from 11p to 10.5p yet the bid price remains at 10p. Why is that, I wonder?

A strange day I,ve got some large blue but don't know why. Come on GOO and make the day superb!

mark , no buyers at 11

There is a news update on the GOO website due later today!

where did you get that info from?

RE-UPDATE-Hope it's better than.....September 07, 2006
Everything ready for start of production. Only ministry approval required which is expected early next week!!!!

Update was from Michael Burchell!

Its got to be about 11pm, same as previous ones, to ensure US markets don't have the advantage.

ah ... many thanks ..... 1292 gives some clarification too ..... will be past my bedtime i expect so will see in morning over breakfast ...... hope it doesn't make me spill the coffee

probably delays on nancy imo. dt014 how do you work that out?. goo are not listed on US mkts so if they want to buy/sell shares they will have to do it in UK trading hrs.

would certainly explain drop in sp towards close in London

Why exactly is that, Cynic, please expand further, sir....?

Maybe Fliper's re-entry target price of 10p is realistic, after all, or will he have missed the boat by Monday morning?

merely that if RNS is indeed forthcoming and delay in production is announced then, guess what, it has been leaked to a few

Website is being updated now, but we had another delay
on Nancy (pump broke). We are trying to issue a
statement on San Alberto and Nancy at the same time.
Sorry for the inconvenience, but you should experience
how I feel about it.
Regards
Gary

Oracles??

so does this mean we have colombian approval to start production at nancy and then the pump broke? So it is not all that bad news then! At least we can start production at nancy once we get the pump sorted.