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

Thats more like it, brilliant clarity of the situation now. The management must have seriously taken on board some comments regarding 'communication problem'. They know it will benefit them as well as us!

http://www.goldoilplc.com/docum/Annual_Report_2006.pdf

worth a read a lot more detail for interested people. brazil blocks still negotiating for further exploration and confirms interest in bidding in r8 november for more blocks.

Now in the header.

Annual_Report_2006.pdf

cheers baz
GOO web has been updated.

http://www.goldoilplc.com/newpreports.html
http://www.goldoilplc.com/colombia.html

i read in the report still seeking more high potential opportunties in Peru- interesting still some big blocks up for grabs.

Up 5% should get news today.

seem to hear such prognostications from one poster or another almost every day ..... guess someone will call the timing correctly one day!

cynic
The company have said them selfs an RNS is imminent, the news is out already any way its on there Web Site we just need an official RNS to let the city know.
And stop using those big words.

wll u can understand them, so that is sufficient!

I hope they have solved the problems before they release the rns otherwise the city will not be as keen as it should be.

CYnic

yes, big word indeed, I have to check it first. here is something to help

PROGNOSTIC: a sign or indication of a future event; a forecast; a symptom. foreshowing, indicative of something future by signs or symptoms.

PROGNOSTICATE: to foretell from present signs, to foreshadow, to presage, to betoken.
prognostication..........noun.
best luck

cynic
I can understand them I was thinking that other posters who may find your posts problematic.

georgetrio
Cheers george.

Whats a noun ???
A french nun!!!

patisear

noun = name but not a french nun even though they are lovely people praying for us to make a lot of money. cheers

what happened there?.

driver ..... if they can't understand my posts, they can't disagree with the contents either! ..... known as emasculating potential opposition ... lol!

cynic
smart thinking, well i can not disagree with this one either because of the big word: emasculating potential opposition. have to check that one too. i hope Goo does not come up with difficult words like these in their news. Cheers.

1 million delayed buy at 11.32am.