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

tvc15

Thanks for that, my head was spinning with so much good news and couldn't pick any one piece to focus on.
Roll on the next few days!

encouraging updates and plenty happening.

anyone spotted any media for goo's update yesterday?.

Looks there is no media attention today, never mind eh!
Healthy trading so far lots of sells and buy, getting ready for a breakout I reckon.
Notice from large million buys last week have not sold any so far. It is encouraging now.

Latest News From The Web Site October 2, 2006 in the header.

Please do not post on there cheers.
http://www.moneyam.com/InvestorsRoom/posts.php?tid=10572#lastread

.

Driver - great idea - like the research page BUT - would you mind changing the header so that it says "Research thread" - and so does not get confused with the discussion thread.

Thanks

baza
Sorry baz you cant change the title once you have created a thread so I have put it at the top of the page.
Its got no epic so it will get lost but still be in the gold oil header.

if you dont own a fair few gold oil shares in your portfolio then you should! for investors not day traders.

and if you do, keep your fingers and legs crossed lest you get shafted!

Cynic was that one of Tom Bullfords sayings??

explosive

Put your stuff on this thread and I will transfer it over.

Ah well, my screen is all red today but GOO is holding steady - a good sign for the future.

NFDS today and ADA yesterday along with a fair bit of red. But come on GOO!!!!

Janet commiserations on SBT!

Oh well topped up hopefully reduce my average from 14.75 :-(

Topped up as well my average is 9.37.

news flow by the year end;

Peru- XXI drilling/ testing outcome (1m acres onshore- sechura basin)
Peru- Z34 e/p license with Perupetro (1.1m acres offshore- talara basin)
Peru- XVI e/p license with Perupetro
Colombia- possible increase on bpd for Nancy1
Colombia- NBM workovers in progress. possibly complete (total 4 wells- 3 oil fields)
Colombia- NBM further exploration programme
Colombia- applied for new exploration license outcome.
Brazil- Results of bidding for new exploration license in Brazil R8 with jv partner Proen'.
Spain drilling/ exploration outcome.

further acquisitions in South America?

phew busy busy.

Oil price forecasts raised for 2007 on rising demand

http://www.thestandard.com.hk/news_detail.asp?we_cat=10&art_id=28633&sid=10214623&con_type=1&d_str=20061004

try forecasts of a cold winter too

There are sellers trying to manipulate the MM to get in on the cheap before next big rns. The buggers!