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

It is very misleading for people like myself a novice. You are bound to worry when you see sea of red sells when some of them arent. What I cant understand why it is so far out the price difference on moneyam.

http://www.anh.gov.co/html/i_portals/index.php

click on investment opportunities and then bid rounds.

interested to see which one goo have applied for?. also they are due to bid in Round 8 Brazil Next month for exploration licenses. news flow could get interesting in this Q.

interesting to read vog drilling report- hydrocarbon bearing zones confirmed of 55ft net pay. goo's logging confirms 250ft and 315ft gross of hydrocarbon bearing sands in two zones. next few weeks could get interesting when goo start production testing.

Sea of red again , are the 8.42 buys ? lots of sells ? in the last few days but no movement in the sp .

Fliper see other comments yesterday, I brought up this subject as some are actually buys, the moneyam is not showing them correctly.

not just moneyam.

yes for sure quoted on barclays 8.4p to buy they are playing silly buggers with us again the day before 8.45p buy price show as sells the day before that 8.48 8.49p show as sells when buys the trade just then at 8.49p buy but down as sell.

The mm are working the market . They are picking up cheap shares . No change in the sp is good news .

Hi i now for a fact there buys as i bought 100000 this morning @8.45

GOO 8.25 to sell and 8.40 to buy at the moment online with Barclays so a couple of sells and the rest are buys.

It should read 12 buys and 4 sells .

fliper - They are only cheap if you are confident that the sp will increase.
It is possible that the sp is being manipulated. If the sp drops still further, those people buying now are going to be disappointed & the mms are going to be delighted.
I am still holding but at a slight loss at the moment. Steadfastly resisting the temptation to buy more.

I think the buy price must be increasing last one through was marked as 8.70p.

I just had a little go to buy and i was quoted 8.7 as well . The mm are on to us !

i was going to t25 next week but if this moves to 9p offer i may do it this week. a lot more buyers today as news approaches.

Halifax; Ghost 1000 TO bUY @ 8.49
Ghost 5000 shares to Sell @ 8.25

i have brought 100k today showed as a sell - most are buys - whether its on purpose i don't know

If we put the blue to this , then its a good day with lots of buys .

i expect this to increase over next weeks. a lot of news to come.

You always appear SOOO confident, Lizard - just hope yo are right, that's all!

markus- im not over confident as many things i know can happen. but i would say early signs look promising. may be wrong.