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

No real news expected from VOG for a week or two from memory

Driver, any chance you can put these 2 charts in the header in place of the AFN ones.....

Do not put any spaces between the 2 charts (eg >< and not > < ) and then they will be on the same level, and not on top of each other :

a busy summer ahead for goo!.

The worry for me is the politics in South America, looks like most of governments
are starting to lean way to the left, hard to know where to invest safely nowadays... Think I prefer AST for safety, maybe not as much potential.

diamonds - do not confuse the left wing governments of Bolivia and a few others with the more capitalist inclined and/or stable regimes of the likes of Colombia (surprisingly good credit risk nowadays) and Brazil and Paraguay

exisiting administration in power until end of july. according to daily mail today goo board flying to peru to finalise sechura drilling deal and hopefully come to agreed terms on talara. better to get the negotiating done now than in a few months time imo when takeover in place. don't forget goo are employing local contractors for drilling.

PapalPower
Chart done cheers it does look better.

from another bb.

http://weblogs.elearning.ubc.ca/peru/archives/026212.php

it appears front runners Humala and Garcia have a different view on Bolivia. well we hope.

it appears full license granted yesterday on sechura. also full license to explore Z34 offshore block (was getting concerned as this was due to expire in june). news from perupetro signed thursday pm.

expecting rns today.

if signed and sealed yesterday, am surprised there is no rns overnight ...... just about arguable that rns will come when US and/or South America get out of bed

as usual cynic- usually after or around 11am. may include nbm if comes?.

From Rigzone yesterday -

PeruPetro to Sign Four E&P Contracts Thursday
BNAmericas Thursday, May 04, 2006


Peru's hydrocarbons promotion agency PeruPetro will sign four E&P contracts with two companies on Thursday for blocks 118, 119, 120 and XXI, the agency said in a statement.
US oil company Amerada Hess (NYSE: AHC) will sign the contracts for blocks 118, 119 and 120, which are located between Loreto and San Martin departments, Loreto and Ucayali departments and Loreto and Huanuco departments respectively, according to the statement.

British oil junior Gold Oil will sign for block XXI, located between Piura and Lambayeque departments.
Amerada Hess currently holds contracts for blocks 64 and 101 in the Maranon basin, while Gold Oil is exploring for hydrocarbons in the Z-34 block in northeast Peru.

PeruPetro also awarded the E&P contract for block B-04 in the northern Maranon basin to a consortium of Canadian oil companies Loon Energy (TSX: LEY) and Tusk Energy (TSX: TSK).

http://www.rigzone.com/news/article.asp?a_id=31862

The link.

L2 3 v 1 @7.5/8

Topped up at 7.80

279k trade buy @ 9p.

Gold Oil PLC
05 May 2006




FOR IMMEDIATE RELEASE 5 May 2006


GOLD OIL PLC ANNOUNCES THE FORMAL SIGNING OF ITS BLOCK XXI LICENCE

Following from the Presidential and Ministry of Energy and Mines approval of the
Gold Oil's Block XXI Licence, the award of the Licence was formally gazetted on
the 20th of April 2006.

On 4th May 2006, Gold Oil formally accepted the terms of the Licence by signing
the Licence at a ceremony in Lima, chaired by the Minister of Energy and Mines.

Speaking after the ceremony, Gary Moore, Managing Director of Gold Oil PLC, said
that the terms of the licence and the long term attraction of Peru for the
exploration and development of oil and gas meant that the signing has confirmed
our commitment for immediate exploration on Block XXI.

Enquiries:

Gary Moore, Operations Director on +44 (0)173 7833597
Email:
gmoore@goldoilplc.com

Mike Burchell, Chairman on +44 (0)1372 361772
Email:
mikeburchell@hotmail.com

Roland Cornish, Beamont Cornish Limited on 020 7628 3396.


This information is provided by RNS
The company news service from the London Stock

If I looked correctly, 8.00 has been the all time high, reached on a couple of occasions ..... As I write, this level has now been breached, so if it manages to hold, then some quite serious upward momentum may develop

Or if they don't hold they will fall back again. The Grand Old Duke of York syndrome.
2517

is now a good buying time? or will they drop further?