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

Someone in rival website has mentioned that there is to be update on Nancy 850bpd on Monday suggesting to get in early on Monday, whether that is true is remain to be seen. He would not say where he got this info.
Does anyone know about this?

no but it is more than possible- i spoke to moore about a month back when he was in UK. he told me that he was advised by the operator that Nancy1 has the potential to produce 1000bpd. Additionally it was always a possibility that flows would increase over time through production. I basically think it takes time to clear all the fluids (or rubbish) out of the flow to clear the end result. so i would say this is possible.

Lizard, apparently there are claims that this person is a bit a 'ramper' so we will see on Monday eh. I do agree with you that there is a slight possiblity.
If there was it may get mentioned in the sunday newspaper tomorrow as a speculative buy?

i think the sunday times who have been backing goo over last year reported last week.

the spread is looking tight, is something imminent today do you think?

could be Z34 or Nancy updates with XXI due to start shortly. interest will pick up with those speculating on actitvities. or new colombia exploration license applied for a month ago.?.

Over 300000 Buys and not so much as .25 tick buy any of the market maker yet?

Any thoughts Anyone?

366k isnt that much. i expect if it keeps on like this the offer will move up.
L2 only KBC on offer.

All been buys so far yet price falls slightly and you can buy 250000 online only sell 30000 i wouldn't be suprized if the sell droped to 8.50 soon! Baffled

Someone has just traded a million shares at 0.09

Someone has just traded a million shares at 0.09

Broker to Broker

So if the brokers are so busy why are they still manipulating the trade price?

they make the market so not much we can do about it. can see a fair bit of strange action going on next few weeks.

shareholdings.

Back to normal then!

Dont you think it may to do with short of stock. MM are obviously playing mind games again.

If they were short of stock you wouln't be able to buy 250000 online line in one hit.

Ok, but why would there be 1m share broker to broker deal?

think we are getting confused here with brokers and mm's.

R88AVE, a B2B transaction is usually when a broker wants to sell or buy (usually sell) multiple holdings on behalf its clients. They will do this in block using segregated accounts so that the clients each receive an average sell price. B2B thus avoids multiple sales at reducing prices which would, of course, adversely affect the sp on the open market.