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

dates right but wrong header date. all in timeframe at the moment.

rig on site end of october!- as planned.

WEBSITE BEEN CORRECTED
Status
October 18, 2006
Petrex 315 rig inspected at jungle location and equipment OK. Rig expected to be on location 29 /30 of October. Testing operations expected to start by 01/02.

start testing jan/feb? .... y so long if rig already on site?

Hands up all those that think drilling will beging 2nd week in November and testing will commence mid December with an announcement made late January.....

There and again theres no quick gains to be had so what does the timetable matter anyway. Doubt those who are in would sell even if the timetable slipped by a quarter.

please remeber to wake me up when there is some real news .... meanwhile will use share certs as pillow!

Which Jan. - '07, '08, '09 or...?

Think it is meant to be 1st or 2nd november.

tvc15 is defo right. the date started with 29/30 october testing follow on 1/2 november . I mean come on cynic surely it does not take 2 months to set up unless you some good sleep!

Its hot down there, siestas last a long time

LIZARD,looks like its about to blow

It's bound to now that I'm no longer holding! :o(

Fingers crossed it look likes something about to happen!!!!!

capetown/Marcel1970

Is that a statement of hope or is there news/indications?.

Can only see blue arrows on my screen @ present, we live & hope.

cold indians?

The cold indians are warming up a nother tick any minute now!!

Indians red hot up again anytime now!!!

T's & M's all over the place does anyone know what it's all about?

shareholding?

And blow she has!!