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

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!!

M trades going on market makers short of stock?.

"But where's the meat?" as was once famously said

last time a strange run came it resulted in parvizi increasing to 38m.so?.

Strange. No news, yet GOO & EME up by almost the same %age.
VOG also ticked up but by smaller amount.

the 3 shares have nothing in common at all other than that they are very small E&P companies ..... coinciding % movements are pure coincidence

Mmmm up 16% and no news still the sp does look a bit healthier ay 10p+

Well, I bow to your wisdom, cynic, but I was always taught that there is no such thing as coincidence. 'Cause & effect.' Sadly, the cause remains a mystery!

And back up again.

Glad to see the strong finish, I wonder what next week will bring?

showers and gusting winds i expect

Bound to happen - As soon is The Shark is out, the sp rises (and thanks for pointing this out, Fliper!)!