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

Probably because the news had leaked that yours truly had closed his position, last week = a dead cert. for an imminent rise!

Investing sux! :o(

Dead certs = Taxes & death.
Set yourselves a reasonable %age profit & take.

The GOO experience cost me a 600 loss, Harry!

Mark everyone loses sometimes, but I am sure you will defo a pick winner somewhere there will be always something, it just finding it at the right time. If its meant to be it will be yours, thats life I am afraid. Keep your chin up mate and get back to drawing board and find the winner!

But if I'd have waited another 4 working days then = a k+ "paper profit".
Such is the way of life, these days. :o(

Talking about winners-- I'd like to know who the BIG boys are, stocking up @t-mo
IMO some are in the know ahead of Pi's like most of us, just like PAN.R- 2 weeks to
T/D and the MM's don't want it up- infact drop the price 30p for nought over last
17 working days.
Concl. More to meets the eye with both stocks , me thinks. HOLD for some big
jumps and I feel it won't be long. Risk/ reward of coarse, ie;company makers or
not DYOH

This will explain interest again this morning. Someone from rival BB found this in todays paper.

industry sources suggest goo could be sitting on one of the biggest ever finds in peru. clarification regarding the vast potential of exploration well should be revealed within the next 6 to 8 weeks - p68 daily mail

it was the d mail who quoted 200m+ in two zones months ago. IF they are around that goo should do ok. goo 100% on XXI.

And thats for starters! Wait until they get the Z34 block.

hmm!

hmm! no news for 6/8 weeks based on an unsubstantiated rumour ..... that doesn't feel right at all .... i would have thought that if GOO have genuinely found something significant then they would be obligated to issue a statement, not least because of the sharp price movement ...... stock is even more difficult to evaluate at the moment, so i suppose i'll just ride with the greed.

better to keep quiet imo and get the facts right first. look at vog.

When I last communicated (e. mail) with GOO the plan was to update the website at the beginning of the month (Nov).

i totally agree lizard .... at least VOG learnt and now they only put out the most conservative of announcements

We know they know bopd figures so they are biding their time for real RNS.

Z34 next week (license) hopefully.

for those who dont know.
Z34 Talara Basin Peru (1m acres). borders Petrotechs Z2B block to the east. at end of 2005 Petrotech were producing 11,167 bopd of crude and 64MMscfd gas.

my reason for holding goo in the first place but more going on here.

Quite a few buys @500,000 (70,000) @ 14p

i see ludlow as tipped itv bought 50000,

still think this is a good entry level. med/long term.