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

cynic please have a look in email box.

todays ft for those who missed it.
http://www.ft.com/cms/s/6f984f60-6885-11db-90ac-0000779e2340.html

http://www.perupetro.com.pe/houston-e.asp

info on Petrotech discovery on San Pedro Sechura Basin.
In June 2005 Petrotech discovered San Pedro field (Z2B) in the Sechura Basin. Current production is 12,500bpd (still developing block) and 70MMSCFD.

need to download San Pedro discovery.
taken from advfn -pembry.

6mil,300 thousand @14@0739 am,wonder if that was a sell or buy,any confirm one or the other?

with all recent reports i would say a buy more likely. but hard to gauge done at mid. someone is staker building imo. whether a pi or inst?.

Guess it was a sell,hence the sp mark down and sudden spate of selling

Nah it was at 14p so I would see as a buy....

still think it was a sell,look at the sp now and all the sells,wonder why all of a sudden?,very short term, but its ok if one is holding for the longterm.

we dont know it was done at mid so?

perfect opening for a tree shake done at mid price small sell off people panic not knowing if sell or buy. OPPORTUNITY to buy imo.

only thing that will truly make sp move one way or another is proper news rather than unsubstantiated rumour ...... clearly some getting cheesed waiting

Just a bunch lemmings selling by following others when they really dont know what it was!

Lots of oils down today.

anyone reckon an order has been going on here?.

lizard,you mean as in,lets drop the price to accommodate the order and then bring it back up again?,the sp that is.

Reckon we will be back to 14.25 at close today

Happened the other day as well!

I guess if thats the case they cant be short of stock

It would depend on if the 6.3 million was a buy or a sell?

A poster on iii has said that HSBC has the 6.3 million down as a BUY! If some one wants to check up on this!

If it was a sell,doubt the sp would have recovered on this volume so far today?