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

Lizard very strange,back to where we started and dare i say 15.50 close?,
You were probably right it must have been a buy

NOT 15.50,

14.50

Gone green, blue at the end me thinks.

capetown no idea didnt say it was a buy did i?. but didnt say it was a sell open minded on it. but think someone could be stakebuilding could be wrong.

flat close ok by me.

L
Apologies you did not say it was a buy or sell

Noticed how tight the spread, wonder if rns is due soon? surely not this time of day!

from advfn perupetro to sign some contracts fri 3rd so Z34 or XVI?.production testing San Alberto-1X to begin tomorrow.

Maybe the webiste will updated tonight regarding the rig being ready to test tomorrow. Who knows, but certainly exciting times!

800,000 buys after time.

Remember the time difference can impact on releases and the company did say web site update beginning of November in mid October e. mail.

could get one this or next week then.

Recent intrest in the stock is identicle to that seen in September, prompts a sale as if she follows suit!! May well set a stop loss for 11.5 and a buy of 9.

for very different reasons for very different reasons!.

are you saying you thik it may drop.

Taken from ADVFN.

Reply to email sent to Gary Moore this morning, testing all set to start November 6th. Sent via I presume his wife Imelda Moore.

All set for November 6.
Regards
Gary Moore

> As a shareholder in Gold Oil I was wondering if the
> rig is now on site and has the testing begun yet?
> That is in Peru.

I wonder if website will be updated tonight?

im happy with that.

All very quiet.

Perhaps i spoke to soon!!!

XXI San Alberto-1X production testing to start monday and Z34 and XVI approval next week.

but still struggling to break through that 14.5 resistance ..... mind you, having now challenged it and failed, it is (more) likely that when it happens, it will do so strongly

parvizi bought the 6.3m it was a buy.