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

parvizi bought the 6.3m it was a buy.

news just out who bough the 6 mill shares yesterday it mr pavarotti

Wish they were mine!

Wish they were mine!

I guessed right yesterday then!

like the man said, get through 14.5 and they are likely to gallop ..... and they have

have you looked at the candlestick chart for this?

don't understand those, so please tell me what the witches candles predict

cynic , can,t don,t want to influence things , just look.

for those who understand these damn witches candle things!
as for me, i can just about make something sometimes from line charts and dmas

This Mr P must have had a chat with the company prior to his purchase. There must some very encouraging news ahead. Things are certainly getting better by the day!

MM put the price down and two 300k purchases!

hold on busy Q4 for goo.

Cynic,

From memory. A candlestick chart shows price movements in the form of candles. A "candle" pointing up shows that the price closed higher than it opened. The size of the candle shows the size of movement from open to close, and the length of the wick shows the upper range for the day. Downward sticks are the reverse, e.g. closed lower than it opened. Upward candles are therefore bullish and downward candles bearish. The size of the candle is also useful in determining positive or negative sentiment and demand. I believe traders use candlestick patterns (amongst other indicators) to help with buying/selling decisions. Hope that helps. As ever, do your own research, in my opinion, etc. etc.

Strawbs.

Close @ 15 at last is this a good sign for tomorrow anyone got an opion?

Notice the tight spread, I see that as confirmed Bull ride from now on!

I think it was important that GOO closed above resistance level of 14.5p from a chartists point of view, (I'm not a chartist) if it closes above that again tomorrow I believe it is considered to be bullish.
2517

I must admit the 10% stake Iraj Parvizi now has is a sizable chunk of the company he must be very confident or stupid either way its good for GOO

1.mill buy after close,another ,25/.50 up 2morr

parvizi increase may get a mention in media it did last time keep an eye.