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

General disclosure of price sensitive information
Testing is due to restart tommorrow but AIM must be aware of the several day run on the price I requote from a post on ERX the other day the rules.

11. An AIM company must issue notification without delay of any new developments which are not public knowledge concerning a change in:
♦ its financial condition;
♦ its sphere of activity;
♦ the performance of its business; or
♦ its expectation of its performance,
which, if made public, would be likely to lead to a substantial movement in the price of its AIM securities.

There isn't really much more to say R88AVE. We can all speculate until the cows come home, but news is now needed. How much oil at Z34 & test results from XXI.
But I will say that you guys need to have a strategy in place just in case the news is below expectations, unless you are going to hold indefinitely.

I think the charts are telling us that we are in a bull ride, which I can see daily rise of between 5-7%, testing new peaks. If there was a correction I dont think you will ever see 10p mark again unless the news is really bad. Its now 70% above. the sp is now in unknown terrority testing new peaks.
The volume has been immense in the 4 sessions now. It is going to very interesting leading up to xmas now.
Enjoy while it last! ;-)

for myself, i am now running a trailing stop ...... huge volumes = myriads of lemmings who are totally unpredictable .... as is the value of this company; would take someone far far more knowledgeable than i to put forward a sensible valuation in a number of scenarios

10m B trade just gone through?.

is a b trade a buy or a sell?

B= Broker to Broker. one sells another buys.

Lot of stop losses being triggered!

Fighting back up hard not bad for first resistance I thought it was going lower.
May be blue yet IMO!

not getting involved with this my view remains the same.

Thats me out, stop loss triggered!!

Stop loss on 50% this morning so in profit now no matter what.
Like Lizard in for the long term now and will buy if a drop.

Cynic set stop loss after your post so thanks!

Well I guess it was due for a little retrace. I find it funny really, the lemmings are at it again. Same thing happened as last week, everyone was wondering whether it was a buy or sell for the 6.3m share in which it was Mr P who ended up buying them. This time round I think it is brokers dealings. A little tree shake no harm.

7 November 2006
GOLD OIL PLC ('Gold Oil' or the 'Company')
Shareholding
The Company were informed on 3 November 2006 of the following:
that at 3 November 2006, Credit Agricole Cheuvreux International Limited
('Credit Agricole') no longer had a notifiable interest in the ordinary shares
of Gold Oil.

Surprising if 100 or even 500million barrels of oil possible??
What would 100million barrels be expected to do to the market cap?

7 November 2006
GOLD OIL PLC ('Gold Oil' or the 'Company')
Shareholding
The Company were informed on 3 November 2006 of the following:
that at 3 November 2006, Credit Agricole Cheuvreux International Limited
('Credit Agricole') no longer had a notifiable interest in the ordinary shares
of Gold Oil.

Surprising if 100 or even 500million barrels of oil possible??
What would 100million barrels be expected to do to the market cap?

cfd company.

No doubt some speculators and lemmings might ditch based on this (they bought previously on Credit Agricole buying!!) and provide further buying opportunites for those long-term investors who do believe that GOO is sitting on massive quantities of oil. I am still interested in an opinion on how 100million barrels of oil might value the company.

Credit Agricole Cheuvreux International Limited have done purchases of other companies with Mr P so may have sold to him 3rd Nov?

more than 16p.

lq- Credit and mr P certainly have a relationship imo as it has shown on his other holdings where they are both active. the rns last week more a less confirms this.

I'm away this week so will not be posting till next week up in bonny Scotland.