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

Hey Lizard but were dizzy with ALK so it's okay.

not that bothered with them. focus on goo for me!.

Same here ALK is just part of a long term ISA.

With news on its way , we may see some T 25 buying .

Looks like last trade was a sell at 16p soon back at yesterdays sp.

Last trade was a buy at 16p online.

Good steady day. Happy with that.
Have made a small punt on PPE for imminent news for Z34 block.

Shareholding


RNS Number:1681M
Gold Oil PLC
15 November 2006

FOR IMMEDIATE RELEASE 15 November 2006

GOLD OIL PLC ("Gold Oil" or the "Company")
Shareholding

The Company were informed on 15 November 2006 of the following:

that at 14 November 2006, Credit Agricole Cheuvreux International Limited
("Credit Agricole") has an interest in 15,490,500 of the Company's voting
shares, representing 3.71% of the Company's issued share capital.

Contact: Michael Burchell, Chairman on 01372 361772




This information is provided by RNS
The company news service from the London Stock Exchange

END
HOLILFFTLRLELIR

holding +3.8m.3.71%.

Interesting to see if these are ultimately destined for Mr. I. P.!!!

Nice to see all blue .

nice tick-up this morning.

Looking good now, price up again after a couple of big buys.

not to concerned with day to day swings now just need news.

The sp has held up well this week with out news lets hope it stays that way till we get some.

Agreed Driver, and after today considering majority of the stock dropped.
Most people are holding on now, for the immenient news possibly next week.

strange trading day- thought we would have Z34 and XVI news this week, possibly update on XXI soon. AGM London wednesday so who knows?.

My belief is that management are trying to beat the poor sp after AGM regular occurence. Holding something back as any good team leader does for reserve!
Excellent news that GOO held it's own this week.

AGM- Wednesday 22nd November 11am. 5/7 Cranwood Street London EC1V 9EE.

a positive update leading up to would be welcome.
XXI- Peru
Z34- Peru
XVI- Peru
NBM- Colombia
Colombia exploration license.
Round 8- Brazil

Taken from iii.


Boxead - just for future reference, I don't do ramping or de-ramping. People who try to make money by purposefully miss-leading others are pygmies amongst men.
However, I can at times be quilty of poor understanding, bad maths or being overly optimistic or pessimistic. In this case I don't mind naming my 'source' as in any event, the update is one which relates to operational progress only, and is not financially sensistive. Details below .. its irrefutable.
You'll note that it doesn't say that the plug is successful or otherwise, just that it's placed - hence my cautious interpretation and assumption that they will now be testing - either for the success of the plug, or for hydrocarbon - I've no idea which.

I have deleted my email address, name and contact details.
Best regards (and always in good faith)
Dums
PS - I emailed each Gold Exec and got 1 reply. The management team are excellant.


-----Original Message-----
From: Michael Burchell [mailtoikeburchell@hotmail.com]
Sent: 18 November 2006 14:40
To: xxxxxxxxxxxx@btconnect.com
Subject: RE: San Alberto Well XXI water ingress

Operations restarted as planned and the planned cement plug at the bottom of
the well has been placed


>From: "xxxxxxxxx"
>To:
>Subject: San Alberto Well XXI water ingress
>Date: Sat, 18 Nov 2006 14:34:20 -0000
>
>Dear Mr Burchell,
>
>
>
>I have been following the growth of the story re: Gold Oil's prospecting
>within Peru with great interest.
>
>
>
>I understand the San Alberto well XXI is flowing with water, but the source
>of this could be capped off at the foot of the well.
>
>
>
>I'd be grateful if you could advise progress towards achieving such a
>'cap',
>and the likely timescales.
>
>
>
>My apologies for contacting you directly, I do visit your website on a
>daily
>basis but the commentary has not been updated.
>
>
>
>
>
>Kindest Regards
>
>
>
>Mr xxxxxxxxx
>