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

Could well be the staff warrants which were 6.6 million!

cynic
I see your cynicism paned out on the BLR thread.

was very sorry to see that

interesting to see if any activity after agm today?.

700,000 share bought 8.50 am no so much as a sniff of a move, must all be waiting to see what the outcome of the AGM is.

dont think anyone on here is attending?.

Even if I did I wouldn't really understand what they were saying :(

Does any one know if anythiny significant came out of the AGM?

Still no RNS I've just sent an e. mail asking for an update but suspect so have a few of you already.

Replies are in brackets

apologise if this is the 200th e. mail but as no news has come from the company in regard to the AGM investors are feeling blind.
(webpage update every month. Press release cost Ł250 a shot, so only when necessary.

Is an update on the Spain part of the web site due?
(Talked with Ascent this week. Updated press release will be issued shortly).

Any sign of the committee agreeing yet as investors are aware of the 4 month wait after?
(Still in the queue large backlog since change of government).

Stock losses starting to trigger!

Nice to see we have a good communicative PR at GOO.

Yes and reply was almost immediate!

Bit of a tree shake.

They will be days like this , mm drop sp to pick up cheap shares .

fliper
I picked up a few myself at just under 15

I'm waiting on a harder shake, before getting back in.

Me tooo! Back in @ < 11p perhaps?

If you manage tobuy GOO @ 11p could you help me pick my lottery numbers please!

Sure Marcel, try asking for a lucky dip!!