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

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!!

chart time again!



red line = 25 dma
green line = 200 dma


Fairly sharp (all relative) correction back down through the 25 dma, but I suspect this is just some profit taking and peeps lowering their exposure until it can be determined whether or not the markets are heading down for a while

may see some support on past high levels 14p. although theories on aim stocks and charts seem to have no relation.

Ok maybe i was wrong.Starting to believe it could hit 11p, anyone any thoughts as to why such a big drop today?

dont know perhaps the warrants?. possibly panic and/or profit taking.
holding on for Z34 myself.

markets are generally pretty soggy due to fears about impact of weak $ on markets etc etc ...... for sure there will be a good number of voluntary and forced position closings across the board ...... for myself, am glad i ducked a bit on Friday and first thing this morning (though not on these!)

hot money over at ptr

Marcel (ref. 2355) - Without newsflow, GOO is always going to be prone to a backlash, IMHO.
Do you still want those lottery no.s faxing over, BTW?

Yes Please

A bit of a crap day all around my portfolio is down 3% lets hope we see a bit of blue tomorrow and not just from GOO.

PATIENCE IS WEARING THIN IMO