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

I hope the whisper of news is right, provided it's good news of course.
2517

I don't like whispers 99% of them are unfounded this rise is punters jumping back in afraid to left on the side lines after selling out my strategy has always been hold and buy on the dips your blood pressure stays the same that way.

especially the one suggesting news after 4pm.

unfortunately missed that dip by 20 mins after watching for last 4 weeks, then hoping would drop a little more, thats trading for you. :-(

Still come Xmas might just be feeling a little festive, people rarely get in at the bottom and out at the top, happy to take the middle ground, as long as I'm on the right side of the news.

Looking steady this morning, can't help feeling it want's to push up futher FINGERS CROSSED.

GOO seems tobe climbing even when nothing happening hpoefully there a big buy order in background.

I was able to get back in at 13.5p after bailing out at 16.75p , so now I think I'll just stop tampering and hold.

Makes GOO sence with hopefully good news expected next week!

What happened to the news expected yesterday at 16.00 hrs???
SP drifting at midday, so assume news is unlikely before the weekend.

never fall for that one HC- an unknown poster with an rns prediction.

no news as yet but website usully updated start of month so?.

Xmas quiz , how many rns will we have in december ?

I think one and it'll be regarding Nancy flow rates.

Which december.
2517

Dec 2020 license approval for Z34!.

GOO is on P. Sherlocks portfolio (Purchase Price 5.5p) so it has been there a while in the Sunday Times Money supplement and it's still there, the portfolio gets reviewed every month I think.

was it in todays s-times driver?.

lizard
Yes it's in his Heaven and Hell portfolios as in Solid Performers and Volatile winners no prizes for guessing what one GOO is in.

none at all at the moment. didnt expect anything else. mm having immense difficulty valuing goo. look at the graph is it, isnt it, is it.............

XXI news now will determine trend short term?.

Nice recovery, now lets make some progress.
2517

Without news, this will not hold imo. Expect profit taking by the end of the day.