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

think its just lack of news on a number of contracts and an opportunity for the mm's. if lq email genuine then moore is in Colombia for either NBM or new license?.

Same addresses as normal so genuine!

wish i had the money foir that 1 mill buy @11.50,some even more confidant!

unless it's a short position being closed

still good cynic.

Wish that 1 mill was a buy , however if you look it was at 13.33hrs and scroll down and you will all see then that was the bid price!

Something must be going on behind the seen!!!

This much buying no way price should be down - mm spectacular!

I Think there may be a large sell order in background

the potential worry is that Mr P is off-loading, and based on the volume (currently 10m) that is not impossible

well if he does we will know about under lse rules holdings. at a guess i would say not.

That's more like it , maybe a big order to fill!

lizard .... i think there can be a 48 hour time lag between change of holding and rns to that effect

cynic i am off to have a VERY L:ARGE SCOTCH,back tues

Still feels like it should be illegal to me!
GOO was 1p up this morning and then at 11.5p a million share order and the price went down.
If that is not stock manipulation what is?
This is my own personal opinion but I feel strongly enough to have a look at the rules this time.

laurie squash----see post 2466 mcgrath1958 is correct, it would have been a sell.
2517

Thanks George , it isn't rocket sicence to scroll down and check like i said!

Sorry mcgrath missed the post!

My guess is someone has a sell order of approx 10mil shares.

That's ok Laurie , although that 3.3 mill later was a Buy , so that's confidence!