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

mm fighting hard not to take sp to 9p!

9p it is .

Topped up today looks like its on the bounce.

Any bopd increase in NBM will be released as a timed average. I expect the increases are current but the RNS will be delayed to be able to release at the very least a quarters average.

ex- thats what im looking for asap NBM bopd raised. Nancy could increase in dec judging by last website update possibly 1000bopd target?.

a major Q is whether the present enthusuasm for this stock can be maintained - i.e. is it soundly based or merely hot money yet again

Heading for 1.4 million volume at 9am and possibly 1p increase in sp!!!!

sp has rocketed before .... and fallen like a stick faster.
some small comfort that Mr P was shown NOT to be the big seller in the last fiasco

cynic- the opposite he increased holding to 50m after sell off in regard to SA-1X.

i noted that, but thanks for the reminder

question is has he stopped?>

you tell me! ..... and if not, why not?

Remember how Credit Agricole keep appearing allows for room on the % owned maybe.

RNS will follow if warranted

Biggish trade trade gone through

Some large after time as well @ 10p

Yes noticed nice little purchase of 700,000, always GOOd to see !!

Gold Oil did not enjoy the best of luck with the SA well due to technical problems. This share could be the star of 2007. A bit of patience could be very well rewarded. One of my three to double in 2007, along with LED & RENE
SM

i think at these prices it wont take much. excluding XXI i think NBM could send this much higher if they can achieve 3000-5000bopd on the 5 well workover campaign. then they have another wildcat on XXI. Z34 phase1 (no cost to goo as ppe covering for their interest). more farmin expected early 07 in colombia/ brazil and may be the exploration license applied for in colombia on 20/09/06.

so plenty to back up stephm targets and mine.

some spread.