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

Made the decision to hold last week so pressure off me to close now. Still in the blue here and hoping for a sustained tick up, day by day. Personal target: 12p, then I'm out.

well thats a 50% increase not bad at all. but think you will get more if you have a longer term view.

I agree with you Lizard. I am holding at an average of 10p. Will be more than happy to see 12p and will look to still hold long term, only taking small profits if I am lucky. Patience may be required but good luck to all GOO holders.

He who waits wins !

or loses his shirt as at SEO!

not always fliper but warren buffet aint done bad with that view.

but bet WB does not buy out-and-out spec (spiv!) shares

all companies have to start somewhere. he buys in early with a long term view.

Sorry to butt in boys as i am still learning the ropes and don`t hold any goo at present,but from the 19th december till the present date looks it looks like a definate head and shoulders pattern has formed with the current price right on the neckline.If this neckline fails to be broken over the next few days 6p could be coming very soon. Any other opinions would be interesting.

i tend not to look at graphs for aim stocks. but if you are you could also say the chart shows the holding of an uptrend line from jan 06.

Pisces, Does your shampoo pattern still stand in the overall context of say a 12 month graph or are you selecting the 19 Dec. as your pre-determined starting point, only?

markusantonius,the latter.As i said only learning but we will see in next few days.

OK.

2 big buys, early on... followed by a load of sells. Based on previous patterns, this could be MM's merely lowering the price to match another big order(s)...? (IMHO)

as falls the gentle rain from heaven ..... or in this case, as falls the compost on our heads!

Even these lower levels don't appear to entice the buyers.
2517

think its just timeframes and news we can gauge on now. i would say a decent rns would be good now. but i suppose it is possible on a few areas.

Nancy Burdine workovers expected to start.
Colombia exploration license news (now 4 months).
Farm in deal.

markusantonius,
Re: Post 2724 of 2758 Lizard, refering to good post 15702 Pembury on Advf.

Lizard is referring to himself as he is Pembury, has ramped GOO over there for the last year. Like a broken down record player, just repeats the same old stuff over and over, day in day out. Not sure which Broker he works for. !

safety- have no idea what you are talking about. i usually post what penbury puts on advfn as he seems to talk to moore a lot. its good info and thought it would be useful over here. perhaps you need to get out more if you are trying to link posters together.

why the spread?.

Lizard,was about to ask for your ideas on the spread but see you are asking the same question.