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 know we have all heard it before but patience will win through with this one, nice 750k buy someone agrees.

mysterious 730,000 at 7.25p, Any comments?

well nothing more than you'll wish you had next time its 12p....
buy when no news sell on news...

10th and still no update on the website. Considering how poor the last update information was you would hope this time might actually be beneficial.

poster on rival board has pointed out Z34 is next in line for approval by Perupetro (sorry haven't got link). work schedule for next workovers in colombia should be near finalised aswell so hoping for a double whammy rns by month end imo.

Thelung,i do so hope so,thx for that post

cant rule out farmins/ farmouts / exploration license into that equation the lung.

I was one of those that topped up after the last RNS,followed by the second one minutes later,so holding

rns. hello.

looking to exploit opportunities outside Golds core operations in Peru Colombia and Brazil. i suppose this has the potential for Gold to become operational globally via Minmet plc.

GOO must have seen some thing they wanted from Minmet to acquire 24.67% time will tell the deal looks OK by me.

hopefully we will find out more in coming weeks. would like to think they have something identified.

Looking very blue , a tick up on the cards .

The 176,000 buy at 8.25p seems worth a mention!

not the most encouraging chart i have ever seen .... while it is good to see the push through 25 dma, there are other nasty looking resistances just above (50 + 200 dma) .... at lesat rsi is still neutral

typical cynic. gold buy into another plc a major part of revised strategy and you post a chart.

i hold the damn things! .... the miniature chart in the header is too small for proper guidance ..... i post charts as i think they are a useful tool ..... you arfe more than welcome to ignore, but as i have observed before, they have a (nasty) habit of being self-fulfilling considerably more than 50% pof the time

Just back and i see BLUE,very exited after recent events!

I don't agree with your statement of resistance, looks good to me. Very simply put falling trends have become less, upper indicator shows bollinger brands and orange average 200 days. Bollinger brands have bottlenecked below the average so I think this will push past the upper indicator to around 9.25 fairly quickly and continue to meet the average. Kane away but time will tell!! .....

would never dare disagree, but please explain your chart .... if what i have posted not self-explanatory, please advise and will try to enlighten