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

Oh yes, the shares also showing a buy trend which I think will pickup momentum end of Q1 into Q2....

shares showing a buy trend??????
you must have your chart upside down

this was always going to be a quiet quarter. Q2 Q3 Q4 could get interesting.

only good thing that i perceive is what looks like pretty solid support at 8.25

11m+ B trades today.

horrid looking chart ...... yuk!!!!

not even thinking about the chart more interested in the trades today.

can you give Mr P a bell and suggest it's time he bought another 5%? ..... lol!

cynic- it could be him buying at the moment. broker to broker someones having them.

in that case, he clearly isn't buying nearly enough ..... lol!

i dont know that would make over 60m shares in goo if its him?.

So whats cooking @goo?,some rather large b trades of late ,sells i hasten to add and the price is ticking up,are we due an update from the last RNS soon?

from a chart point of view, as easily seen from above, all sorts of congestion and possible/probable resiustance at this sort of level

news in todays daily express that gold oil speculation that drilling at a higher level at test well in peru is about to deliver more positive results this is the reason for the increase in share price this morning. Look at maoney am newspapers this morning for the news.

Janetbennison,thanks for that post,its definateley looking better!

thanks janet ..... i'm just idle or busy posting sarcastic comment .... lol!

CYNIC you said it!!!

as always, i was accurate again though most rarely believe me .... lol!

if past experience is anything to go by this sort of publication should attract a lot of buyers thus pushing the share price up. good luck to all.

the express ahh it was a 'big oil find in colombia' last week. they are not even drilling in colombia.