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

yes interesting.

Lizard,why would anyone buy 20,000@8.62 before the market opens and pay above the offer price?

A lot of blue this morning , good news on the way ?

ct- no idea?. L2 has changed for goo now on SETS.?. perhaps expecting things to pick up?.

I am so glad i held on to these!cheers lizard.

Unbelievable!!
maybee all the blue are SELLS,

games again. just waiting for rns now. mm can do their norm.

what kind of rns are you expecting lizard?

?. many areas they could rns lm.

XXI, NBM, Colombia expl license, MNT deal,

Stil cannot see how mm's stopping at least 8.5p today.
There are so many buys at full price it is outrageous!

EXACTLY!!!

Unless they are diliberatly sucking you all in. Not meant to be negative, just an observation.

thanks lizard - this new system is screwing up the sp - could and should be 9p with this rate of buying - as someone who has over 2m goo shares at an average price of 11p i could really do with a break!

so Mr P has added a further 2.76% to his holding ...... hope, though perhaps not as much as he does, that he holds a winning hand!

I have a feeling the mms are holding the lid too tight on this and its about to BLOW!!!

lm- patience.

this is new up in 5s wots going on.

is the LSE SETS trading system and its crap. for the most liquid stocks FTSE 100/250. why Gold Oil are on it is a mystery to me?.

The sets trading system seems to be OK we are still going up.

Anyone know why goo is all over the place today ?