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

hc-? wheres that from. but we must be due. what is the question?.

XXI, NBM, Exploration license, farmin?????.

majordeal post #3047 "IT'S COMING".
Just hope it's to do with news!

dont think so it doesnt come as late as this 40days after easter then Asentiontide is next in the christian calender(still anything is possible with the weather we are having with ref to3052)

800k buy just gone through.

have you been buying driver?.

lizard
Topped up once but not at the low we was a week ago.

i trebled my holding last week....on a rumour i heard

Don't suppose you want to share that with us, maestro?

d.express rumours?.

oil find in colombia or XXI?.

Or just a little indirect ramping to spice things up a bit!?

can't say at moment...source is a little vague

A little bird or big bird has told me that that have found something BIG!!!!!!!

A dinosaur skeleton?

driver- had some more friday.

a few things in the pipeline imo.

opium for delusions and illusions of wealth

More dilution, but not enough to worry about:
"The Company (GOO) has been advised that a Notice of Exercise of Warrants for 575,000 ordinary shares of 0.025p has been received and accordingly issued the
appropriate number of ordinary shares.

Application will be made to the London Stock Exchange for the new ordinary
shares, which will rank pari passu with all existing ordinary shares, to be
admitted to trading on AIM."

warrants go straight to goo bank account cash position. well over 5m sterling now.

Thats right lizard, GOO has plenty it could spend the money on but hasn't. Makes you ask the question why!!

explosive the answer to that is governments pace in S America. as well as getting the right deal for the company imo.

strange day.