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

are things happening? -trades are hotting up!.

lizard, the target date for spudding the well on XXI was yesterday, so maybe this is the reason.
2517

this is i think the response just speculation unless nancy is complete? looking strong may add today on a t25

Also drilling results from NBM were to be expected within 2-3 weeks from commencement (started late May)
2517

a lot happening don't forget

goo approached perupetro to convert license Z34 into 30yr e and p.
drilling xxi should be commencing
xvi under negotiation
nbm workover should be nr complete
bidding in r8 brazil
additional info on website map argentina
cuba?

bought more today @6.5p

TAKEN FROM iii..........http://www.goldoilplc.com/newsite/reports5.html

site has been updated and guess what.... theres a rig in place.

now just wait for a FRIDAY RNS..(rise also a massive clue)

dyor

LOB ON ON iii HAS APOLOGISED............sorry no rig , first glance... but those pics are dated 9th june. nearly a week ago..
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Nice 18% rise so far today. Looking good, patience is all thats required now.

sequence of photos for rig alignment onto block XXI. the platform now in place awaiting rig structure it may be in place now as photos one week old.http://www.goldoilplc.com/newsite/reports5.html

next few weeks we will see some action on speculation of xxi?. i think it started friday.

http://www.rigzone.com/news/article.asp?a_id=32427

Interesting rigzone article lizard, things are starting to move now! happy to hold :-)

SPUDDING DUE TO COMMENCE ON THE 15TH JUNE SO AWAIT RESULTS- WHO KNOWS?

LIZARD - you may be a fan of GoldOil, but please stop trying to ram it down everyone's throat by posting the same damn GOO website all over the place ..... It really is very dull indeed ..... And lest you had not noticed, 15th June has been and gone and no RNS to support your last post, though I guess it could conceivably appear tomorrow, 4 days late!

spudding results wouldn't be released same day derrrr!

Map of Block XXI in the header (nice map)

lizard .... spudding result will not of course be posted the same day, but the fact that drilling has started would be. I confess that having seen you spray GOO messages all over the place, for me your credibility is suspect and certainly so far today the market shows total disinterest in the stock.

cynic
Nice map DON'T you think.

yes ... most colourful!

cynic -if you read the rns correctly you would realise the programme of events- workover has commenced colombia and they have not released an rns stating this.
results are due around three weeks after work commences!

as for the disinterest in the stock you may be a day trader but i am not and my point was not for a three hour movement in the sp.

my views are moderate compared with your waffle!.