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

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AIM
11 October 2007



NOTICE


(653)


11/10/2007 2:00pm


TEMPORARY SUSPENSION OF TRADING ON AIM

GOLD OIL PLC

At the request of the company trading on AIM for the under-mentioned securities
has been temporarily suspended from 11/10/2007 2:00pm pending an announcement.


Ordinary Shares of 0.025p each (B01QGH5)(GB00B01QGH57)
fully paid


If you have any queries relating to the above, please contact the company's
nominated adviser on 020 7628 3396.



Ref: AIMNOT653


This information is provided by RNS
The company news service from the London Stock Exchange





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2006 MoneyAM

Well i hope its going to be good news!!!!

news out at 2.00 that gold oil shares have been suspended due to an announcement to be made shorly. what do you reckon to that? there is a phone number on the money am news. maybe one of us should phone and see what is going on. what are your views on this?

Hopefully it's not bad news , wouldn't think so as it's a Temporary Suspension.

Companies sometimes do this when a Bid could be in the wings! We all have to sit this out.

at the end of the suspension news there are to email address for gary more. Maybe one of us should send him an email and ask the question - is it good or bad news.

Both MNT and GOO temporarily suspended. A transaction that will impact on both. Takeover one by the other? Joint development agreed?

I am sure we'll know soon enough.

if this rns brings bad news, then Mr P will assuredly be more than a little unhappy!

possibly Cuba in there somewhere amongst a complex deal imo.

CYNIC,not just Mr P,Mr CAPETOWN will be seriously in the RED!!!,think i will have to follow u around on your threads at this rate!!

The suspense of a suspension. we shall know soon enough.

The announcement of a transaction doesnt sound bad to me.

Or maybe they have gone & lost the cash playing poker in the casino at Lima!
More shares on issue? Need more cash?

Maybe another deal like below.

In February 2007 MNT acquired the existing oil and gas database and work in progress of Gold Oil plc in a number of South & Central American countries.
2517

mnt have loads of cash.

Sit tight!

you have no option!

Irish Independent 12th Oct 2007

"Shares in the AIM listed exploration group Minmet were suspended at the company's own request yesterday pending an announcement on a major transaction. Earlier this year Minmet cancelled its Dublin listing after it said it would not be appointing a new Irish Stock Exchange advisor to replace Davy Stockbrokers"
SM

Daily Mail 12th Oct 2007

" Gold Oil was suspended at 6 pending a bullish transaction announcement"

suspended regarding a bullish announcement. Does that sound good or bad news? You would have thought they would have put their shareholders minds at rest by stating some more information. what does the word bullish mean - and how would you think this would affect goo? what are your views of this suspension?

jb---bullish is positive, bearish is negative.
2517

hi there george, I have just been reading up on bullish and it sounds to me like they have suspended the shares for the reason that when they announce the bullish news, the shares will be worth a lot more than they are now. So when they end the suspension after the news. The shares will open on the stock market a lot higher than they are at present. The reason for the suspension being they want the shareholders who are holding the shares now to get the benefit. This is how I am reading the situation at the moment. Nice to know your comments on this as well. The very best of luck to all holders.