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

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!.

I have never been a day trader ...... my comment stands

time will tell!

I do not see any evidence of ramping or trying to ram it on this thread only constructive thoughts and research goo is ticking along nicely and Im sure we will get a lot of news this year hopefully positive, so there is no need for nit picking between posts.

are you chaps aware goo are in negotiations for block XVI or did i post before?.

driver ... my initial gripe was that Lizard had posted the same damn stuff about GOO on about 6 different threads ..... as for news, i am happy to wait until it arrives ..... share has totally gone to sleep and is likely to stay that way until there is some serious news.

i have not ramped goo before just put the website details out there!. for people to view- they can make there own decisions.

2 RNS ANNOUNCEMENTS TODAY BUT NOT WHAT WE WANT!

You mean shareholdings are not as exciting as spuddings .... lol!

shareholdings don't fluctuate the blood pressure like spuddings!.

especially when then turn out dusters like ELP in Jaguar ..... thank goodness I was not involved with that debacle

I don't know lizard, better to have RNS on holdings 3% and 6% then RNS of the same percentages being sold!!!

Cynic, personaly I think your barking up the wrong tree comparing GOO to ELP and even further in the clouds with your ramping accusation against Lizard....

Never used the "R" word and nor was i comparing GOO to ELP (seriously crap company and management imo) ..... lizard and i have kissed and made up (I think!)

we all have a common interest that being goo- alls good on the goo thread!. would like to see an update on nancy this week hopefully good.

xxi?. xvi negotiations, z34 converting of licence with plectrum?. then theres brazil round eight now re scheduled for aug 28th from nov 27th. and what about the logo on website placed over argentina? and cuba removed after bullish note on website. colombia could be worth more inv as as government re elected for 5 more yrs.

pleased they have raised more funds as further acq looks likely.

Nancys opperation was a sucess, breat size was increased from a mear B to D cup!!!! Yeah I know, not the update you were looking for and stop pratting around..........

Cynic, ELP was a seriously crap company, can't see how any company could follow it....... Have I spoken too soon!!

REUTER'S ARTICLE...........Surprised that this Reuters article has not been suppressed or derided by the Bush government. Bad news for us all unless you hold shares in oil and gas companies. Maybe part of the reason for today's rally in oil/gas shares:-

http://money.cnn.com/2006/06/20/markets/oil_intl_outlook.reut/index.htm

explosive -yuo have spoken and we don't know about the situation on nancy!.