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

so the latest burst for glory is more like burst n gory with sp now back below here it was 2/3 days ago on a relatively strong day in the market

imo the only thing that can give some momentum is drilling- which has been severely lacking in the last year.

first half 08 may be interesting however.

SP is holding up well.

GOO on the move. Currently bid 8.0, offer 8.1p.
Volume is moderate. No news that I can see.
Maybe just day traders???

I just had to look twice!!!,and will look again,news must be on its way?

Now 8.1 / 8.35p
If it's news on the way, how does anyone know that?

Come on Harry,always a spur b4 news?

Yeah, I forgot. Somebody somewhere always knows!

plenty of news out there to report. something positive on XXI survey would be good.

certainly nothing official out, but having been caught twice with this stock, i shall forgo buying back in and the possibility of the shares doubling or similar

Fortune favours the brave, cynic! :o)

and equally, fools rush in etc ..... lol!

someone out there has bought 1000,000 shares at .865p

even 1m shares is only 86,500 so not exactly big money

do me a favour. thats a decent trade.

decent yes, but it's not going to set the world on fire and pretty small beer for an investment fund or even a high-roller like Mr P

8MILLION traded so far today,
there must be a reason for it,all will be reavealed!

I sold out many months ago @ a fraction over 8p, it's good to see some excitment in GOO at last, even if I don't hold them anymore. Good luck to all.
2517

as always we will be the last to know but it seems someone knows summat. Insider dealing alive and well lol

news just out on money am. Director dealings today this is why they have risen.