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

From MoneyAM Press Roundup:

According to the Daily Express: "Talk of further stakebuilding at Gold Oil by Iraj Parviz" - looks like it is your Mr P filling his boots! I reckon he knows something. GOOd luck!

Here's the RNS:

FOR IMMEDIATE
RELEASE
7 December 2007

GOLD OIL PLC ("Gold Oil" or the "Company")

Significant Shareholding

The Company was informed on 4 December 2007 that following an
acquisition of ordinary shares in Gold Oil on 3 December 2007, MF
Global UK Limited has an interest in 19,321,624 of the Company's
shares, representing 4.03% of the Company's issued share capita

Hang on - I was in such a hurry I didn't even read the RNS! That's MF Global buying, too. Think I'd better consider being a sheep.

why? ..... 4.03% is not significant, and once they have their fill, what then will sustain sp at least in the short term?

I said I would consider - will have some breakfast first though.

... Meanwhile: I'd set an auto 'buy' at 12p and it's gone through, so I'm committed now. Didn't dare risk a lot but it's looking OK so far. Will have to set an auto 'sell' limit.

nothing to do with MF imo they have only added a few million. the volumes of late are huge in comparison. think IP's still at it for whatever reason?.

... sold at 12.6p. Thought it could tip down and am trying to be more proactive, as it seems to pay!

IP must think there's oil down there, so will watch the chart carefully.

I agree. If it was just MF then the sp should now be static or falling as their acquisition is complete. I think Mr.P., through his broker.

good move Toya as current sp and movement shows

5% less costs ?????,. Still, depends on just how many you bought I suppose.

well, they're worth 10% less now!

Still very heavy trading in this, so may well be friday p.m. profit taking.
Each recent surge has seen a slight pullback, so happy to hold, but with limit sells on the system.

Kitosdad: I'd bought thinking the sp might continue to go up but watched closely in case it showed signs of turning - and I'm jolly glad I took the (v small %) profit rather than now being stuck in a loss situation... I've been able to use the money elsewhere - great feeling!

High today of 13.50,40%less to buy now.Talk about volatile,great watching over last couple days,we have been here before and we will be here again,just shows how quickly the sp can move in either direction.

and thats before the 8well programme!.

Yes, but to be fair, we don't really know why the sp is on the move at the moment.
When the drilling starts, we pretty much know that the sp will surge when news is imminent. I can see this drifting back eventually as it has done before. Or maybe you think the 6p days are over???

its drifted from 13p to 10.5p on the bid. thats a fair pullback. if you look at the chart it was to be expected sooner rather than later.

one media suggests IP stakebuilding and anticipate updates.

GOO, in common with a good many others, is totally driven by hype ...... it is true that yesterday there was some serious institutional buying, but as seen today, when that dried up, the sheep realised there was really nothing to get excited about so took their money out.

it is a racing certainty that there will be a surge of excitement just before drilling starts somewhere, but as even the majors know, the chances of a commercial find are little better that 5/1

"One media". That's a very loose reference. Care to elaborate?