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

how many shares are currently in issue?

Can't answer that at the moment, but am looking in to it.
Just a word of caution, which may be my machine or may be the HTML address, but have received a virus (JS/Psyme) when accessing the goldoilplc.com website.
Will keep you all posted.

about 475m.

cash balance c.10m sterling.
8wells fully funded for near term drilling campaign (only paying for one).-


(cheers lizard).

The following is the virus spec. I cannot say if it comes from goldoilplc.com for definite, but it is possible:

\"Troj/Psyme-AN is a JavaScript downloader Trojan (usually HTML-based) which exploits the ADODB stream and CODEBASE vulnerabilties associated with certain versions of Microsoft Internet Explorer to silently download a file from a remote website to the affected computer and run it.

When Troj/Psyme-AN is run on Windows 95 or Windows 98 it tries to download and run an executable via the CODEBASE attribute of an object element.

When run on Windows NT, 2000 or XP Troj/Psyme-AN first uses the ADODB Stream exploit to download the remote executable to C:\\Program Files\\Internet Explorer\\.exe where is a random character string consisting of 1-8 random characters (typically 8 characters) within the range A-Z. It then tries to execute the downloaded file via the CODEBASE exploit.

Troj/Psyme-AN can arrive on the computer via HTML pages containing a link to an infected page. \"

Share's mag mentions Gold Oil this week , mentions GOO'S licence's etc in South/Central America and is worth keeping an eye on! Not often GOO is on the Share mag radar!

someones buying again.

I'm showing sells outweigh buys very heavily, but no denying the sp has moved up on heavy trading.

well.well.well!!!!,i doubt these trades showing as sells are all sells?

No, you may well be right.
Hopefully if we say 'well' enough times, GOO will get the hint! :o)

harrycat,you are too quick for me!!!!

hope for all youi holders that thjis does prove to be yet another false dawn ...... in its favour, sp is performing very strongly in a very sick market

CYNIC,i hope you mean ,it does NOT as opposed to does????,in your above post.

Driver's post #3731 said that GOO shares would be valued at 95p each based on cash, assets & expectations in 2008. That's good enough for me. Just gotta be right!!! :o)

ah, so you spotted the obvious error then!

Nice rise today what more can I say.

nothing else to say, except your prognostication of 95p within my lifetime at least is, i fear, rather optimistic

Cynic,you WILL live to be 100. I know it!

cynic
It wasn't my prognostication (nice word) it was GOO's at their GOO presentation.

ah well they were always going to be conservative weren\'t they!
by the way CT i know i shall live to be 100, unless my children have their way - lol!

Cynic , if they get to 95pence and you live to a 100 , think of all that dosh!