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

maybe it will not this time. I have now sold the majority of mine, still at a loss. I nearly sold the rest of them today at .14p but did not. The market is well down. All my shares are down, this last week has been terrible for me. It all started to go down since last wednesday. All except for goo. Having said that there are now some good bargains to be had. Maybe buy british airways tomorrow.I hope the rest of you are holding out well. best of luck.

sitting on hands is not a bad policy

Cynic
And what was your reason for the purchase other than following the crowd.

because i had to prove to everyone that i really was the arsehole they always thought!

cynic
Point taken I suppose your next purchase will be SER at 25p

i know you tease ..... however as i have posted, of the mini-minnows i think SER is one of the better bets .... the problem there is that the stock is so illiquid that it can often be a nightmare to trade

"The Company was informed on 17 December 2007 that following an
acquisition of ordinary shares in Gold Oil on 14 December 2007, MF
Global UK Limited has an interest in 25,367,762 of the Company's
shares, representing 5.47% of the Company's issued share capital."

increase of about 6m.

High 14 and quite a dramatic fall on even sells, buys,wish i knew how these markets worked.

very busy 08 fast approaching. hope to see South XXI farmout soon.

i merely hope to see a profit!

the markets are very difficult to predict at the moment. So I think the answer is to be patient. I actually so my 50,000 goo when they dropped down to .12 and a half pence. I could have taken .14 and a half pence a few days earlier. Then I bought 80,000 back on thursday at 11.7p. I could have sold these yesterday at 12 and a quarter pence. this would have made a 400 profit. At the end of the day the chance to take the profit was gone. So I still hold the shares. This is the stock market for you. good luck all.

that is a very scary and risky way to make a very small profit, for that implies selling at the very top and incurring no charges.

Holding up well through the festive period Happy New Year to all you Gooer’s.

happy new year all

New article and analysis HERE

Good read,thanks share trader.

GOO looks like it's going up again today

And the buying continues.

clearly the demons have not noticed that i am a holder (again)!