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

Lets hope so , something is Driving this up in the back ground!

Looks kike we could break out this week next stop 20p

i lied harry ...... have just checked and never sold ..... at least now back to break even - at least until market opens and we can see how bad the knock-on is from US

mentioned in media.
far east company hoping to build stake in Gold Oil.

daily express.

Large sell/buy just gone through at 13.0p for 10,600,000. Who was it?

10.6 mill trade gone through at mid,have our middle eastern investors started the buying!

Cape
You could be right that was a big buy or the sp would have gone down someone wants this stock.

Driver,looks like this is the start of a new buying regime,14p by close i reckon.

There is a distinct lack of sellers @13.25 this morning.

Cape
Disagree 15p + by close.

a number of wells to be drilled soon. so possibly worth holding for these at very least. just imo.

LIZARD,no way am i selling just yet,lack of buyers @13.50 now,

Wouldn't we all love to know what is driving this up like this lately?

COOKING OIL?

Cape
Don’t you mean nice quality expensive oil not cooking oil.

the best VIRGIN OLIVE,organic tooooooo

VIRGIN OLIVE I like.

Guessed you would like the virgin bit,meantime it looks like you got your 15p

massive volume again, even if the single trade of 10m is stripped out ..... even my holding is back in profit, and can't say that about much of my portfolio at the mo

Nice little top up form someone 14 shares.