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

Second that.

hopefully some positive news on RB. May have some more if so?.

HNY U LOT, NICE MOVE TODAY.

Think there is positive drill news on RB about to be released.
Osage up 75%.

December 30, 2008
Osage Makes Casing Election on Rosablanca-1 Well

--------------------------------------------------------------------------------

San Diego, California, December 30, 2008 -- Osage Exploration and Development, Inc. (OTCBB: OEDV), in conjunction with its partners Gold Oil, plc, Lewis Energy Colombia, and EMPESA, SA has elected to case the Rosablanca-1 well. This decision was entered into after evaluation of the electric logs and sidewall cores taken from the well bore.

"The Rosablanca section was thicker than we had anticipated and we encountered 30 feet of the lower Tambor sand with good shows." stated Greg Franklin, VP Exploration, "We will perforate and test four different zones, and remain very excited about the prospectivity of this well and this project," he added.

"After drilling the Rosablanca-1, then taking logs and core samples, it is apparent that casing the well is in the best interest of the joint venture," stated Kim Bradford, Chairman and CEO, "we are pleased and encouraged by the preliminary information."

About Osage Exploration and Development, Inc.

Based in San Diego, California with production offices in Oklahoma City, Oklahoma, and executive offices in Bogota, Colombia, Osage Exploration and Development, Inc. is an independent exploration and production company with interests in oil and gas wells and prospects in the US and Colombia. www.osageexploration.com

About Gold Oil, plc

Gold Oil, plc is a publicly traded company listed on the Alternative Investment Market (AIM) operated by the London Stock Exchange. Gold Oil is an oil and gas exploration and exploitation company focused on Central and Southern America. Gold Oil has exploration efforts ongoing in Peru, Brazil, and Colombia. www.goldoilplc.com

About Lewis Energy Colombia

Lewis Energy Colombia is a Colombian subsidiary of a closely held US company that is engaged in oil and gas exploration, development, production, pipeline, drilling and production services in Texas and Latin America.

About EMPESA, SA

Compania Petrolera de Servicios y Acesorias S.A. (EMPESA) is a multi-disciplinary group of professionals with wide experience in the petroleum industry in Colombia. EMPESA executes well design, well planning, drill programs, and engineering/geosciences studies for customers in Colombia such as Occidental Colombia, Lukoil, Gulfsands, and Ecopetrol. www.empesa.com

Safe Harbor Statement

The information in this release includes certain forward-looking statements as defined by the Securities and Exchange Commission that are based on assumptions that in the future may prove not to have been accurate. Those statements and Osage Exploration and Development, Inc. are subject to a number of risks, including production variances from expectations, volatility of product prices, inability to raise sufficient capital to fund its operations, environmental risks, competition, government regulation, and the ability of the Company to execute its business strategy, among others.


For more information, please contact:

Kim Bradford, President and CEO
Osage Exploration and Development, Inc.

A nice buy at the closing bell , could be a good sign !

Drilling looking good, fingers crossed for Goo.

Looks like the rns will come next week then teddybear5.

RNS out on Rosa Blanca. Looks encouraging.

MoneyAM 7.01.09
Testing operations at the Rosa Blanca oil well in Colombia will begin next week, Gold Oil says.

The firm and its partners - Lewis Energy Colombia, Osage Exploration and Production and EMPESA - have decided that well had now reached total depth.

Gold Oil chief executive Gary Moore said that "the geological and petrophyisical data from logging and side wall cores are very encouraging".

operations update just out

MoneyAM
"Gold Oil says that its 58.05% subsidiary Union Temporal has received the final approval for the re-entry and work-over of three Burdine wells in South Columbia.

The Company says that all equipment necessary for the re-entries and possible work-overshas been purchased and the only remaining requirements are a low cost access road and a wire-line unit.

At the same time, following the end of a general strike in the Putumayo Basin normal operations have resumed at the Nancy 1 well Operated by Union Temporal and it is back in production at a rate of 321 bopd.

Gary Moore, Chief Executive Officer of Gold Oil, says: "The Environmental approval for the Burdine wells is the culmination of a project that was started nearly three years ago, and has taken a great deal of time and effort by Union Temporal to achieve this approval in a very environmentally sensitive area"

Very good news on NBM after such a long long wait.

Two of those wells are leaking oil so looks promising.

At least production testing has started. Await results.

Been away and missed the rns testing of first zone on Rosa Blanca has started. This structure looks huge 1.3bn bbl according to Osage.

4.75/5.25 does not agree!

Looks as though the mkt has written Rosa Blanca off already. Better chance than XXI imo at this stage.

better to have your money elsewhere ..... e.g. TLW was an ace bet this morning

cynic---------with hindsight so were many others, perhaps you could fine tune your timing, ha! ha!
2517

A few funds for Burdine. SP's looking attractive if you believe in Rosa Blanca (that is not easy to determine).