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

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).

"Gold Oil plc (the 'Company') announces that a total of 16,125,000 new
ordinary shares of the Company (the 'Placing Shares') have been
placed with institutions at a price of 4 pence per Placing Share,
raising 645,000 before expenses.

The net proceeds of the placing will go towards the Burdine oil
field development. In addition the company is in the process of
increasing activity across the portfolio of assets, as outlined in
recent operational updates.

Application for the new ordinary shares, which will rank, pari passu,
with all existing ordinary shares has been made to the London Stock
Exchange for trading on AIM. Admission is expected on or around 28
January 2009."

clunk ..... 4.35/4.50

MoneyAM
"Gold Oil unveils gross profits of 410,000 for the six months to the end of October.

But it had an operating loss of 1.4m after development expenditure and administrative expenses.

The company said that the fall in oil prices has not been reflected in the cost of services, particularly in Colombia, so it expects projects in Colombia to be delayed or minimised until the cost of services reaches reasonable levels again. "

Very quiet considering testing going on. Osage up 38.5% last night?.

Lizard , yeah it's all been a bit strange lately for my likeing ! To much selling going on as well , considering we could have some very goon news soon on Rosa Blanca !

There not all sells mcgrath, some buys have been going through under mid reported sells.

Lizard , thanks for that ! By the way not heard from Driver lately !

Your right Lizard i just gor 100 K for 3.8 , so pleased with that , lets bloody hope so !

29th January 2009

Gold Oil Plc (AIM: GOO)
("Gold Oil" or the "Company")

The company announces the suspension of testing operations on the
Rosa Blanca 1 well. The drilling rig is being demobilized after
testing of the lower and middle sections of the target reservoirs
failed to find producible hydrocarbons.
The Joint Venture partners, Lewis Energy Colombia, Osage Exploration
and Development and EMPESA will come to a decision shortly on whether
to re-enter the well with a smaller work over rig and retest the
middle sections and test the upper section encountered after
considering the logs, sidewall core, and data collated to date from
testing operations.
The technical information contained in this announcement has been
reviewed and approved by the Chairman of the board, Michael Burchell,
B.Sc., 68, member of the SPE and with over 46 years experience in the
oil and gas business.

For further information on the Company, visit:
www.goldoilplc.com
or
contact:


Michael Burchell Chairman Tel: 01372 361 772
Roland Cornish Beaumont Cornish Limited Tel: 020 7628 3396
Daniel Fox Davies Fox Davies Capital Tel 020 7936 5230




Notes to Editors

Gold Oil is an AIM-listed oil and gas exploration and production
company primarily focused on opportunities in Latin America. It has
oil production in Colombia and significant exploration acreage and
licences both onshore and offshore in Colombia and Peru.

---END OF MESSAGE---




This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.

Trust me to get my timing wrong earlier , should have guessed some thing was really wrong with this lately . Hindsight is a wonderful thing !

mcgrath1958
Im still here.

Driver , glad your still here , trust me to balls up at 10.44 today! What's your take on Gold Oil ? i still have some faith , but think we are in for the long haul on this now i am afraid to say !

It's been a long haul up till now so no change this will come good in the end.

is that when you hit the bottom of the crevass - i.e. the pain comes to an end?

Keep the faith, one well (that was a free carry) so what.
Portfolio has good potential imo.

Stupid levels and time to buy while everyone does a runner.
How much was the bid for?.