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

New team of what?

err thats hard!.

Just got in , wasn't expecting this nice rise ! Wonder what new's is in the wings? Pity those who sold out at 2p last Thursday etc !

Some good consistent buying going on , some decent news soon hopefully !

perhaps Mr P is trying to catch the falling knife!

Maybe he is , as we know he's brought most his shares at a lot higher prices than this !

trouble is, he now only has stubby fingers at best

Perhaps the bidder to buy out Goo is back? Although its not exactly flying sp has fallen a load.

Or maybe as Obama has started to lift the embargo on Cuba, the cuban exploration licence is being fast tracked! (Says he hopefully).

now that would be good. they have been negotiating these blocks for nearly two years. there is a lot of movement on oil exploration currently with blocks being handed out, as yet nothing by way of UK companies. Although Goo did secure Operator status which many fail to do, so the next step is to get the target acreage.

If that happens I am going to smoke a nice Cuban cigar !

as i don't smoke, please may i roll it for you on the inner thigh of a dusky cuban lady?

Now Cynic , that be a splendid idea !

"Gold Oil plc ("Gold Oil" or the "Company") was informed on 15 April
that John Gary Moore has disposed of 1,175,000 ordinary shares in the
Company and now holds 18,875,000 ordinary shares, representing
approximately 3.8 per cent. of the issued share capital of the
Company."

An update on all would be good!

Apparently GM is getting divorced or in other words taken to the cleaners!.

Slightly more positive news from Goo.

Some news could be coming soon , just been a mad rush on Buying / Selling !

Two things , this had shot up early on to 6.53 just after the opening , and now the bid is creeping up on very little volumn , interesting !

It looks like a number of stocks spiked at the same time this morning. My guess is it is a feed glitch & the spike is an errror, but I may be wrong.