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

StockMarketWire.com
Interim operating losses at Latin America-focused Gold Oil fell to £110,000 in the six months to the end of October - down from £790,000 a year ago.

Revenues rose to £715,000 from £474,000 and gross profits increased to £379,000 from £164,000 while pre-tax losses narrowed to £135,000 from £806,000 last time

Chief executive Richard Mew said: "The company made significant progress during the period in developing its assets in Colombia and Peru.

"The short term focus has been to acquire, process and interpret 3D marine seismic data for Block Z34 which lies offshore Peru.

"Success in gaining a partner for the block on attractive farm-in terms is crucial to the future of the company.

"The company is also progressing its other assets and positioning itself for growth as opportunities arise and as market conditions improve."

Anyone got news? Seems to be rising.

parrisf----------piece in shares mag today.
2517

ps also rns.
2517

thanks george super news.

Impressive rise today, I held these 3 maybe 4 years ago and got out with a profit selling <9p. Thought about buying in but the sp rise and the fact that I have quite a few oilies put me off, but good luck.
2517

Still here guys.
Karoon's results on Z38 are 2.5bn barrels if you missed it on Friday.
Gold Oil's results are due in March.

There are also a load of recent presentations on the website if you are interested?.
http://www.goldoilplc.com

Let's hope they hit the black stuff. It's been a long haul!

More good news. The results have returned.

Anyone know the good news? This one seems to be moving at last.

Up 18% and going like a rocket. Is it going to fizzle out?

This is like the GOOD old Day's , obviously GOO News imminently!

If it is like the good old days, then the forthcoming news will probably be a disappointment! Hope not for all holders, but .........

Yeah , do know what you mean Harry! Let's hope for once it's good!

It would just be nice to get back in the money on GOO.

What a great share.

is it now

Not sure of the origin of this article, but will post anyway as it sheds some light on the current rise.( Apologies in advance to the originator. Fox Davies I think.):
"Gold Oil (LON:GOO) jumped 30% during afternoon trading on huge volume of 22 million shares, which is almost 5 times the average daily volume. The last update from the company was back on the 15th of March that said it has now completed the processing and interpretation of the 3D marine seismic Erika North and South surveys on Block Z34 offshore Talara Basin, Peru. Receives Competent Person's Report from DeGolyer and MacNaughton for 12 prospects identified by Gold Oil on the block. -Mean prospective resources certified by DeGolyer and MacNaughton total a combined 2.02 billion barrels of oil with a mean potential net present value of $ 2.6 billion. Farm out process is progressing well with the data room open and available to prospective partners from early February. Considerable interest in the opportunity has been shown by a large number of oil companies and in order to accommodate the level of interest, the bid deadline has been extended to early May. As we approach the bid deadline, I guess the speculation will start to make its way around the market, hence the move today."

and having been well ahead - at least in % terms - earlier this morning, guess what

Is it too late to get in on this one??