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

cant believe the pathetic static sp after 4m+ volume.?

3.8m buys v 400k sells. seller around?.

The word in the small cap oil sector is that Aim-listed Gold Oil is poised to make an encouraging announcement on its Block Z34 prospect off the Peruvian coast. The group applied for a drilling licence three weeks ago, and traders are betting that approval will be granted this week. Although the shares only added 0.13p to 6p, volume was good with almost 5 million shares changing hands and market makers said that almost all of the volume was on the buy side.

Independent (last paragraph)

excellent- Z34 is the prospect that attracted me to goo.

anyone topping up. if they can get z34 and nbm news out this week that is expected to be positive then im thinking of a punt.

It appears to take a hell of a lot of buying to move this stock up, but diddley squat of selling to move it down.
2517

Today (nor probably tomorrow) is certainly not a day to be donning your buying boots.

why not news tomorrow- expected but may come next week now. but z34 could come anytime possibly not nbm until insurance achieved and xxi update or possibly brazil.

re; XXI Peru drilling.

Reached total depth of 5113ft and preparing to log.

Gold Oil PLC
07 August 2006


For Immediate Release 7th August 2006


Gold Oil Announces that their Peruvian exploration well
San Alberto-1X is preparing to test after logging at total depth.


Gold Oil Plc ('Gold Oil'), the London-based oil and gas exploration company,
announces that on 7th August 2006 it is preparing to production test its first
exploration well, SA-1X, in Peru drilled on the San Alberto prospect in Block
XXI. SA-1X spudded on 11th July 2006 and reached total depth of 5,113 feet on
3rd August 2006.


The objectives of the well were the Tertiary Verdun sands that produce gas in
Olympic's Las Casita gas field 20 kms to the west of SA-1X and the deeper
fractured Palaeozoic quartzites that produce oil in PetroTech's offshore San
Pedro field 50 kms to the west. Logging and drilling results in SA-1X and
regional information require that both the Verdun and Palaeozoic are production
tested.


After circulating to completion fluid and running a liner over the Palaeozoic
the drilling rig will be moved off location. After clearing the location a
work-over hoist and test facilities will come on to the location.


The objective is to test the extensive Palaeozoic quartzites and the thick
Tertiary Verdun sands. The latter were logged and cased off before drilling the
Palaeozoic. The logs show that in SA-1X the Verdun sands are much thicker than
the gas bearing Verdun sands in the La Casita field.


Well testing is expected to start in two weeks.


Commenting on today's announcement, Gary Moore, Managing Director of Gold Oil,
stated:


'The results of the well are very encouraging and justifies the fast track
approach that Gold Oil has followed since the Licence was approved by the
Minister of Energy and Mines on the 4th of April 2006. The whole planning and
operation of the well has been an exclusively Peruvian one. Once we have the
results of the testing programme we shall finalise our future programme for
Block XXI.'


The technical information contained in this announcement has been reviewed and
approved by Mike Burchell, B.Sc., 66, member of the SPE and with over 44 years
experience in the oil and gas business.


Enquiries:


Gary Moore, Operations Director Tel: +44 (0)1737833597
Email:
gmoore@goldoilplc.com


Mike Burchell, Chairman Tel. +44 (0) 1372361772
Email:
mikeburchell@hotmail.com


Roland Cornish, Beaumont Cornish Limited Tel: 020 7628 3396.



This information is provided by RNS
The company news service from the London Stock Exchange

TVC15 MANY THANKS

early signs are looking good. if the md comes out with a statement like that he must be confident?. dont understand lack of trades though .this is very positive thus far.

Lizard,couple more mil buys should do the trick!!

theres one!

Nice rise thus far today, perhaps patience over the last 18 months is paying off :-)
L2 interesting 5 v 5. Only need one to break ranks and up the Bid and we will see another tick up and a closing of the spread.

pth

NICE one pth!!

pth- i cant get excited this is well below last years high. even after all that has been going on!. unbelievable.

Lizard,have to say i am exited,good to see blue,could it be that caution is on investors minds,VOG,EME,to name two,just a thought.And RIFT for that matter .

agree- so much in the pipeline in many s amercian countries and r8 later in year brazil.

nancy due any day and brazil blocks confirmation also z34.

Not excited, just encouraged to see some upward interest. It's going to break out of this range sooner or later. I just hope the break is Up and not Down!

pth

ENJOY the moment lizard,its up 18%