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

where did this come from- they are big numbers for goo.

article is 2/3 days old

obviously but some may have missed it- you are starting to wind me up. is there a filter on this thread.

If this rise is held today, it looks like we might have a chart breakout at last.

pth

rns coming?

Big broker trade 1,000,000 just went through at 8p.

a few more going on b to b. somethings going on ?.

Think all hell has broken out, the mm's are fighting for stock, RNS must be imminent

well certainly pretty heavy traffic though whether there is actually a shortage of stock is questionable. certainly managed to top up (with greed!) without any prob at all and sp has not moved for the last 2/3 hours

?.

Definite chart breakout on the cards. Could go anywhere now :-)

pth

like down the drain! .... lol

my target price is 12p within twenty days. hold on tight. sp ready to go.
please do not ask me how or why. we shall see.
do not understimate what GOO can do.

i dont- appears though a few do! not many new names on this board goo not that recognised yet imo.

Good luck to all holders great day today ... hope it holds 4 u

I added GOO to my watch list fri.last reading this bb looking for entry point waited too long ...;o\ ..... missed the boat how far will it go ???..... ;-/

under 10p a decent price imo!

Mainly due to be too damn busy and a little bit lazy....How do GOO compare to CHP in relation to current position and future value?.....Anybody?

not a Q that can be answered ..... other than the fact they are both E&P companies, they operate in different countries ...... neither is yet a producer, so could be worth anything or nothing.

just check the price at 1610 british time and the sp is 10p. hold tight.
goo is an eagle. top flyer, excellent management, top of the range business system in place. target price move to 16p. best luck to late comers.

rns