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

Well I top sliced yesterday,all my shares are for free now,have seen my profits evaporate too many times before to let this happen again,still got a substantial holding and my stake is back in the bank.

Have I missed the boat here ????

long term bhunt1910 i would say not. there is a lot going on here - goo still in its early stages having only floated in late 2004!.
go through the website.

http://www.goldoilplc.com

i wouldnt sell for 30p let alone 10p. a positive outcome from XXI would be a bonus as Z34 for me is their no.1 play. Brazil jv could be very prosperous round 8 bidding november.

Thanks for the link Lizard - will do some research

lizard
you have done a great contribution lately. many thanks
best luck

Hi
Candolim.... Dont post on this site too often. My main contributions are on ADVFN.COM

BHUNT1910.... At 10p you certainly have not missed the boat. But that price will be difficult to obtain on Monday

Lizard...Totally agree with your sentiments. However are you being a bit conservative when you say 30p!!!
GOOd Luck

REgards
SM
stephanie.speculator@gmail.com

stephanie on monday I am hoping to sell some shares in a company I have had for 2 years and take a loss, and then put the money straight into goo. I tend to agree with your comment that the goo may be difficut to buy at 10p, especially now things are happing with the company next week. I also do not see the price of 30p per share being out of the question mentioned by lizard, should there be good results over the next fortnight. must say I am feeling quite confident. good luck to all investors in the ivestment room. I am buying 30,000 more shares tomorro I had a price in mind of 11p, but if I have to pay a little more, then so be it. I cannot see the price dropping now, but I could be wrong. Too much going on now for that. More and more people dealing in these shares by the day.

i also have sold my shares in vog oil and gas to put on goo, having read all the good things happening in goo lots of more good news to come, this is the one to make you or break you, good luck, go for it, dave. i now have 50000, and getting more monday.

dave, i have not sold my vog, but tommoro I am selling vcp this is another company called victoria, and has not done anything since I bought them, will be taking a loss though, but not too much. Good luck, if you are the dave I know in nottingham, then give me a ring please.

now, i think, everybody believe fish can fly. i can't stop to say that GOO is a top banana company. when investing, i use a simple method. i check
1/ the management
2/ the business system
3/ the product
i was very impressed by the goo management but above all by their business system: which is, make a deal, turn it around quickly to increase shareholders value. very smart. now the product is oil and gaz, now i don't have to tell you what you already know.
BEST LUCK TO ALL AND TO MY MYSELF

cynic have a look at your emails and let me know if you have received my email yet.

I have and already confimed same on VOG site!

BUY LOW SELL HIGH!

except one never knows when low is low or low enough!

nancy or z34 this week?

over 6 m shares sell at 10
2 blocks

strange goings at goo. a lot of shares moving around?.

people who bought GOO at 4p 0r 5p will take maybe twenty per cent of their profit which is quite normal, the sp may drop a bit before the second trend of rising.
nothing unusual. best luck

i'll settle for a flat / small loss day after friday. steady the boat. 40m+in two days trading.

Very sensible advice georgetrio, but the bottom line is the same with them all (EME, DES, RKH, VOG, ELP, etc). They all need to find and extract oil or gas. Some of them are plugging bore holes & moving on and the share price drops accordingly.