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

Been away for a week and the sp takes of, held up well today with a good volume.

i think its a record for goo driver!.

tvc15-----So Man Fin increased their holding from the 9th to the 11th august by nearly 1%, long may it continue.
2517

i think fund managers are starting to come back from their holidays after collecting their big fees. they don't earn fees on paper profit, so they sell huge amount of shares to maximise their fees, then enjoy some top banana holidays in some coconut trees countries when sp drops to their lowest level from july to say mid august. when they return mostly at the beginning of autumn, they buy those cheap shares and hold on to them till february or march and the cycle starts again.
one thing is certain in this universe is CHANGE. things will always change, should we say: when it drops but does not die or still has plenty of life, one should buy more and more. my view is that GOO will reach 12p then 16p and 25p. however, do not underestimate GOO. fish can fly

makes the graph look more sensible if we can gain support trade sideways or slightly down until expected news flow. hopefully good.

Looks like we are finding support @10p,any thoughts

news now i suppose and we are due z34 or nancy imo. but rumour could offer something.

Gold Oil PLC
15 August 2006

FOR IMMEDIATE RELEASE 15 August 2006

GOLD OIL PLC ('Gold Oil' or the 'Company')
Shareholding

The Company were informed on 11 August 2006 that at the close of business on 9
August 2006 Mr Iraj Parvizi has an interest in and is the registered holder of
30,081,818 ordinary shares in Gold Oil, representing a total holding of 7.67% of
the Company's issued share capital.

Contact: Michael Burchell, Chairman on 01372 361772



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

Does anyone know who Mr I Parvizi is?

he has been invested for a long time- interesting that he has bought another 4 million at this time!

Yes Lizard very interesting as are the three t trades at end and close,tommorrow should be interesting!

He is supposed to be a professional poker player.

Well even 3 bigger trades just gone through , some one is very Keen!

Wow check out the huge buys after the bell, this will open 11p tomorrow

IT is nice that they all coming to our party. put the music on.
these guys know that GOO means business. welcome to our celebration
and serve yourself.

looking good, is ther something going on soon, some one knows something ,it looks like.

I just dont see the point of making an annoucment like this at this time of day. That is twice in as many days it has done this. Its a wonder 'what if' these announcment were made earlier, the price of shares may have reacted better?

I cant see the shares in the morning going to be influenced by this, can you?

DAVE7010
you bet, someone always knows. MR parjavi is longterm investor in GOO, and should have done his homework before filling up his plate more. it tastes good for him, he stays and wants more. I can't blame him.

TheMaster
Youre making a habit of your predictions.


TheMaster - 14 Aug 2006 20:16 - 624 of 643
See the 2m after hours trades of up to 11p, should open in the morning at 11.5p

TheMaster - 15 Aug 2006 16:45 - 639 of 643
Wow check out the huge buys after the bell, this will open 11p tomorrow

no point predicting -but the signs look encouraging. would not want to be out of these at the moment or for the long term!