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

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!

Anyone know anything of Iraj Parvizi?

cynic, he is a famous poker player! Prima facie its unbelievable buy hey we've been joined by these boyz too

he has been building a relatively significant stake for about the last year. if he is just a poker player with lots of dosh, he is just (unintentionally) distorting the market or at least the volumes traded.

Cynic, it is confirmed..but hey surely if sees potential in GOO then it shouldn't bother us if the money is a result of hard earned cash or gambling. Progressive accumulation of stock is definately a good sign. Although one of out shareholders is now a big time gambler:-(

cynic, what are ur views on GOO. Can we see similar rises as we have recently! I mean will a successfull find see this sp increase beyond 16p? Whaty are your views on posters comparing GOO as akin to the next Cairn???

So he's a poker player, so what? Perhaps he is also a very astute investor? Anyone who buys a large holding in any company, individual or institution, will distort the market to some degree. Can't believe how dismissive you are Mr Cynic of this guy's profession. Who cares what he does? I'll tell you one thing though, as a major shareholder he will no doubt be privy to a lot more information than we are!!

pth

pth, I agree with you totally! If a poker player is investing in this stock then prob. us so-called pro's should be holding on tight (hence I didnt say buy more, as I have no more dosh to buy). PTH, what are u vierws on where GOO will be if it were to strike lucky?

By the way, I do value Cynic's view and I hope it replies to us in his usual way!

jamee

I think it is impossible to put a value on GOO with the information that is available in the public domain at the moment. If that journo was anywhere near correct, 10p is only the beginning. I am happy to sit back on my rather speculative investment and if lucky, reap the benefits sometime in the future. I remind myself the DANAs of this world started somewhere.

pth

.

spit it out Douggie :-)

Pth, could we ever compare GOO with Cairn

dunno jamee, all depends what they find in the ground :-) 20p will do me for starters

I have been suffering with all my shares...all down...and goo has provided a little breathing space though. how long have u been holding goo? And and what timescales are you working to? I mean if you holding for the long term then what is long term? 2-5yrs?