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

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?

Jamee
I have been a GOO shareholder more or less since they floated. I have topped up along the way bringing my average down a touch, but it is only this recent rise that has moved my holding into a reasonable profit. As it was a speculative punt in the first place I will see how things go, if they do a VOG or and shoot up out of all proportion to their value I will probably sell and be happy with the profit. If it is a more measured rise based on assets then I will stick it out for at least 1-2 years and likely more.

pth

i thought i would let you know a bought goo early yesterday morning and paid 12p for some goo then I bought some more a little later at 11.6 p paid a lot for these but I thought they were cheap when I bought them. I feel condifent It will all work out though. would habeen better if i had bought them today. i will wait and see what tomorro brings . good luck everyone in the investors room. keep posting.

Cando and pth..apologies for the questionning! But if you invested in goo when it floated it must have been purely speculative based prob. on management qualtiy. I have small holdings in EO. and SER. The former is purely (I mean really totally) speculative! But is this a good way to chose your stock! How do u compare investing in these AIM stocks rather than putting ur money in property

Can't be bothered to read all the posts since I last looked in, GOOs coming together rather nicely and pleased to be up around 20%.

Lizard how you doing? You've been in on this for some time and must have a decent profit with recent events..

Jamee

In answer to your first question, yes it was speculative but also based on a little research and the probability of finding something in the blocks in which GOO are exploring. SER is very much based on what they are known to have in the ground and that when they drill more wells production and therefore revenues will increase. Property I don't do, although I wish I had started 25 years ago :-) I would suggest that most serious investors split their portfolio, the majority of which will be safe and provide a good yield. The smaller portion, allocated to the more riskier plays, such as small caps.

pth