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

PT .... you are much more cynical than I ..... believe me, if this chap were the company van driver, he would be far more likely to have true inside info than any investor - and I am not joking!

lizard
Theres also me who has ??????? shares, topped up this morning.

Assuming the Dubai based business man with large stakes in Futuragene, Wilsaw & GOO is the same guy who plays poker, lets hope that his stock selection is better than his poker playing, 'cos he has only won $8335.00 dollars so far!

This link shows you what this guy holds in stock:

http://www.sharecrazy.com/share2607share/share.php?disp=major&epic=GOO&holder=Iraj%20Parvizi

thanks for that info ..... if you look at the link you kindly provided, it can be seen that he actually trades, albeit in large blocks

well his got 30m shares so he must be good at something!.

anyone can explain me the bid and ask on moneyAM
WHYis the spread so great?
A this the market's maker bid ask?
PS: i am french and known not the rules of the AIM
THANKS for an answer

cause you are a frog

POTHEAD

YOU are a DISGRACE!!!!

your a minger

YOU are a stupid racsit idiot and you know it,i am amazed you are not on here shouting 1 by 2pm.He asked a question thats all so grow up

SEE if you can spell it,what you are that is!

Strange. I thought this was all about trying to make money. As usual in the U.K. the minority spoil it for everyone else.
If you want to voice idiot opinions, go somewhere else (preferably far away).

ALINOX

BIENVENUE

BID= PRIX DU VENDEUR
OFFER= PRIX DE L'ACHETEUR
BUT IT DEPENDS ON YOUR STOCKBROCKER AND ON THE AMOUNT OF SHARES YOU ARE BUYING OR SELLING. DO NOT GIVE UP AND WELCOME

alinox- bid price you can sell at - offer price you can buy at!.
the spread at the moment on goo is tight aim listed stocks can be around 20-25%.
you can trade within the spread quoted.

Salut Alinox,
Also the spread is to discourage buyers from immediately selling again.
This is more common with the cheaper, high risk stocks.

Apart from GOO several of the oil minnows (CHP, PELE, SER) seem to be out of favour atm with very few trades, and those are sells.
2517

goo has a fair bit of news expected the reason i suppose. nancy1, z34, xxi

That makes sense 2517.
EME, RKH, DES etc are all waiting for different news relating to drilling, rigs etc.
So the trades are all focussing around GOO and those companies who have very imminent news.

thanks for your answers
no thanks pour la PATATE pouah -impolite-
buying 20000 at 10
will buy 20000 at 8 on pullback
reasons: breakout all time high 8 on close
with vol (darvas principe)
mov averages 14 30 50:: slopes growing
time will tell
i am also on canargo AMEX

good luck alinox- you will be doing well to get 8p.

why buy at 10p if you are expecting 8p?.