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

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?.

HARRYCAT/ lizard-----yes it does make sense, the SA-1X well testing is planned to go ahead any time from 21 aug. I also thought CHP was expecting newsflow. I bought into GOO after DMOR as a result of lizard's enthusiasm for GOO, I'm up around 50% but intend to keep them for a while yet hoping to maximise profits (don't we all). Welcome aboard alinox. Good luck to all.
2517

2517- next stage equipment on site today operations to start friday 18th.

lizard
i would prefer buy at 9.50 38% FIBO retracement
BUT i can order only on GB PRICES BY my broker
0.08 0.09 0.10 is possible
0.095 is not permitted
therefore i have order a 0.10 PRICE
its to much
but 62% FIBO retracement at 0.08 GB is a far better price and a strong support
the overbought level disappear
i am waiting for 8 pence
if a pullback goes on i will buy more
if not its also ok

Hello All, I hope I get a friendlier welcome than Alinox got from a poster ! I have been following the post's on VOG, GOO, DES as well as many others for a few months now and it is clear to me that most of you have a great deal of experience in share dealing. I therefore appreciate that to most this will be a naf question but are you buying shares in certificated form, or using a Brokers Nominee function or are you using CFD's or the like. Although I have been buying shares for years both making and losing money I have yet to come to terms with the new methods of dealing. Take no notice of the name as it was the first that came to mind. Info most welcome.

nominee account for me, 32 a year with Lloydsshareview.

Hi Majormoney

Welome to the thread.

I am the wrong side of 50 and only started trading in April this year. I too have followed with interest GOO, BLR and FOGL and a few other in recent weeks. Small investment in each of these three. This is my first attempt at trading and have found dealing on the HSBC Internet Banking the simplest and reasonably cheap. No certs to worry about. On line dealing, up to date pricing etc. Have followed with interest the opinions of some of these guys. No immediate gains but good prospects I hope! Certainly use MoneyAM noticeboard with interest.

Useful link for you maybe www.oilbarrel.com

TVC15
please save money with hoodlessbrennan at 7 per transaction with first month
completely free instead of 15 with shareviewdealing. over time these costs eat
your profit. no annual fee with hoodlessbrennan plus excellent customer service.
log on to hoodlessbrennan.com to register if you want. best luck to you and to
myself.

Ok thanks George will have a bash.

MAJORMONEY
nominee is quick and simple in my view. it is also cheaper than certificates.
for cfd it is mostly suitable for footsie100, but if you get it right the profit can
be top banana compare to the cost. i think CMC is a top banana cfd provider.
best luck

TVC15
MY PLEASURE, I HOPE YOU ENJOY IT. TOP BANANA

potato head stop be racist to the french man. He is a newcomer like we all were once. He was only asking for some advice. Try to help him and not bring him down. back to goo not a lot happening today. Maybe tomorro.

Thx candolin thought i was on my own then,he does my head in.

Majormoney - Selftrade is 12.50 per trade, Sharecrazy is 9.00 per trade.
My advice is shop around, but trades are much quicker & easier on-line. Contract notes are available for each trade via pdf file from your internet nominee broker. You are advised to print each one for tax purposes.

Good advice harrycat. Some of my contracts did not arrive previous tax year, and I had to wait for the full years statement to come from brokers to match at the dealings up. I now print out contracts for each trade I do every day.

Majormoney, welcome and I hope you're enjoying things so far.

Definitely go for trading online (or at least holding the shares electronically if you prefer to deal by phone) - certificated shares these days are so much paperwork by comparison and also expose you to the risk of being targeted by boiler room operations who get people's names off the shareholder register and try to sell them worthless stocks (a big theme with Shares Mag as I am sure you're aware). I also suspect that being a shareholder with most companies, especially AIM stocks, doesn't carry the kudos and the perks it once did, so the incentive to hold certificates is gone in any case.

I work in an international custodian bank where everything is held electronically on nominee acounts and believe me, it's as safe as houses.

If you are thinking of getting into CFD's you should educate yourself thoroughly in advance as these are a leveraged product and carry significant risk to your capital (just ask the contributor who has had to remortgage his house to cover his potential losses!).

Good luck, see you around!

ST.