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

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.

SP has held well since the 32% spike. However, a short term double top may have developed over the last few days. Keep a close eye on the SP tomorrow morning, any fall could lead to a drop to very strong support at 8p. Possibly a chance to lock in profit and re-invest at a lower level.

pth

I see the thread has some new members gooies or newbies are all welcome there are no experts here so dont be afraid to post any thing you want to say then we can all get rich together.

Just for the record potatohead is an idiot, very quick to ramp, abuse and shput the odds with no evidence. I'd personally take him with less than pinch of salt and newbies shouldn't be discouraged. Theres always an idiot on free BB's and moneyam has their share of them.

thx explosive

thought i was on my own

Plenty of support here capetown, potatohead should be banned for his consistant ramping and abuse to others!! It'd be no loss to the site if he were, I've yet to read anything I'd consider to be a contribution to a thread posted by him/her.

Yup, just look at his MIL ramp.

And SER joint effort with 'The Evil One'..... Annoys me to see newbies get sucked in unaware its all just hype.

Thanks to all for the info. Have been using Hargreaves and Lloyds for buying certs for years and only lazyness has prevented me from sorting out online account. ST you are correct the paperwork is a pain and expensive. I will start to enjoy things again when my shares return to Pre May sell off prices, VOG hits big gas, GOO gives great news, FOGL, DES and RKH get a Rig and MOG finds an elephant field. I can wait a bit for EO and GPC. Thanks to all again.

majormoney nice to see ur interest in EO. It has been a crap share for me but I have faith in it!

And where is he when he should be defending his name?