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

B trade , a big buyer getting ready to buy?

fliper
Broker to Broker you could be right some one want the shares.

driver great new website- can you put link to website at top ?long term chart?.

espaceman- that IC article cracks me up they have obviously not done much research- questioning the buying of NOP -with the reasons being obvious to us but not them -

i.e THEY HAD TO BUY A COMPANY IN OPERATION TO GAIN 'OPERATOR STATUS' IN ORDER TO PURSUE THEIR PERU ACTIVITIES.

lizard
There is a link top and I have added a map.

Wow, what a GOOd day Friday was:
Over 3 million buys v only 300k sells.
Thats 90% v 10%
People are catching on fast.....so why isn't the price?

sockinafootsie- i reckon once we get approval from the ministry of energy 10+p. it is imo holding back for this confirmation!.

nice 500k+ delayed buy just went through.

Another tick up, been relatively quiet today but some buying now, long may it continue.
2517

lets see if we can improve on recent run 7.25-7.75 spread.

Most of my stocks are red with a little bit of blue from goo.

driver, same boat as you. may tomorrow shine favourably upon us

GOOd buying again today 1.5 million v just 286k
Price should be really soaring soon!

Price is looking modestly low this morning in terms of the recent demand for these
Sockkie

can't see these getting much further without news!- now confirmation from min of energy would see a sharp rise imo!.

Cheer up lizard!
We do know that they are way undervalued
and alot of money can be made on these !!!!
Sockkie

I might be wrong but with the Peruvian General Election due next month, there may be little reason for the Ministry to finalise anything at this stage.

What an absolutely spiffing day so far--------not.
2517

only thinking about approval 2517 -sp can do what it likes i think once this is received and build up to drilling could get interesting. mm look for any opportunity to play in between updates!.

Green09- not sure how this will work out?- we could either get approval before election or approval once election over i think it is set for 9th april.?.

talk about timing!.

Nice 400k buy.