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

nor is the sky allways blue. its a joke, dont take it to hart.

hart?- interesting day tomorrow perhaps. chart looking strong again.

all make your wish and wish together as one.

Comments noted soul t, but at some point mr.P. is going to want to cash in his chips, take profit & move on to other more lucrative ventures.
I agree there is no point in trying to second guess his intentions, but how & when to shift 30m shares without showing your hand is the tricky bit.
I don't think my holding will have the same impact on the SP!

mmmmmmmmmmmmmmmm! more to come i think!.

Looking good hey lizard,did not get my top up @9.75 but great to see blue

GOO IS REQUESTING PERMISSION TO BREAKTHROUGH 12P. THE PARTY MAY BE TODAY. be back later

Looking at the chart, it would appear that a Bullish Flag has developed, although could do with some more volume to confirm the formation. This move should take GOO to 14p or thereabouts (if confirmed).

pth

georgetrio

Would be nice I got in late @ 9.75 keeping an eye on ox to day !

volume increasing

Don't think there is much doubt now that volumes will increase today in comparison to the last few days. 14p next stop then :-)

(Err......I hope)


pth

not having mine!. long term hold.

whoosh!!

MM 5v5 :-)

keep hold-

tempted some profit taking, hopefully the buyers back again soon
great fun watching the MMs scrambling around on L2 :-)

pth

What I found interesting about the last spike was that all 5 MMs were fighting to be in pole position, hence the sudden rise. Makes me wonder what either one of them or perhaps all, think they know??

pth

pth- surprised just me and you on here!- this is looking interesting.

well, Lizard, we have both been waiting for this for a long time, perhaps we shall now get the rewards.

MM back to 5v5 again, hopefully more to come today :-)

pth

sell today my 20000 at 13p
30% profit
will buy if retracement
take my lessons on Canargo trade
see you later
good luck for the longs

Difficult to keep up with the MM activity, although slowed down somewhat now.
Still think we will see 14p mid before this current move is complete.
Expecting a further Bullish flag / pennant formation when it settles down. So a week of sideways trading and then another rise.
Mind you only if the expected news is good, all bets off if GOO disappoint.

pth