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

sold a third of mine. profit was just to tempting. been in since 6p but dont think we will see those days again. will see if i can get back in at 12p in next few days or look elsewhere to spend my gains
Alex

robertalexander
spot on, i will be buying more at 12p as well, for the next target of 25p. that will be 100% profit to take home. never underestimate what GOO can do.
best luck

georgetrio

What a day that was !! ps ox held well to

SMILER
YES, I HAVE SEEN IT, IT ZOOMS TO 30P, I THINK IT'S STILL MORE TO FLY, YOUR OXS. GREAT. HAVE YOU SEEN GOO IN THE SKY TODAY?

georgetrio

YES Good day for GOO, I was tempted to buy some when they droped to 12.50 at one point, but was not sure !

SMILER
NEVER MIND, HOWEVER OXS IS COMPENSATING BIG TIME. I BOUGHT MORE FAO TODAY AT 2.85P. NICE ONE BUT WILL BE BUYING MORE BEFORE THE PARTY STARTS.

georgetrio

Me to @2.87 ALSO BLR @1.27 also hoping RIFT was going to go to 4.50 buy, but never did

SMILER
GREAT, AND WELCOME ABOARD FAO AND BLR. yes rift at 4.5 will be perfect for entry. finger x. i always like BLR for nearly a year, but i only join the BLR game recently. my worry was the balance sheet but now they're working harder to bring their asset into production, which is nice. i'm in BLR FOR medium term, but i may stay longer if they strngthen the balance sheet or should say if the party last.

nice day for goo no.1 gainer. i think this company is worth holding whatever outcome on XXI. they have a lot in the pipeline, but a positive outcome on XXI could really start them off. Z34 in 07 (less speculative than XXI). brazil colombia perhaps cuba chile or argentina. there are many opportunities in s america and with moore imo they have a decent negotiator/deal maker. would like to see them expand board but obviously need some success to justify appointment.

Took some profit,not every day you get a rise like this,helps pay the bills,still in for nothing,will keep the remainder for long term investment now.

Have to wait and see what happens next. Without news I believe we will see a slight softening of the SP over the next few trading days / week. Hopefully forming another pennant / flag. From a TA perspective this 'move' should now be complete. The SP has moved the requisite amount from the measuring point 10p-14p. Could offer some better buying opportunities for those so inclined.

pth

topped up with another 60,000 shares late afternoon at 13.8p. i have a good feeling for this one. keep my fingers crossed for us all for next week. have a nice bank holiday week end to every one. from janet formerly candolim.

so far goo are mentioned in sat ft, telegraph and independant.

was out mall yesterday, so what a nice treat to pick up this morning ..... shall probably put in a trailing stop as i am away fro whole of next week in France on a jolly cycling trip in Perigord ..... Meanwhile, back on subject, Telegraph snippet was perhaps interesting for it stated that the company did not know of any news that should require them to make a formal statement - i.e. (perhaps) that there is some news which has not yet reached the critical stage demanding an RNS

lizard, can you tell me briefly what the newspapers are saying. is it good news? there were a few large buying deals going through just after close yesterday. You put me on to a good one here lizard. Thankyou. Look forward to your reply.

Piece in today's Mail that Goo's rise was due to Gossips that Gold have struck oil on their first exploreationary well in San Aberto! Pullback in price then due to RNS issued!

surely if if Mail article appeared TODAY that is after close yesterday..... if so, pullback likely just to be closing of positions and a bit of profit-taking before long w/e

also ties in with Mail saying "gossip" and GOO saying no notifiable news yet

janetbennison. a very long way to go yet but early signs of the company look encouraging. articles are all in line with each other same speculation. ft quoting similar numbers as d mail a few weeks back. 10m+ barrels would be good 200m a company maker (goo 100% stake on XXI). with Z34 due to start in 2007- 1m acres offshore. my reason to hold goo long term.

not taking any guesses in the media as stone though.

from the ft;

'Although the company could offer no explanation for the rise, traders attributed the gain to rumours of exciting results from production testing at its first exploration well in north west Peru. Recent press reports claimed Gold Oil, valued at 53m last night, could be sitting on 200m barrels of oil'.

Going back to the Telegraph artical they have meant to written in not 13.75p but
13.75 which made me sit up when having read it.

lizard bought ft on saturday and read the article on goo. Although only speculation. If it was proven that the 200 million barrels of oil existed the the company and share price would rocket. What would the company be aworth then? I would also think a lot of people are going to get very interested in goo and start investing in the shares. As the shares are at present .1375p This still is a very low level of price to pay to get involved. If the results in peru are good, then this price will be history. keeping my finger crossed for next week. I told a friend of mine about goo 3 weeks ago. He bought 50,000 at.5and a half pence and then some more at 6 and a half pence. He is highly delighted and said he is not selling. He his hanging on long term. Aticles in the ft, independant etc. A lot of readers who have never heard of the company will now start to look more closely at this one. Good luck everyone and lets look forward to the party.