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

i think the brazil jv with proen could be good for goo. round 8 bidding in november.

This is the best time for GOO to come up with some excellent news but no one can underestimate GOO imho. bring it on. the news

?

pth - Not sure chart analysis is much of a guide at the moment.
The market is up today and many of the exploration stocks have ticked up, even though they have no news. At some point, when the market dips as a whole, then profit takers may cause the sp of GOO to dip. I think it should bounce back again, however, just on sheer speculation.

http://www.advfn.com/p.php?pid=nmona&cb=1156952149&article=16651329&symbol=LSE%3AIVK

Gold Oil 14.75 up 1.50
Positive production testing update from Peru thought imminent

This is mentioned in the above link.

tvc15 - Link has to be password activated.

Any other news in the article?

Here is the whole article, scroll down to GOO, that's about it for GOO.



London shares - midafternoon features

LONDON (AFX) - FTSE 100 risers
Enterprise Inns 1,022 up 28
Deutsche Bank 'buy with target upped to 1,200 pence from 1,060
Wolseley 1,138 up 49
Stock overhang cleared; US housing market recovery hopes
BT Group 248 up 3
Yield considerations
GlaxoSmithKline 1,496 up 29
Merrill Lynch 'buy'
Persimmon 1,244 up 5
Merrill Lynch 'buy'
Slough Estates 663-1/2 up 1
Merrill Lynch 'buy' with target upped to 750 pence
Anglo American 2,322 up 44
Citigroup 'buy'
Unilever 1,258 up 10
Morgan Stanley ups ests
Scottish & Newcastle 550-3/4 up 3/4
Deutsche Bank positive
BAT 1,457 up 10
Deutsche Bank positive

FTSE 100 fallers
Corus Group 392-1/4 down 8-1/4
H1 results disappoint
Drax Group 900 down 2
Morgan Stanley cuts target to 745 pence from 765
Rentokil Initial 150-3/4 down 3/4
Analysts' downgrades yesterday
British Airways 408 down 6-3/4
Profit-taking

FTSE 250 risers
Filtrona 287 up 18
Better-than-expected interims; UBS 'buy'
Johnston Press 400-3/4 up 18-1/4
Recovery hopes after H1 results
Luminar 540 up 21
Panmure Gordon repeats 'buy', 640 pence target
Helphire Group 397-1/2 up 14-3/4
FY results Sept 11; Lehman starts coverage with 'overweight' & 443p tgt
JD Wetherspoon 450 up 9
FY results due Friday Sept 8; Lehman 'overweight' from 'underweight'
Paragon Group 642-1/2 up 16-1/2
UBS initiates coverage with 'buy'
Mitchells & Butlers 553-3/4 up 1-1/4
Morgan Stanley ups target to 520 pence from 480 & ups ests

FTSE 250 fallers
RHM 280-3/4 down 9-1/4
ex-dividend
Inchcape 497-1/4 down 10-3/4
Buys 75.1 pct in Russia's Toyota/Lexus ops, Dresdner Kleinwort downgrades
LogicaCMG 156-1/4 down 3-1/2
In-line interims, some margin disappointment, mixed broker reaction
Cobham 173-3/4 down 1-3/4
Withdrawal of speculative interest
Wolfson Microelectronics 476-1/4 down 4-3/4
Talk of slowing ipod sales
Cobham 173-3/4 down 1-3/4
Bid talk dies down

Other risers
Hemscott 52-1/2 up 11
Agreed 53 pence-a-share cash offer from Centerpoint Data
Chieftain 142-1/2 up 17-1/2
Bumper half-yearly results; dividend up 60 pct
Radstone Technology 366 up 41
360 pence-a-share approach from Eurotech
Gold Oil 14.75 up 1.50
Positive production testing update from Peru thought imminent
Secure Design 162-1/2 up 10
Buys 300,000 shares in Fingerprint Cards
DA Group 38 up 2
Upbeat AGM statement
Ridge Mining 39 up 3
Sells 50 pct of Blue Ridge project for 42 mln usd
Adventis Group 38 up 2
Contract win
James Fisher & Sons 510 up 16
Bumper interims; Teather & Greenwood 'buy'
Hunting 405 up 11
Teather & Greenwood 'buy'

Other fallers
Rotala 1.37 down 0.50
Interim losses widen year-on-year
Molins 99 down 13
Mixed H1 results statement
Playwize 8 down 0-1/4
Swing to FY losses
Homestyle Group 116 down 2
61-week loss; Seymour Pierce 'sell'
Costain Group 47-3/4 down 2-3/4
Swing to H1 losses
Clarkson 971 down 87-1/2
Interim pretax profits down 29.5 pct
SMC Group 142-1/2 down 7-1/2
Interims; awaiting bid developments
Pace Micro 52-1/2 down 1
FY results due Monday
Beazley Group 112 down 1-3/4
Interims pretax profits fall, hit by weaker dollar
newsdesk@afxnews.com
gl/dlh/hco/rar

COPYRIGHT

Copyright AFX News Limited 2005. All rights reserved.
The copying, republication or redistribution of AFX News Content, including by
framing or similar means, is expressly prohibited without the prior written
consent of AFX News.

AFX News and AFX Financial News Logo are registered trademarks of AFX News
Limited

O.K. - Thanks for that.

RNS Number:2684I
Gold Oil PLC
30 August 2006


FOR IMMEDIATE RELEASE 30 August 2006



GOLD OIL PLC ("Gold Oil" or the "Company")
Issue of Shares



The Company were advised on 18 August 2006 that a Notice of Exercise of Warrants
for 4,043,000 ordinary shares of 0.025p had been received and accordingly issued
the appropriate number of ordinary shares.


Application will be made to the London Stock Exchange for the new ordinary
shares, which will rank pari passu with all existing ordinary shares, to be
admitted to trading on AIM.


Contact: Michael Burchell, Chairman on 01372 361772



This information is provided by RNS
The company news service from the London Stock Exchange

END
IOEMGGFRNGZGVZM

interesting!

Uk- Analyst.


Elsewhere, shares in Gold Oil added 1.125p to 14.375p on talk that the group was set to announce some positive news from its Peruvian operations. This followed weekend reports that the group had started logging its San Alberto 11 well on block 21 in northwest Peru .

goo holding up well , looks like it will stay around 14 untill news .

I am waiting for the news, it will be perfect. more acquisitions in the pipe and more value as we enter the next phase of the celebration. hold on tight.
best luck

not getting ahead of myself until we hear the outcome from the company.

The waiting time is now, over to GOO. The support is great and just; but the news is highly expected. I remember in the book by BENJAMIN GRAHAM called
THE INTELLIGENT INVESTOR, he talked about emotional discipline. First i tought why? but he is right. There you have it, emotional discipline when investing.
Seriously not easy.

hold on for next party mood.

UPDATE ON BRAZIL.......


Bit of an update re Round 8 Brazil (which we are involved in) just out:


ANP restricts bids in round 8 to increase competition

Released : Thursday, August 31, 2006 10:52 AM

Brazil's hydrocarbon regulator ANP has restricted the number of blocks for which a company can bid in the eighth exploration licensing round scheduled for November 28-29.

The restriction is designed to increase the number of competing companies, an ANP spokesperson told BNamericas, confirming local press reports.

According to draft bidding rules, a company cannot bid for different blocks in the same session, even if that company forms groups with other bidders.

The decision comes after the national energy planning council CNPE said that 284 blocks in seven different basins will be offered at the licensing round this year.

Large oil companies such a federal energy company Petrobras (NYSE: PBR) often bid for blocks close to strategic areas in order to block out competition.

Petrobras will likely question the rule, news service Agcia Estado reported.

In 2005, when the government offered more than 1,100 blocks, no such restrictions in bidding existed.

According to ANP's schedule, data packages for the 284 blocks are available this week, with access costs varying from 15,000 reais (US$7,000) to as much as 150,000 reais.

ANP plans to publish final tender rules and concession contracts by October 13.

Copyright 2006 BNamericas.com

the news is taking a long time coming, but so long as the news is good, then it will have been well worth waiting for. lets see what tomorro brings. A lot of the market is well down today, so goo has held up quite well I would say. best of look to all in the investors room. I have topped up today at 13.95p. I am feeling confident. Are all of you out there?

janetbennison
If the news is negative the sp will take a battering but will recover GOO have got more than one trick up its sleeve. So yes is the answer.