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

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.

yes agree. holding whatever XXI results.

Yep. Also holding. Am anticipating good news.

IT is almost impossible for PERU xxi to come negative, GOO knew that. Too much oil in place

Have I smell OIL or is the news coming soon? I will stay put till the party begins.

A number of Plectrum Petroleum PLC Directors bought shares in the Company......

-CHAIRMAN... Mike Whyatt acquired 150000shares....holding...8.18million shares...4.55%

-COO.....Mike Evans bought 100000shares.....holding.....7.45million shares...4.14%

-FINANCE DIRECTOR JIM BAIN bought 100000shares...holding2.2million shares...1.23%
source: LONDON AFX 31/08/06

Please remember that GOLD OIL has signed a joint venture agreement with PLECTRUM PETROLEUM on the 8th May 2006 in relation to the top banana PERU BLOCK Z34
Looks to me, they are preparing for the party too but the funny thing is that nobody else tries to mess up with the chairman. CHAIRMAN always get the lion share. Wisdom i think (lol). However the best thing is that the Finance Director has bought too. Nice one
best luck

Something must be imminent, there has been a lot of 100k shares order going through during the past few hours...mmm I wonder

Harry

Re your post commenting on TA. The rise to 14p last week although not entirely predictable did fit with a bullish pennant formation and the closing price of 14p was exactly as expected once the formation was confirmed.

TA is obvioulsy not infallable, and recognition of the varying patterns is somewhat subjective, but quite often it does work :-)

pth

4M Broker to Broker trade just gone through. Only EVO holding this back on the Offer at 15p,the other four 14.5/15.5p.

pth

Comments noted pth.
It was just that the chart on SBT went against the norm.
But I agree, TA is generally a good indicator.