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

The Company were informed on 21 May 2007 of the following:

that at close of business on 18 May 2007, Man Financial Limited has an interest
below 3% of the Company's issued share capital.

http://moneyam.uk-wire.com/cgi-bin/articles/200705211646549787W.html

It a sell for Man Financial but some one has bought.

you guess or you know? ...... if so, would hope it's Mr P if only to prove that he has undying faith in the company, whereas i do not

well sell then.

holding is monetarily small so will hang on, i suppose, though without great enthusiasm

cynic
Man Financial reduced from 4.3% holding to 3% so they sold, but as I said some one must have bought.
The holdings are on the Research Page.

is that actually so?
surely deals are not necessarily matched so stocks could be on MMs books

cynic
Could be but there doesn't seem to be a over hang be it a small one.

ok ... thanks for the clarification

cynic
Have a look at drivers tips I have bought now before you had a look.

Good start to the day here.

cape
Again.

yes stunning indeed ..... no change at all at 6.25/7.00! .... what could be more exciting!

All i said is it is a good start,much better than of late.

not very exciting to me.

cynic
Time will tell who will be the winner goo-chp.

Driver,lets hope they are both winners.

its proving that chp are at the moment but absolutely f all idea why. considering the news flow recently.

mkt caps around 50m for chp and 28m for goo.

Lizard,it was simply oversold,in my opinion,just as goo is now.

driver .... or neither! .... lol