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

don't know guv ..... only have 1/3 norm stake here, so not a big deal for me

I begin to wonder why there was a necessity to suspend the shares . After just a few days, and the dust having settled ,the price has gone enowhere and the market seems to be saying "so what" business as usual with the price languishing sub 7p.Long time holder starting to get weary of lack of results.

The usual frenzy on the hype, then sp settling back to +/- 6p. Only good drilling news will help this stock now, imo.
It is my understanding the suspension came about because both companies were not able to release their news at the same time. It looks like GOO were ready, but feared a press leak & therefore suspended trading.

Halifax are showing the SP as 8.1p

I have just noticed the price on money am at .0810p It must be correct. I wonder why the price has gone up. Does anyone have any ideas?

this price is showing on the london stock exchange and on the teletext share page so it must be correct.

wouldnt get your hopes up too much!- think its lse problems!.

The last buy yesterday was at 6.9 its now at 6.85 so its actually down a very small percent so holding up quite well IMO

GOO finished up the last buy was 7.23

My screen shows us at 7.13 either way good recovery and should mean we are on top form for a blue start imo

fatgreek
There was a buy at 1628hrs at 7.23p

A nice bright start to the day , may it continue!

lets hope so

Good start to the day,lets hope we get a slow upward trend and one that holds.

so the latest burst for glory is more like burst n gory with sp now back below here it was 2/3 days ago on a relatively strong day in the market

imo the only thing that can give some momentum is drilling- which has been severely lacking in the last year.

first half 08 may be interesting however.

SP is holding up well.

GOO on the move. Currently bid 8.0, offer 8.1p.
Volume is moderate. No news that I can see.
Maybe just day traders???

I just had to look twice!!!,and will look again,news must be on its way?

Now 8.1 / 8.35p
If it's news on the way, how does anyone know that?