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

Wouldn't we all love to know what is driving this up like this lately?

COOKING OIL?

Cape
Don’t you mean nice quality expensive oil not cooking oil.

the best VIRGIN OLIVE,organic tooooooo

VIRGIN OLIVE I like.

Guessed you would like the virgin bit,meantime it looks like you got your 15p

massive volume again, even if the single trade of 10m is stripped out ..... even my holding is back in profit, and can't say that about much of my portfolio at the mo

Nice little top up form someone 14 shares.

Driver you forgot to mention 14 pence at close yesterday,you nearly got your 15!

Have good wkd.

Cape
May be next week, cheers.

For sure DRIVER,tues!!

cynic's spivvy stock makes a comeback!!!! Thats one off the list, maybe amerisur will do the same, VOG has come back as well, in this case seems patience pays off.

Wish I had stayed in it, hope it continues for you all.

recollect having a notional bet that GOO would prove to be a better dressed spiv than AMER .... so far, that looks the correct call

Well CYNIC,both companies are in thier infancy,so lets see the state of play in 5 years,holders of AMER are not spivs.

british bulls today saying sell confirmed at .13and three quarter pence. Keep an eye on this next week. Lets see if they right on this.

CT .... the descriptive of spiv goes back a long way in my posts .... don't confuse it with the wearers of shiny suits with some dodgy goods for sale on the cheap! .... that said, it is/was intentionally somewhat derisory, as both AMER and GOO (merely as examples) are out and out E&P companies, with no more substance to their share value than blue sky

Cynic , we all know that GOO will only be a major player once they do hit a large oil well. In all honesty the SP has done a lot better than any of us thought since coming out of the suspension period and breaking up with Minmet ?

i don't dispute it and am very happy that it is so (offsets in a very small way some of my horrors), but i shall stick with spivvy as a descriptive adjective of both GOO and AMER and could add a lot more to that list!

so Mr P now owns 15.75% and MF Global 6.23%, unless they hold as nominees for Mr P .... that is far from impossible as from memory, Mr P used to hold about 9%

yes IP been slowly increasing over last few years. last week bought 10.6m in one transaction.