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

Loads of volume last few days, something brewing?

Gold Oil could be much higher in a short space of time. A BUY in my opinion
Up 7.9% this morning
s

after that recommendation i'll put my house on it

Not a bad idea Current price 6.2p to buy.
Totally speculative

s

Nice "W" double bottom formation completed

Bid 7.8, Offer 8.5p
No news yet.

Driver , you must be amazed at this strong rise ! The waiting has now been worth it ! Stephanie , you was on the button yesterday! What will be the news we are waiting for , the Market knows something like they nearly always seem to !

58
It was only a matter of time still not happy my GOO is pained by my SER.

There is a link to the FT suggesting significant oil find in Peru

?

yes, i read it. i like that word FT used"SIGNIFICANT"!!!
FT wouldn't print anything unless it came from significant source.

Got a mention in today's Daily Express:

'Gold Oil which has doubled on talk of a positive update on its Colombian licences, eased 0.2p to 8p as traders picked up rumours of a fundraising'.

don't think that is true tvc15 (the funding bit)

I wonder what they refer to as being a 'significant find'

?

taking time with that news!!!

Could be some news shortly , a million shares brought up in the last 5 minutes or so !

thats 50k spent then

A decent rise today , will we see 6p tomorrow , let's hope so ! Something in the back ground stirring this share northbound ?

Dreams!!!

Strange trading days , yesterday everyman and their dog was selling, today so far , dead quiet ! Just wierd !

Hopefully news soon on Burdine, XXI, and Z34.