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

nice little rise this morning

R88AVE

You spoke to soon.

Marcel it is looking good now! Them MM must be short of stock to rise the price without the rns

On the move again!!!

Marvellous!

Markus , is that goo on your face !

R88AVE

Looking very goon can sell 250000 @ 11.75 & only buy 50000 @ 12.00

LO, the buggers mm appears to be short of stock, push the price to 30p and I may consider selling half of my holding! LOL

Theres no holding this at the moment

dont know about selling at these levels im more interested in buying more.

Nice finish up 17%

yeah with awesome volume, some serious dealings today, things are certainly looking on the up. Someone must know something is coming and its going to be good!

surprised we are not seeing some new names on here. i look around at all oil stock minnows and cant find one id rather be in.

just imo but i like the goo strategy.

do you happen to know average volume, usually shown as over last 3 months?
for some reason cannot access Yahoo tis evening to check

cynic , the 50 day ma is about 6 million

news out today in the financial times rumours of an oil find in peru boost gold oil shares.

*There was also a strong showing from Gold Oil, up 17.1 per cent to 12p. The South America-focused oil exploration group was boosted by rumours of an oil find in Peru.

http://www.ft.com/cms/s/e3bbed4a-62fc-11db-8faa-0000779e2340.html

good luck to all in the investors room holding these shares. Looks like there will be a big buying spree today in this one. If and when the rumour is confirmed the share price will surge ahead quite fast.

well no rns this morning and an oil find in peru is nowhere near the same as saying that GOO have found oil.
in fact, that there is no rns implies that it is not GOO who have found oil, always assuming anyone has.

yeah we need the facts this time to keep momentum.