Gold Oil PLC Company News

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Gold Oil In Talks for Partner Offshore Peru
Gold Oil plans to seek a farm out partner(s), for its interest in Block Z34, offshore Peru.
8:00 PM EST | May 07, 2012
Gold Oil Granted License Extension in Peru
Gold Oil has been granted an extension to the current second phase of the license governing its operations over Block Z34 in Peru.
7:00 PM EST | January 29, 2012
Gold Oil Extends Survey, Seeks Farm-In Candidates Offshore Peru
"The extended survey is designed to enhance the attractiveness of the block to potential farm in candidates," commented Richard Mew.
8:00 PM EST | July 10, 2011
Gold Oil Inks LOI for Seismic Survey Offshore Peru
Gold Oil has signed a Letter of Intent with BGP Geoexplorer PTE Ltd with regard to the acquisition of a marine 3D seismic survey over Block Z34 offshore Peru.
8:00 PM EST | May 25, 2011
Gold Oil Enters Farm Out Agreement for Peru Block
Gold Oil has signed a Farm Out Agreement and a Joint Operating Agreement with Vale for its Peru Block XXI.
7:00 PM EST | January 30, 2011
Gold Oil Notes Rosablanca Well Plugged, Abandoned
Gold Oil announced that the Rosablanca-2 well reached a total depth of 2,883 feet and has now been plugged and abandoned following unsuccessful testing.
7:00 PM EST | January 30, 2011
Gold Oil Initiating Seismic Acquisition in Rosa Blanca Block
Gold is in the process of initiating the acquisition of a 60 km 2D seismic survey in the southern portion of the Rosa Blanca Block, located in the prolific Middle Magdalena Basin in Colombia.
8:00 PM EST | September 23, 2009
Gold Oil Makes Headway at South American Fields
Gold Oil has provided an operational update for the Nancy Burdine Maxine fields in Colombia, as well as for exploration and development activities taking place in Peru's Block Z34 and Block XXI.
8:00 PM EST | August 05, 2009
Gold Oil Makes Headway at Onshore Colombian, Peruvian Blocks
Gold Oil has provided an operational update for its business units in Colombia and Peru.
8:00 PM EST | June 08, 2009
Gold Oil Concludes 2D Seismic on Peruvian Offshore Block Z34
Gold Oil announced that SCAN has completed the acquisition of 2,013 km of 2D data over Block Z-34 offshore Northern Peru.
8:00 PM EST | May 21, 2009
Gold Oil Finalizes Seismic Acquisition for Block Z-34 Offshore Peru
Gold Oil has finalized a contract with SCAN to acquire seismic data over Block Z-34 offshore Northern Peru.
8:00 PM EST | April 29, 2009
Gold Oil Taps SCAN for Seismic Acquisition Offshore Peru
Gold Oil signed a LOI with SCAN to acquire seismic data over block Z-34 offshore northern Peru in late April.
8:00 PM EST | April 19, 2009
Gold Oil Appoints Country Manager for Colombia
Gold Oil has appointed Carlos Gaviria as the country manager for Colombia.
8:00 PM EST | April 19, 2009
Gold Oil Reports Rosa Blanca-1 Comes Up Dry
Gold Oil reported that the Rosa Blanca 1 well in Colombia did not flow any hydrocarbons during testing. The company is also preparing to take management control of the Nancy Burdine Maxine oil fields.
8:00 PM EST | March 22, 2009
Testing Operations Suspended at Colombia's Rosa Blanca Well
Gold Oil has reported the suspension of testing operations on the Rosa Blanca 1 well.
7:00 PM EST | January 28, 2009
Gold Oil Underscores '08 Operational Highlights in South America
Gold Oil's Chairman has issued an unaudited interim report to shareholders for the period May 1, 2008 to October 31, 2008.
7:00 PM EST | January 27, 2009
Union Temporal Get Go-Ahead for Workover of 3 Colombian Wells
Final approval has been received for the re-entry and workover of three Burdine wells located in the Putumayo Basin in the South of Colombia.
7:00 PM EST | January 13, 2009
Gold Oil, Partners to Commence Testing Colombian Well Jan. 12
The Rosa Blanca well in Colombia has been cased and cemented, and testing operations will commence on Jan. 12.
7:00 PM EST | January 06, 2009
Osage, Partners Elect to Case Onshore Colombian Well
Osage and its partners have elected to case the Rosablanca-1 well located onshore Colombia.
7:00 PM EST | December 29, 2008
Lewis, Partners Spud Rosablanca Well in Colombia
Osage announced that drilling commenced Saturday, Dec. 6, on its first exploratory well on the Rosablanca concession in Colombia.
7:00 PM EST | December 07, 2008
Gold Oil Grabs 50% Interest in Exploration Contract Z34 Offshore Peru
Gold Oil Caribbean entered into a Sale and Purchase agreement with Capricorn Oil and Gas for the acquisition of all the issued shares in Plectrum Petroleum, which included the acquisition of a 50% interest in the Z34 contract offshore Peru.
8:00 PM EST | October 12, 2008
Gold Oil Underscores Operations at Onshore South American Assets
Gold Oil reported that its San-Alberto-2X well on Block XXI onshore Peru does not contain producible hydrocarbons. The Company also provided an operational update for its onshore Colombia assets.
8:00 PM EST | September 22, 2008
Gold Oil Gets Go-Ahead for Onshore and Offshore Peruvian Concessions
Gold Oil has received an Environmental Permit for its Rosa Blanca Concession, onshore Colombia; an Environmental Permit for its Z34 Concession, offshore Peru; and an update on it San Alberto 2 well, onshore Peru.
8:00 PM EST | September 04, 2008
Gold Oil Calls on Option to Purchase Invepetrol for $4MM
Gold Oil has called the Option Agreement, announced on July 8, 2008 and extended on August 3, 2008, for the purchase of Inversiones Petroleras de Colombia S.A. for a total consideration of $4 million.
8:00 PM EST | August 17, 2008
Gold Oil's San Alberto XXI-2 Reaches Total Depth Onshore Peru
Gold Oil noted that on August 17, 2008, San Alberto XXI-2 onshore Peru reached planned Total Depth at 5,200 feet without any incidents or difficulties to date and is now preparing to log the open-hole section of the well.
8:00 PM EST | August 17, 2008
Gold Oil Place Shares to Fund Acquisition of Invepetrol, Colombian Assets
Gold Oil announced that a total of 22,950,000 existing ordinary shares of the Company have been placed with institutions by Blue Oar Securities at a price of 8 pence per Placing Share, raising GBP 1.836 million before expenses.
8:00 PM EST | July 30, 2008
Gold Oil Completes Sand Zone Testing at Palmera-1 in Colombia
Goil Oil announced that on the Azar Block, in which the Company has an interest of 18.4% NRI, the Operator has now completed perforating and testing the N Sand zone in Palmera-1.
8:00 PM EST | July 23, 2008
Gold Oil Spuds Second Well in Block XXI Onshore Peru
Gold Oil spudded well SA-2X, located in Block XXI, onshore Peru, this past weekend. Drilling is expected to reach a target depth of 5,200 feet and take approximately one month to complete.
8:00 PM EST | July 20, 2008
Gold Oil to Buy 95% of Invepetrol's Shares
Gold Oil Caribbean entered into an Option Agreement for $1 to purchase ninety-five percent of all of the issued shares in Invepetrol for a consideration of $4 million.
8:00 PM EST | July 07, 2008
Gold Oil Reports on Blocks Offshore Colombia and Peru
Gold Oil has issued an operational update on its Nancy and Burdine fields in Colombia, as well as additional blocks Offshore Colombia and Peru.
8:00 PM EST | July 07, 2008
Gold Oil Receives Environmental Permit for San Alberto Well, Block XXI
A suitable rig and testing tools are being procured, and the well completion design is being finalised. The Company is targetting a suitable drilling slot for late May or early June of 2008.
8:00 PM EST | April 30, 2008
Gold Oil Issues 1.75 Million Shares to Public
Gold Oil has been advised that a Notice of Exercise of Warrants for 1,750,000 ordinary shares of 0.025p has been received, and has accordingly issued 1,750,000 ordinary shares of 0.025p.
7:00 PM EST | February 17, 2008
Gold Oil Reports on Period Profits
Gold Oil Chairman Michael Burchell released a statement reporting on the company's progress on South American projects and on profits from May to October 2007. A split from Minmet yielded more than $5 million in unexpected profits.
7:00 PM EST | January 22, 2008
Gold Oil: South American Drilling
Gold Oil reports on drilling activities in its South American fields, including those in Peru and Colombia.
7:00 PM EST | January 22, 2008
Osage Farms Into Rosablanca
Osage Exploration and Development, Inc. on Friday announced a major Colombian acquisition in partnership with Gold Oil Plc and Empresa, a private Colombian petroleum consulting company in the prolific Middle Magdalena Basin.
8:00 PM EST | August 09, 2007
Cuba Grants Gold Oil Operator Status
Gold Oil Plc has secured qualification from the Cuban National Office of Mineral Resources, to act as operator for oil and gas exploration both onshore and in the territorial waters offshore Cuba up to a water depth of 100 meters.
8:00 PM EST | June 21, 2007
Gold Oil Wins Middle Magdalena Block
Gold Oil Plc has received confirmation from Agencia National de Hydrocarburos, that it has qualified as operator and license holder for the Rosa Blanca block in the northern part of the Middle Magdalena Basin, onshore Colombia.
8:00 PM EST | June 04, 2007
Gold Oil Isn't Giving Up on Peruvian Block
Gold Oil plc on Wednesday issued an update on the company's operations on its onshore Block XXI in Northwest Peru.
8:00 PM EST | May 08, 2007
Plectrum Reports 'Transformational' Year, Posts Loss
Plectrum Petroleum Plc on Thursday announced its preliminary results for the year ended 31 December 2006.
8:00 PM EST | March 28, 2007
Correction - Gold Oil, Plectrum Sign E&P Contract for Z-34 Block
BNamericas would like to correct an earlier report about Gold Oil and Plectrum's contract for Block Z-34 in Peru.
8:00 PM EST | March 14, 2007
Gold Oil, Plectrum Sign E&P Contract for Z-34 Block
Peru's state hydrocarbons agency Perupetro has signed an E&P agreement for the Talara basin's offshore Z-34 block with Gold Oil and Plectrum Petroleum, Perupetro said in a statement.
8:00 PM EST | March 11, 2007
Perupetro to Sign E&P Agreement for Z-34 Block March 8
Peru's state hydrocarbons promotions agency Perupetro plans to sign an E&P agreement for the Talara basin's offshore block Z-34 on March 8, the agency said in a statement.
7:00 PM EST | March 06, 2007
Plectrum, Gold Oil Garner Offshore Peru License
Plectrum Petroleum Plc and joint venture partner Gold Oil Plc have won an exploration license covering Block Z-34 offshore Peru.
7:00 PM EST | February 14, 2007
Gold Oil Set to Acquire Stake in Minmet
Gold Oil Plc's wholly owned subsidiary, Gold Oil Caribbean Ltd (Gold Caribbean) has reached an agreement in principle with Minmet (Isle of Man) Limited.
7:00 PM EST | February 12, 2007
Plectrum, Gold Win Nod for Offshore Peru Contract
Plectrum Petroleum said that it has received approval from Peru's government-owned oil company Perupetro SA (Perupetro) for an Exploration and Exploitation Contract covering Block Z-34, Offshore Peru.
7:00 PM EST | December 06, 2006
Gold Oil Commits to Phase 2 in Colombia
Gold Oil PLC said that it has, together with its partners in the Nancy, Burdine and Maxine License, advised Ecopetrol, the state oil company in Colombia that they intend to proceed with the second phase of the license.
7:00 PM EST | November 02, 2006
Gold Oil to Test Peruvian Well Later This Month
Gold Oil will bring in a heavier rig at its Peruvian exploration well San Alberto-1X later this month to pull the slotted liner and run and cement a new liner over the Palaeozoic sands allowing the hydrocarbon bearing intervals to be tested.
8:00 PM EST | October 01, 2006
Gold Oil Encounters Production Problems in Colombia
Gold Oil says approval was finally obtained from the Colombian Oil Ministry to start production but after only a few hours pumping out workover fluid from the well the pump suffered a mechanical failure.
8:00 PM EST | October 01, 2006
Gold Oil's Peruvian Well Encounters Hydrocarbons
In San Alberto-1X Gold drilled 2,300 feet of Palaeozoic and because of severe wear on the drilling equipment it was agreed with Perupetro to stop drilling at 5,113 feet, 135 feet short of the obligation in our Block XXI license.
8:00 PM EST | September 03, 2006
Gold Oil: Peruvian Exploration Well Logs Total Depth, Prepares to Test
London-based Gold Oil Plc said Monday that it was preparing to production-test its first exploration well, SA-1X, in Peru drilled on the San Alberto prospect in Block XXI.
8:00 PM EST | August 06, 2006