A lot of the decline in the SP has been down to the new found excitment in Oil Producers over Oilers who are searching but have nothing yet. Understandable. However, with some news flow and some progress towards drilling attention will come back to Gold Oil.
This new licence if signed up in Feb will produce some new interest, from there it is down to the management.
I don;t think any of the long term holders here (i've held over 1 year now) expected anything too quickly, this was said to be a 5 year play by Martin Keeley in the summer.