Gold Oil has just been floated on Aim and is involved in the exploration for oil in the Americas. The company has just signed an agreement with PetroPeru for exploration in the north of the country and also they have signed a memorandum of understanding with MAN Ferrostaal of Essen, Germany for the evaluation and feasibility study for a more than 200 mln stg petrochemical plant to be constructed in northern Peru.

Following the release of this news AFX commented that brokers believe this could potentially be huge for Gold Oil.

Gold Oil PLC
12 August 2005

FOR IMMEDIATE RELEASE 12 August 2005

GOLD OIL PLC ("Gold Oil" or the "Company")
Shareholding

The Company were informed on 11 August 2005 that at the close of business on
that day Mr Iraj Parvizi, following the purchase of 4,090,000 ordinary shares of
0.025p each ("Ordinary Shares"), is the beneficial owner of 16,590,000 Ordinary
Shares, representing a total holding of 5.1% of the Company's issued share
capital.


ABOVE IS THE CLEVER CHAPPY WHO MADE A SIZEABLE PURCHASE RECENTLY.
Any further input from anyone?

Sockinafootsie - give the FTSE a boot up the rear please!
;>)

With the NOP RNS released today, they must be waiting to tell shareholders at the AGM tomorrow. Since now an oil producing company the sp should jump upwards when this news is released. Anyone going to the meeting please post here before the markets wake up to this stock.

Did you hear that?
Just done it Stockbunny.

Well done
;>)

WELL SAID, FOLLOW THE MASTER !

THEMASTER, I know it's difficult but would you like to hazzard a guess as to what we can expect the SP to do tomorrow?
Sockkie

Good news 6p, no relevant news 4p

ANY MORE FOR GOO?

Thanks THEMASTER,

COULD WELL BE THE 6p AT LEAST don't you think?

NICE ONE THAT, WOULD BE A 33% profit?

I CORRECT MYSELF:

THAT WOULD BE A 50% PROFIT, in one day!

yes but still way off past highs- has anyone seen the recent broker note on goo with NAV of around 32p?- not good on names but think it was Brewin somebody?> forgive my stupidity UBS would have been easier to remember.

YES INDEED

AN INTERESTING HIGH OF 8.12 p IN OCTOBER OF LAST YEAR!

Yes 50% would be nice, anyone know the time of the AGM today?

sockinafootsie- regretably i bought around these levels and a few more around this mark- but still sitting on a huge loss. was tempted to buy a load more at these prices but need to know more about peru findings first.

agm 11am start

AGM IS AT 11AM I BELIEVE

We know there is some GOOD NEWS at least!

i think they need to give a good presentation into why they bought this?- it doesn't look that great but why else would they have invested in this?. hopefully they are on to something promising and what about peru?. which is the main activities of the co.

THE SUSPENSE IS OVER, IT'S LOOKING GOOD !!!