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.

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 !!!

Oil producing, ties with Germany over Peru, looking good for thier oil contracts.
SP should rise when market takes in the news

hope so because it is doing f all at the moment-

hopefully it's just a matter of time before logic kicks in !

BBBBBBBBBBBBBBOOOOOORRRRRRRRRRRRRRRIIIIIIIIIIIIIINNNNNNNNNNNGGGGGGGG!!

have a little snooze there Lizard, we'll give you a shout when everyone catches on to this one!

can't see this going anywhere today- hope i'm wrong.

Although up +2.94% at present, it hit +8.5% ish this morning. Plenty of scope, and time will see this one rocket yet.

what about the peru acreage- this is the co main activites and we only have news on spain acq which is of little relevance compared?.

the anti climax is over-