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.

some big stake building going on here 7.5m+ buy order just gone through.
perhaps they know about the contract coming out in feb?.

7.5 MILLION + BUY IS NO ACCIDENT, SOMETHING IS STIRRING !!!!!! CAN'T WAIT TO FIND OUT

very encouraging rns sock. have you read?.

It is very encouraging. Hopefully I'll breakeven again soon!

WHAT TO DO NOW ???? DO WE SELL NOW OR HOLD ON .......
WOULD APPRECIATE ANY GOOD ADVICE?

long term hold for me!.
they have a 5yr strategy.

it would be nice to see some positive press at the weekend!.

From Daily Mail Market Report - Friday Close

Gold Oil was up 1.5p at 4.37p after revealing it is one step further in its quest to explore north-west Peru. It secured an operator certificate last year from Perupetro, and now hopes the government will give it the green light to drill for oil and gas in the area as early as next month. The company is 'actively sourcing equipment'.

good spot pd -i do hope goo gets something positive at the weekend in the press, it still lacks much media attention but perhpas this could sway this?.

a long way to go but a v positive step.

This should now move to the 12-15p range. They have licences but they are also a stones throw away from being classified as an operator. With any new refinery and subsequent prices of commodities you can sit back and count the pounds.

a few mentions in the sat press guardian telegraph mail express- anyone seen any others?>

a lot of buying so far- can we break 5p bid?.

Press reports started on Friday !

Great
Thanks for the advice. Glad I didnt sell Fri at +52%, up now another 28.5%. Seems like one to hold on to. And 10 millions buys so far today ... not bad for one day!

Yes excellent volume.

we were 8p without licenses gained last week.

Thats what makes it such good value !

buy and hold for me med/ long term!- any views?.

they seem very keen to pull the price down on very thin trading?Can not see the justification for the drop in the last hour from trading

short term profit takers willfagg. still think we should be trading around 8p though.