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.

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.

lets hope profit takers out the way now back to yesterdays close.

Noticed it hit 6.5p early this morning, looks like 8p is quite feasible, if not more

bit frustrating today sock- but i suppose to be expected after biggish rise.

Sure is Lizzard, but after 12 million+ buys yesterday it's bound to be a bit quieter today, that's alot of confidence !!!

interesting to see what happens in next few weeks?- we should see an update on offshore talara b block (300,000 hectares) soon which i think had an initial 15month arrangement due to expire soon. good relations with peruvian government all important.

good to see website updated with the news www.goldoilplc.com.

hope to see some more big volume investors over next few weeks.

should hopefully get more frequent updates now 2006- important year for goo's future?.

starting to steady a bit now lets we can push on?

Good Lizard, 5.62p again, normality being restored. Still can't figure out why more people haven't latched on to this one