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.

i feel the samw sock- problem still and rightly so goo still pretty much an unknown minnow at this time but a minnow with potential.

i would be surprised if no mention in ic tomorrow or next few weeks. need to get their name 'out there' but i suppose if the right news evolves over time the interest will no doubt increase.

all quiet here -next news i suppose drilling or perhaps offshore block?.

first well to be drilled in april. licenses signed

Gold Oil PLC said Iraj Parvizi held 22,290,000 ordinary shares in the company
as at Jan 25 2006, representing a 9.5 pct stake.

LONDON (AFX)

Looks like more than ourselves have faith!!!

would be nice to get some momentum in sp -we have had two pieces of encouraging news resulting in sharp rallies then pull backs. 8p+ should be about right leading to drilling march april.

goo in todays IC anyone got it?.

From ADVFN



simon8 - 3 Feb'06 - 10:34 - 4059 of 4061


Just read copy (p56 if you don't want to buy like I didn't!!) They may as well not bothered - mentioned Northern Petroleum deal, that they were unable to contact directors for info, company was reticent in giving out info, been lot of fluctuation in sp, and that nobody in the City really knows what the company is actualy doing in Peru! A few small paragraphs of bland uninteresting non committal stuff.

I LIKE IT THE CITY ARE UNAWARE OF GOO'S POTENTIAL- NEWS WILL GET THEM INTERESTED!.

What news ?

WHEN IT COMES N42!.

decent write up in the sunday times today.

http://www.timesonline.co.uk/article/0,,2097-2024826_2,00.html

i would say a pretty good summary- a highly speculative prospect.
potentially very exciting -lets see what drilling brings?.www.goldoilplc.com

SEEMS TO HAVE DONE SOMETHING ON THE BACK OF THIS SUMMARY AND INTEREST.

FOR IMMEDIATE RELEASE 7 February 2006



Gold Oil Plc


Award of Engineering Contract and Issue of warrants to Contractors

Gold Oil plc ("The Company") announces the award of an engineering contract to
Conex S.A.C. for the drilling of an exploration well in Block XXI onshore the
Sechura Basin in Northern Peru.

The Company anticipates commencing drilling the first well on Block XXI in April
/May, once Ministry approval of the licence is received. The cost of drilling
this well will be met from the Company's existing cash resources.

Conex S.A.C. is a local Peruvian company whose staff has been involved in
exploration in the Talara and Sechura Basins for over 35 years. The scope of the
contract is to manage the well from prognosis to completion under supervision of
the Company. As part of the Board's policy of providing performance based
incentives Conex has been issued with 2,000,000 warrants to purchase Ordinary
Shares of 0.025p each in the Company. The warrants are open to exercise on or
before 30 January 2009 at a subscription price of 6p per share.

ENQUIRIES:

Gary Moore Managing Director; Tel: 01737833597
Email: gmoore@goldoilplc.com

Mike Burchell Chairman; Tel: 01372361772
Email: mikeburchell@hotmail.com

Roland Cornish Beaumont Cornish Limited; Tel: 020 7628 3396

slow but heading in the right direction- lets hope drilling proves positive?. we could also and should be due an update on offshore talara b block.

;

http://www.timesonline.co.uk/article/0,,2097-2024826_2,00.html
the guy who wanted the sunday times recommendation article here it is.

some decent buys going through @around 6p. the level at which conex have their warrants.

http://www.goldoilplc.com