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.

more buying come on move the bid up!

1,030,000 buys and only 37,000 sells at the moment,
ahhhhhhhhhhhh at last people are getting the idea !!!
Hopefully sp should go north soon !!!

Thanks for that Mactavish, more GOOoooood news. SP should be climbing shortly!!
Ah the excitement is whipping up now !!!!

400k buy.

It looks like you have a big seller behind the scenes the sp should have moved.

could be because they moved the bid to 6.25p yest and got hammered. mm caution.- it will have to try soon.

mrp mrp mrp

GOT THEM PH AS WELL!

2 MILLION BUYS V 90K SELLS -NO PRICE MOVE?.

http://www.goldoilplc.com

chart just starting to look encouraging a break through 10p come drilling would be possible.

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

Old (April 05) but nevertheless, quite interesting report re Peruvian offshore continental shelf-slope relating to Talara Basin.
http://www.systemdigital.com/peru/pdf/Offshore%20Basins%20Summary.pdf
Note : it also suggests Gold Oil evaluation period of 15 months

perhaps we will get an update on talara license soon?. interesting to see if they make further acquisitions in the nr term i would expect blocks in peru to be receding quick.- chairman seemed bullsih on this matter.

"17th Feb 06
UK smallcap opening - Ascent Resources gains on bullish broker comment

LONDON (AFX) - Shares in Ascent Resources gained 3/4 pence at 11 after a
report in the Daily Mail said broker WH Ireland has a 'strong buy'
recommendation on the stock and 20 pence price target.
WH Ireland analyst Philip Morgan said the oil and gas exploration minnow is
close to starting a drilling campaign in Europe which offers "excellent gearing
to any success with the drill bit" and is well-placed and well-financed.

newsdesk@afxnews.com
msc/vjt"


Gold Oil own the 11.25 % of the Ayoluengo oil field and Ascent own the remaining 88.75%
Regards

Nice price rise this morning.

i would say if you don't hold get in while you can. speculation on drilling come spring/summer.

bloody hell , this was 5.88 the other day !

are you in espaceman?.

Over 7p this morning, I'm so thrilled to be in on this one, one of my better decisions.

don't forget sock they have a 5yr strategy so hold for me.