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.

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.

No Lizard , I don't have any of these.

I'm thinking of buying more, although I have made a very handsome profit on these already, I can see that they haven't reached their potential at all yet !!!

sock they were 8p last year now in a better position in company development with drilling in sight. i'm long at six different levels. and will hold.

I have got in on these today, there has been a lot of buying over the last couple of days with not much sp movement I think this stock is ready to shift up a gear.

moneyman
If you are around can you put this in the header thanks.
http://www.goldoilplc.com/

This is due to burst at the seams yet!

an update of decent news which should be expected soon- would push the sp.

Nice tick up.

From another board a reply from an email from GOO

Reply from Gary Moore re my email requesting clarification of the term of the Evaluation agreement on the offshore Talara block -


"Thank you for your e-mail and pointing out the error. The licence expires in May 2006, but has been extended to June 2006 as Perupetro was somewhat slow in getting us the information we required to start the work. We are currently talking to potential farminees about the blocks, but unless we become overloaded elsewhere we may just retain the licence 100% ourselves.
Regards
Gary"

And another.

'sorry for the delay in responding, but I have been busy. Z34 is a promotion agreement that expires in May 2006 (extended to June 2006). We are talking to other players about farming it out, but we are reluctant as it is attractive. Our priority is an exploration well on Block XXI'.

Regards
Gary

Its looking good things are progressing well.

i'm in. had two to invest in just hoped i bagged the right one. [fao was the other one]

robertalexander
FAO is down 6.8% that should cheer you up.