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.

action speaks louder than words- if not confirmed in the next few weeks- sp is back to where it started?. this co needs news as nothing since peru agreement. but early days for them!

lets have some news gold oil!!!!!!!!!!!!

nice rise today....lets hope it continues next week

something brewing?- news article in todays dt market summary- you can seen on advfn disc thread. possible further agreement with government. could be an interesting week next week????????????????

from today telegraph


On Aim, Gold Oil climbed 1.5p to 6.37p on talk it will be awarded an exploration site in Peru from the goverment, equating to 15 North Sea oil blocks.

Gold Oil PLC
31 January 2005


GOLD OIL PLC (the 'Company')

INTERIM ANNOUNCEMENT

CHAIRMAN'S STATEMENT




OVERVIEW

The Company satisfactorily completed its funding processes in July 2004 and is
actively seeking acquisitions.

At the date of the balance sheet the Company had net current assets of 305,000,
of which 302,000 was in cash.

FINANCIAL OVERVIEW

The expenses incurred to date relate to the placing of shares in July 2004 and
subsequent listing maintenance and administration.

For the period from incorporation on 8 April 2004 to 31 October 2004 a loss of
112,000 has been incurred by the Company, which on a weighted average equates
to a loss of 0.05p per share. No dividend is being declared. The directors will
receive no remuneration until an acquisition has been completed.

CASH FLOW AND FUNDING

As stated above, the Company effectively had 302,000 cash at 31 October 2004
for acquisitions and routine expenses.

OUTLOOK

The Board is actively pursuing further acquisitions and hope to report
favourable developments in the near future. In particular, we have been
negotiating to acquire a significant block of offshore exploration acreage and
hope to make a further announcement shortly.




Director


31 January 2005

GOLD OIL PLC

Profit and Loss Account

from 8 April 2004 to 31 October 2004



Note '000

Turnover -

Administration expenses (113)

Operating Loss (113)

Interest received 1

Loss on ordinary activities before taxation (112)

Taxation -

Loss on ordinary activities after taxation (112)

Dividends -

Deficit for the period (112)


Earnings per shares: basic and diluted 3 (0.05p.)


The Company's turnover and operating loss arise from continuing operations.

There were no recognised gains or losses other than those recognised in the
profit and loss account above.






GOLD OIL PLC

Balance Sheet as at 31 October 2004



Note '000
FIXED ASSETS
Equipment 4

CURRENT ASSETS

Debtors 7
Cash at bank and in hand 302

309
CREDITORS: amounts falling due
within one year (8)

Net current assets 305





CAPITAL AND RESERVES

Called up share capital 4 59

Share premium account 358

Profit and loss account (112)

Equity shareholders' funds 305




GOLD OIL PLC

Cash Flow Statement

for the period 8 April 2004 to 31 October 2004


Note '000

Cash outflow from operating activities 5 (112)

Return on investment and servicing of finance 1
Purchase of fixed assets (4)
Financing - Issue of shares net of expenses 417

Cash increase in the period 302




Reconciliation of movements in shareholders' funds

'000

Deficit for the period (112)

New share capital subscribed, net of expenses 417

305

Opening shareholders' funds -

Closing shareholders' funds 305







GOLD OIL PLC
NOTES TO THE INTERIM REPORT


1. Accounting Policies

These accounts have been prepared on the historical cost basis, using generally
recognised accounting principles. They have been prepared on a going concern
basis.

This interim report for the period from formation to 31 October 2004 was
approved by the Board on 31 January 2005.

2. History

The Company was formed on 8 April 2004 as Gold Oil Plc.

3. Loss per Share
Period 8 April 2004
to 31 October 2004
Pence

Earnings per ordinary shares - basic and diluted (0.05p)

The loss per ordinary share is based on the Company's loss for the period of
112,000 and a weighted average number of shares in issue of 236,750,000.

4. Called up Share Capital

On incorporation the authorised share capital of the company was 100,000,000
ordinary shares of 1p each. On 12 May 2004 the Company reduced its authorised
share capital to 10,000,000 ordinary shares of 1p each and on the same date
sub-divided its share capital into 400,000,000 ordinary shares of 0.025p each.

On 8 June 2004, 199,999,920 ordinary shares were issued at par.

Under the Placing Agreement, 35,000,000 shares of 0.025p were issued at 1p per
share on 18 June 2004.

On 28 June 2004, 1,000,000 shares of 0.025p were issued at 1p per share.

5. Reconciliation of operating loss to net cash outflow from operating
activities



Period 8 April 2004
to 31October 2004
'000

Operating loss (113)

Increase in debtors (7)

Increase in creditors 8

Net cash outflow from operating activities (112)


GOLD OIL PLC

NOTES TO THE INTERIM REPORT
6. Financial information
The financial information in this statement does not constitute statutory
accounts within the meaning of section 240 of the Companies Act 1985.

7. Accounts
Copies of the Interim Report are available for collection at the offices of the
Company, Finsgate, 5-7 Cranwood Street, London EC1V 9EE during normal office
hours for a period of one month from the date hereof.


OUTLOOK

The Board is actively pursuing further acquisitions and hope to report
favourable developments in the near future. In particular, we have been
negotiating to acquire a significant block of offshore exploration acreage and
hope to make a further announcement shortly.


How long is shortly?
wilbs

we want this 'announcement'- how good is it?. looks as though city got this on friday. like the strategy seems like acquiring as much acreage as possible- hopefully this has what we all want?.

There has been a huge amount of trades today, 10million+. Is this a good sign?

One question though, the SP hasn't changed on all the trades...why?

and another nr 10m volume- i hope we get some news from the company in the next week or two to cut all this talk/ speculation- it has been a while since we have had solid news- thinking they are trying to secure as much acreage as possible in region and then seek outside financing to help with expl/development.??? need more views from goo holders!!
i also hope 'actively' has some solid evidence soon.

Steady rise over the last few days - something brewing?

I think we can expect some news shortly which will see this rise to 10p- any views?

The rise is based on the following company statement of end Jan.

'The Board is actively pursuing further acquisitions ... In particular, we have been negotiating to acquire a significant block of offshore exploration acreage and hope to make a further announcement shortly,' the group said.

Terrific volume.....must be more to it than just the latest RNS....

Gold Oil PLC
10 February 2005



FOR IMMEDIATE RELEASE 10th February 2005


GOLD OIL ACQUIRES A SECOND EXPLORATION BLOCK
IN NORTHERN PERU

Gold Oil Plc ('Gold Oil' or the 'Company'), the London-based oil exploration
company focused on Central and South America, announces that on Wednesday 9th
February 2005, it signed a promotion agreement with PeruPetro (the State Oil
company of Peru) for a large virtually un-explored area of the Pacific, being
the immediate offshore extension of the prolific Talara Basin of northwestern
Peru, known as 'Offshore Z-34 Cuenca Talara'.

Offshore exploration Block with PeruPetro

Gold Oil has agreed with PeruPetro to evaluate this large licence which lies in
the offshore sector of the Talara Basin, northwestern Peru. The agreement covers
371,339 hectares (equivalent to 17 North Sea blocks), and in places extends from
within a few meters of the coast to almost 100kms with water depths of 150 to
3000m. The licence lies offshore of the cities of Lobitos, Cabo Blanco,
Negritos, Talara and Paita (Piura Department). A comprehensive oil
infra-structure exists onshore, servicing the Talara oil fields.

The area was selected by Gold Oil because of the demonstrable potential for the
extension offshore of two of the main field complexes that constitute the Talara
Basin. The block borders the PetroTech oil fields that have estimated reserves
of 400 million barrels. Further to the east is the oldest producing oil field in
South America which to date has produced in excess of 1,600 million barrels of
oil. The block also borders BPZ's block to the North that has recently had a
reserves report prepared by an independent petroleum engineering company showing
P3 reserves of up to 4 Tcf of natural gas.

Under the terms of the promotion agreement with PeruPetro, Gold Oil has
exclusive rights to the area for a period of fifteen (15) months. However, Gold
Oil intends to convert to an exploration licence once the rationale for the
drilling of a new exploration well can be supported. At the moment, the
contractual work obligation requires only various geological, geophysical and
engineering studies; there is no requirement to shoot new seismic or drill a
well.

The search for oil and natural gas in areas where it has a competitive and
commercial advantage continues to be the focus of Gold Oil's strategy. In this
way, it can most effectively create value for shareholders.


Extraordinary General Meeting

The Company is proposing to write to shareholders seeking their approval at an
Extraordinary General Meeting to be convened to increase the Directors'
authorisation to issue shares for cash. A further announcement will be made when
the arrangements have been concluded.

Commenting on today's announcement, Gary Moore, Operations Director of Gold Oil,
stated:

'Now that we have secured these funds we can develop the very significant
potential of the offshore Talara area and the onshore blocks in the large
Sechura basin. Our exposure in the offshore block is minimal, but with
infrastructure close by we are well positioned in the event that a well can be
justified and proves the presence of economically recoverable oil. In the event
of an offshore discovery, we would be in a position to leverage recent
technological advances in offshore turbidite exploitation.

Gold Oil's recently awarded onshore Block XI lies some 50kms to the east and we
will now be able to swiftly secure the gas reserves that will be monetised with
early cash flow.'

Enquiries:

Gary Moore Operations Director
Tel: +44 (0)1737833597
Email:
gmoore@goldoilplc.com
Mike Burchell Chairman
Tel. +44 (0) 1372361772
Email:
mikeburchell@hotmail.com
Roland Cornish Beaumont Cornish Limited
Tel: 020 7628 3396.

good at last to receive some positive news from the co and not just speculation-record day on the volume front- i think they will look to secure as much acreage as possible then look to major inst for backing. thinking of backing this company does anyone know of any features in journals ic or shares magazine etc- can't seem to find much at all?.

?

i think i am talking to myself on this thread?.- www.goldoilplc.com for those who want to know more.

better discussion on advfn site

lots of buys going through... is this institutions?

tb66- find the advfn site much better for goo info/talk- what will happen at the egm??

Gold Oil begins geophysical operations in northwestern Peru
AFX


LONDON (AFX) - Gold Oil PLC said it is beginning geophysical operations on Block XI, which covers some 303,000 hectares of the Sechura Desert of northwestern Peru, immediately adjacent to blocks with proven producing reserves.

The London-based oil exploration company said that following processing, it expects the results can be interpreted before the end of May, which will enable the company to design a seismic survey on the block.

'The commencement of the programme announced today will advance significantly the subsurface evaluatio nof the block, and hence, increase its potential value,' the company said in a statement.

Gold Oil, which focuses on the South American and Caribbean region, also said geologist Dr Martin Keeley has joined the board as Exploration Director.