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.

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.

oilyjim- you may find the advfn more useful as a discussion thread if you do not know about?.- there is an interesting article today on the thread about martin keeley new goo exp director.-or can view at www.martinkeeley.net

Thanks i haven't looked for a while

new goo website should be up and running this week sometime- www.goldoilplc.com

http://www.martinkeeley.net

Looks like good news!

Gold Oil PLC
02 June 2005


Gold Oil PLC
2nd June, 2005

FOR IMMEDIATE RELEASE

GOLD OIL COMPLETES FIRST PHASE OF GEOPHYSICAL OPERATIONS
ON BLOCK XI, NORTHWESTERN PERU

OPERATIONS IN NORTHERN PERU

Gold Oil Plc ('Gold Oil' or the 'Company'), the London-based oil exploration
company focused on South America and the Caribbean, announces that it has now
completed the acquisition, processing and interpretation of its aeromagnetic
survey over the entire extent of Block XI. This block covers some 303,000
hectares of the Sechura Desert of northwestern Peru, immediately adjacent to
blocks with proven producing reserves.

The survey, completed on schedule, comprised 5,200 kilometers of airborne
profiles almost exclusively over Block XI, acquired and processed by Fugro
Airborne Surveys, and interpreted by Dr Eric Sutton, a UK-based consultant of
international standing.

The results of the survey demonstrate that Block XI is located such that it
could receive sub-surface hydrocarbon charges from both the west and south.
Potential hydrocarbon traps of the type known in Viru-La Casita Gas Field in
Block XIII, immediately to the west, clearly pass north-eastwards into Block XI.
The rest of Block XIII is currently still under appraisal, but natural gas has
been found in all of the ten wells drilled to date. The gas from the Viru-La
Casita Gas Field is currently being sold to local industry and there are reports
of gas reserves of over 350 billion cubic feet.

Detailed survey findings are now being used to design the optimal seismic survey
on Block XI, for which planning is advanced.

Under the terms of the promotion agreement with Perupetro, Gold Oil has
exclusive rights over Block XI until October 2006. The completion of this first
geophysical phase has advanced significantly the subsurface evaluation of the
block, and increased its value.

Commenting on today's announcement, Mike Burchell, Chairman of Gold Oil, stated:
'The completion of this first phase of geophysical operations in northwestern
Peru marks the transition of Gold Oil into a fully fledged oil operating
company. We continue to advance the timely evaluation of the hydrocarbon
potential of Block XI.'



ENQUIRIES:

Gary Moore Managing Director; Tel: 01737 833597
Email:
gmoore@goldoilplc.com
Mike Burchell Chairman; Tel: 01372 361772
Email:
mikeburchell@hotmail.com
Roland Cornish Beaumont Cornish Limited; Tel: 020 7628 3396

NOTE TO EDITORS

The Acreage

The area of Block XI is equivalent to just less than 14 UK North Sea blocks. The
target reservoirs are mostly at shallow depths of +/-5,000 feet. Rig and
drilling costs enable wells here to be drilled typically for around US$500,000.
The block lies in a desert area, next to the city of Piura, and to the east of
an existing producing gas field. Both lie within the Sechura Basin, which is
adjacent to, and is believed to be a sub-basin of the prolific Talara Basin.

The Talara Basin to the north and west has produced over 1.6 billion barrels of
oil over a period of 100 years. Independent assessments put the reserves
remaining to be discovered at 2.2 billion barrels and 5.8 trillion cubic feet of
gas. Gold Oil also holds exclusive rights over a second area here, Block Z-34,
in the offshore sector of the Talara Basin, also immediately offset from
producing fields.




This information is provided by RNS
The company news service from the London Stock Exchange

ptholden- may find advfn thread more useful more interest there for goo. given up on this one.