has anyone heard of this company.....up 1.75 today to 6.0pence.... i cant find any information on this co.

Found this this morning from the Telegraph:

Gold Oil, which floated at a penny on Thursday, jumped to 6p on speculation that it has found two oil and gas fields in Peru.

gavdfc,

I'm not sure the 1p float price the Telegraph is quoting is correct, i think that is the nominal value of the share.

Andy,

Don't know anything about this company at all. Only came to my attention on seeing this thread, can't seem to find much out about it really. Just tried to do a dummy trade for GOO, and they say the shares are Ord shares of 0.025p.

This is the company profile from Comdirect:

Gold Oil Plc was incorporated in the UK in April 2004 and listed on teh AIM of the London Stock Exchange in July of the same year.

The core business activity of Gold Oil is the identification and acquisition of projects in the natural resouces sector. The Company aims to look predominantly at oil and gas projects in and around central and southern America.

According to the chart i Comdirect, it started yesterday at 4.25p, so the piece in the Telegraph seems to be wrong as you say.

thanks for all your replies....only spotted this as biggest winners of the day yesterday thus the answer to andys question earlier....up 0.50 again today ....will be interesting to see if it carries on

Just found this, not much really:

Smaller companies spotlight
Pat Lay's
small caps, This Is Money
15 July 2004

ACH week, former Fleet Street City Editor Patrick Lay keeps This Is Money readers up-to-date with a neglected, but exciting sector of the stock market - smaller companies.


Pat Lay's
small caps




Daniel leads the exodus


PETER Shea is one of those old-fashioned 'my word is my bond*' type of City characters who doesn't try to blind you with management-speak and sticks to the traditional, managing director title (rather than chief executive officer) at Daniel Stewart Securities, the smaller company adviser he helped found 15 years ago.


So, although he doesn't attempt to flout the Financial Services Authority* with anything as crude as a profits forecast, there is no doubting from the glimmer in his eyes. And noting the enthusiasm in his plans for the future, that the financial year to next March is likely to be something special.


In fact, if market activity continues at its recent pace, the magic seven-figure pre-tax profit looks a possibility.


It has been a good start to the year that ends March 2005. On Monday Mr Shea announced a return to profitability in the first quarter, and he revealed the business was substantially ahead of budget in both financial performance and new client additions.


The company has recently acted as nominated adviser and broker for the first Italian company to join Aim, has successfully applied to the London Stock Exchange to become a nominated adviser and has attracted the first institutional interest through the Marlborough Special Situations Fund.


But that was Monday's message. On Tuesday, Mr Shea revealed the company had been appointed nominated adviser and broker to Pubs 'n' Bars, the Aim-listed* managed pubs group. And on Wednesday he launched a trio of his clients on Aim following successful fund-raising for each: Libertas Capital (a niche financial services company), Gold Oil (natural resources), and Playgolf (Holdings).

LONDON (AFX) - Gold Oil continued to make headway as traders warmed to
yesterday's news that the London-based exploration and production company has
signed an evaluation agreement with Peru's state oil company, PeruPetro, for a
large unexplored onshore area in Northern Peru.
In addition, Gold Oil has also 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.
Dealers believe the upside for Gold Oil, whose shares were 0.25 ahead at
7.25 pence by 7.45 am, could be huge.