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.

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.

roberta- alexander i looked at fao yest looks like they have potential but a lot of baggage on the way- seems like big placing necessary. i like goo new company with encouraging potential.

about time- this should progress nicley when peru ministry of energy gives goo the go ahead soon.

bought a few goo at 7p had these before for a small profit,but they were just out then sounds like its more than just talk now.

cellby
Welcome aboard it must have been your purchase ticking up nicely now.

GOOoood up 11.54% as we speak !

8p high should break it on positive news- which i suppose could come at anytime!.

i hear it'll go to double figures from about 3pm

fernandes, are you talking this one up by chance. or do you know something we don't? either way more money for me!

Hope you're right Fernandez !