Gold Oil - Is this Black Beauty ?

Hi
Stuart14.......Lets be optimistic about this share. 8 wells drilled for £3m. Doubt if you will get that many although I do note that is what Gold Oil state in their website (as per Pembury above).
I have read an amount about oil exploration in Peru and the policy of the Government of Peru has changed dramatically over the past 5 years or so. They are now inviting Western investment in oil exploration in Peru on much more favourable terms. Some of the block allocated to GOO are adjacent to blocks where oil has been discovered. Remember there are no barriers on the seabed to prevent an oil discovery on one block continuing on into another block. I will post any relevant information on the BB but as a lot of it is of a very technical nature there is no point in boring readers to death.
SM