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Just a month away from its first drilling in Peru, Gold Oil has announced a farm-out with AIM-traded Plectrum Petroleum on block Z34 in Peru's Talara Basin. The block sits alongside a prolific oil and gas-producing field but has had little exploratory work done on it. Gold Oil will now have a 50 per cent carried interest through to the completion of seismic work. The shares, which are still only fractionally above their October 2004 recommendation level of 6.88p, remain a firm hold ahead of the coming drilling.

Gold Oil	AIM	£19.08m	3.95p	-0.13p
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Other company articles:
Exploration Insights by Robert Tyerman			03/11/2008
Reserve hope at Gold Oil			22/10/2008
Colombian deal for Gold Oil			09/07/2008
Gold Oil to get cash boost			26/10/2007
Gold Oil has success with first drilling			18/08/2006