Half-yearly report
31 January 2011
GOLD OIL plc
("Gold Oil", "Gold" or "the Company")
Unaudited Interim Financial Information
for the period 1 May 2010 to 31 October 2010
Gold Oil the AIM-listed oil and gas exploration and production company primarily
focused on opportunities in Latin America announces its unaudited interim
financial information results for the six months ended 31 October 2010.
Highlights
* Secured additional funding through the injection of £1.1 million by Sheer
Energy Pty Ltd with a further funding of £1.0 million provided on 30
November 2010. Total funding provided by Sheer to date is £4.07m.
* Appointed a new management team and Board, and agreed service agreements
with Australian Drilling Associates and Sheer Energy to provide technical
resources;
* The successful farm out of Block XXI in Peru and the Rosa Blanca Block in
Colombia;
* Commenced workover operations on three Burdine wells;
* Continued discussions with third parties regarding the farmout of Block Z34
in Peru.
* Loss on Ordinary Activities After Tax £806k (2009 Profit : £62k)
* Loss Per Share 0.14p (2009 profit 0.01p)
Chairman's Comments
During the period under review the Company underwent significant change;
additional investment funds were secured through Sheer Energy, a new management
team was engaged and the Board was significantly enhanced. I believe that this
has provided a sound basis for moving the Company forward and to expand its
current operations.
The Company's strategy is focused in the short term on getting the current asset
base in good order and then utilising the knowledge and experience the company
now has to build a profitable oil and gas business. The Company intends to
focus initially on Peru and Colombia and build its presence in those areas, but
does not exclude expanding into new areas (such as the Caribbean) as
opportunities present themselves.
As part of this strategy the Company will seek new partners for its exploration
assets and look to expand its exposure to development opportunities and
producing assets through acquisition and licence award.
Chief Executive's Statement
Introduction:
The Company has made considerable progress over the last six months across all
its assets in both Colombia and Peru. In the short term the focus has been on
farming out our exploration blocks and preparing a programme to increase
production from the Nancy Burdine Maxine fields in order to provide additional
cashflow into the Company.
Peru Highlights:
Block Z34 Offshore
The processing of 2,013 km of 2D seismic in our offshore Block Z34 was completed
in 2010 and interpretation has been ongoing.   The  current interpretation of
the data shows that the block clearly has significant potential.
Currently the main aim of the Company is to secure a competent and financially
capable partner take equity in the Block and fund a significant portion of the
ongoing exploration work programme. Given the large area of the licence and the
deep water over much of the block, the ultimate commitments could be significant
and as such the Company is looking at a phased approach to exploring the block
adequately. We have opened a data room and made presentations to selected
companies and at present are awaiting proposals from interested parties.
Based on the initial interpretation of the seismic data, in August 2009 we filed
for an extension of the EIA permit in order to extend the existing 2D permit to
give us authorisation to carry out a 3D survey. As the extension has not yet
been approved we sought, and were granted, the temporary suspension of the
commitments on the Block due to Force Majeure. This allows the company
additional time to meet its obligations under the contract due to the delay in
obtaining EIA approvals.
Block Z34 covers 371,339 hectares and is bordered to the East by Block Z2B,
which is producing both oil and gas and is operated by Savia Peru
Block XXI Onshore:
The Company has signed a farm out agreement with Vale, the Brazilian mining
company, to take 70% equity in the block in return for a consideration in cash
of $2million and a commitment to fund a further exploration/appraisal programme
up to a cap of $10million.
The Company has applied to PeruPetro to combine the current and next phase of
the contract work programme. If approved this would make the minimum work
programme 400km of 2D seismic or equivalent.
Block XXI covers 303,000 hectares and is bordered by Olympic Oil and Gas'
producing gas field on Block XIII.
Colombia Highlights:
Azar Block
On the Azar Block an additional 72 km(2) of 3D seismic was acquired over the La
Florida structure, located in the Northern part of the Block, and this data is
currently being interpreted. Based on earlier seismic two prospects have been
identified; La Vega Sur and Este. Both prospects have confirmed drilling
locations and are similar geological structures.
Following an application to ANH to take account of the additional 3D survey as
fulfilment of the current phase work obligation, there is now no commitment to
drill a well on the block by mid February as was previously the case. This
allows extra time to evaluate in detail the latest 3D survey acquired and to
ensure the best location is picked for the next well. This has led to a delay
in drilling on the block but we believe will lead to a more informed, and hence
de-risked, drilling decision.
Gold has a 20% working interest in the Azar Block. Azar is located to the
northeast of the Company's existing Nancy, Burdine and Maxine oil fields and is
operated by Gran Tierra who have considerable experience in the prolific
Putumayo basin in southern Colombia.
Nancy Burdine Maxine Fields:
The Nancy-1 well continues to produce at a rate of 250-350 bopd with zero
watercut. The crude is produced by artificial means using a downhole jet pump
which provides for simplicity of operation in a relatively remote area.
However, the well suffers from sand influx into the well bore which impacts on
the efficiency of the pump system leading to fluctuating production levels.
A workover programme on the Burdine field commenced in January 2011 with the
intention of re entering three wells, Burdine -1, -4, and -5. Burdine -1 and -5
will be completed as oil producers and Burdine -4 as a water disposal well. The
workovers entail replacing the existing tubing, completions and down hole
equipment, isolating water producing zones where possible and re perforating
existing sands where appropriate.
We believe the workovers should add between 200 and 400 bopd to production from
the fields. Surface facilities are in the process of being procured, installed
and commissioned and should be in place by end Q1 2011.
Rosa Blanca:
The Company farmed out its interest in the Rosa Blanca Block to Montecz late
2010. Gold has retained 25% interest in the block and is carried on the Rosa
Blanca - 2 well up to a cap of $2 million.
The well was spudded on 10 January 2011 and drilled to a depth of 2,883 feet.
During drilling oil and gas shows were encountered in the Rosa Blanca and
Tablazo formations. However, on test, the Rosa Blanca formation failed to flow
and the Tablazo flowed formation water only.
The Rosa Blanca Block covers an area of approximately 45,000 hectares. It is
located in the Middle Magdalena Valley and is surrounded by the nearby oil
producing fields of Cristalina, Santa Lucia, Tisquirania, Totumal, Baturama and
the South Bolivar Block.
Financial results
The unaudited financial results for the six months to 31st October 2010 record
an operating loss of £790,000 (31st October 2009 loss of £11,000). The loss per
share was (0.14p) (31st October 2009 profit 0.01p). No dividend is being
declared.
Conclusion
The company has made very rapid progress across all its assets over the last six
months and I am confident that the portfolio of assets that we have remains an
attractive proposition. We continue to work hard to farm out Block Z34 and to
consider all ways to optimise this important asset. We have concluded farm out
arrangements with partners on Rosa Blanca and Block XXI and look forward to
exploring these blocks in the near term. The Azar Block is still very
prospective and delaying the commitment to drill to allow more time to evaluate
the prospectivity of the block properly is the correct technical and commercial
decision. The commencement of the workovers on the Burdine fields is an
exciting step forward and has the potential to increase the production of the
Company substantially in the short term.
For further information on the Company, visit www.goldoilplc.com or contact:
Gold Oil
John Bell - Chairman    Tel: +61 3 8610 3000
Richard Mew - CEOÂ Â Â Â Â Tel: +44 (0) 1483 282759
Seymour Pierce
Jonathan Wright / Richard Redmayne           Tel: 020 7107 8000
31 January 2011
Gold Oil plc
---------------------------------------------------------------------------------------------
Consolidated Income Statement
for the six months ended 31 October 2010
  6 months to  6 months to  Year to
  31-Oct  31-Oct  30-Apr
  2010  2009  2010
 Note Unaudited  Unaudited  Audited
  £'000  £'000  £'000
Revenue  474  696  957
Cost of sales  (253)  (557)  (555)
------------------------ ------------------------ -----------------------
Gross profit  221  139  402
Development
expenditure
written off  -   (30)  (246)
Administrative
expenses 5 (996) Â (440) Â (1,028)
Other operating
income  -   320  23
Finance cost  (15)                -   (30)
------------------------ ------------------------ -----------------------
Operating loss  (790)  (11)  (879)
Finance income  5  5  9
------------------------ ------------------------ -----------------------
Loss on
ordinary
activities
before taxation  (785)  (6)  (870)
Income tax
expense 6 (21) Â 68 Â (106)
------------------------ ------------------------ -----------------------
Profit/(loss)
on ordinary
activities
after taxation  (806)  62  (976)
Dividends  -  -  -
------------------------ ------------------------ -----------------------
Profit/(loss)
attributable to
equity holders  (806)  62  (976)
Earnings/(loss)
per share:
basic 7 (0.14p)  0.01p  (0.19p)
Diluted 7 (0.14p)  0.01p  (0.19p)
The group's revenue and profit/ (loss) arise from continuing operations.
Gold Oil plc
--------------------------------------------------------------------------------
Consolidated Statement of Comprehensive Income
for the six months ended 31 October 2010
  6 months to  6 months to  Year to
  31-Oct  31-Oct  30-Apr
  2010  2009  2010
 Note Unaudited  Unaudited  Audited
  £'000  £'000  £'000
Profit/(loss) for the period  (806)  62  (976)
Other comprehensive income
Currency translation differences  6  (235)  (257)
------------- ------------- --------
Total comprehensive income for the
period  (800)  (173)  (1,233)
------------- ------------- --------
Total comprehensive income attributable
to :
- Owners of the company  (800)  (173)  (1,233)
Gold Oil plc
--------------------------------------------------------------------------
Consolidated Statement of Financial Position
as at 31 October 2010
  As at  As at  As at
  31-Oct  31-Oct  30-Apr
  2010  2009  2010
  Unaudited  Unaudited  Audited
 Notes £'000  £'000  £'000
Non-current assets
Property, plant and equipment  273  106  189
Intangibles  4,583  5,631  3,115
Goodwill  2,191  1,960  2,191
----------- ----------- --------
  7,047  7,697  5,495
----------- ----------- --------
Current assets
Inventories  104  98  115
Receivables  1,239  1,994  474
Cash and cash equivalents  2,824  1,857  2,906
----------- ----------- --------
  4,167  3,949  3,495
----------- ----------- --------
----------- ----------- --------
Total assets  11,214  11,646  8,990
Equity and liabilities
Capital and reserves
Called up share capital 8 147 Â 125 Â 125
Share premium account  13,850  10,765  10,800
Other reserve  -  -  1,964
Foreign exchange translation reserve  625  641  619
Retained earnings  (6,465)  (4,621)  (5,659)
----------- ----------- --------
Total equity  8,157  6,910  7,849
----------- ----------- --------
Current liabilities
Trade and other payables  3,057  4,736  1,141
----------- ----------- --------
----------- ----------- --------
Total equity and liabilities  11,214  11,646  8,990
Gold Oil plc
-----------------------------------------------------------------------------------------
Consolidated Statement of Cash Flows
for the six months ended 31 October 2010
  6 months to  6 months to  Year to
  31-Oct  31-Oct  30-Apr
  2010  2009  2010
  Unaudited  Unaudited  Audited
 Notes £'000  £'000  £'000
Operating
activities 9 (237) Â 2,946 Â 1,775
----------------------- ------------------------- ----------------
Investing
activities
Return from
investment and
servicing of
finance  5                 5  9
Acquisition of
goodwill  -             (98)           (329)
Purchase of
intangible assets                (856)        (3,188)           (716)
Purchase of
tangible assets                (102)  -  (60)
----------------------- ------------------------- ----------------
  (953)  (3,281)  (1,096)
----------------------- ------------------------- ----------------
Financing
activities
Proceeds from
issue of share
capital  1,108  13  48
----------------------- ------------------------- ----------------
Net cash
inflow/(outflow) Â (82) Â (322) Â 727
Cash and cash
equivalents at
the beginning of
the period  1,706  2,179  979
----------------------- ------------------------- ----------------
Cash and cash
equivalents at
the end of the
period  1,624  1,857  1,706
Consolidated Statement of Changes in Equity
  £'000  £'000  £'000
Profit/(loss) for
the period  (806)  62  (976)
Shares issued  1,108  13  48
Foreign exchange
translation  6  (235)  (257)
Other reserve  -  -  1,964
----------------------- ------------------------- ----------------
  308  (160)  779
Opening
shareholders'
funds  7,849  7,070  7,070
----------------------- ------------------------- ----------------
Closing
shareholders'
funds  8,157  6,910  7,849
As at 31 October 2010. 30 April 2010 and 31 October 2009, bank deposits included
£1,200,000 that is being held as a guarantee in respect of a letter of credit and is not
available for use until the Group fulfils certain licence commitment in Peru. This is not
considered to be liquid cash and has therefore been excluded from the cash flow
statement.
Gold Oil plc
--------------------------------------------------------------------------
Notes to the Interim Financial Information
1. General Information
Gold Oil Plc is a company incorporated in England and Wales and quoted on the
Alternative Investment Market of the London Stock Exchange. The registered
office address is Finsgate, 5-7 Cranwood Street, London EC1V 9EE.
The principal activity of the Group is that of oil and gas exploration and
production.
These financial statements are a condensed set of financial statements and are
prepared in accordance with the requirements of IAS 34 and do not include all
the information and disclosures required in annual financial statements and
should be read in conjunction with the Group's annual financial statements as at
30 April 2010. The financial statements for the half year ended 31 October 2010
are unaudited and do not comprise statutory accounts within the meaning of
Section 435 of the Companies Act 2006.
Statutory accounts for the year ended 30 April 2010, prepared under IFRS, were
approved by the Board of Directors on 13 September 2010 and delivered to the
Registrar of Companies.
2. Basis of Preparation
These consolidated interim financial information have been prepared in
accordance with International Financial Reporting Standards ("IFRS") as adopted
by the European Union and on the historical cost basis, using the accounting
policies which are consistent with those set out in the Company's Annual Report
and Accounts for the year ended 30 April 2010. This interim financial
information for the six months to 31 October 2010, which complies with IAS 34
'Interim Financial Reporting', was approved by the Board on 31 January 2011.
3. Accounting Policies
Except as described below, the accounting policies applied are consistent with
those of the annual financial statements for the year ended 30 April 2010, as
described in those annual financial statements.
The following new standards and amendments to standards are mandatory for the
first time for the financial year beginning 1 May 2010.
IAS 1 (revised), 'Presentation of financial statements'.
The revised standard prohibits the presentation of items of income and expenses
(that is 'non-owner changes in equity') in the statement of changes in equity,
requiring 'non-owner changes in equity' to be presented separately from owner
changes in equity. All 'non-owner changes in equity' are required to be shown in
a performance statement.
Entities can choose whether to present one performance statement (the statement
of comprehensive income) or two statements (the income statement and statement
of comprehensive income).
The group has elected to present two statements: an income statement and a
statement of comprehensive income. The interim financial statements have been
prepared under the revised disclosure requirements.
Gold Oil plc
-----------------------------------
Notes to the Interim Financial Information (continued)
IFRS 8, 'Operating segments'. IFRS 8 replaces IAS 14, 'Segment reporting'.
It requires a 'management approach' under which segment information is presented
on the same basis as that used for internal reporting purposes.
Operating segments are reported in a manner consistent with the internal
reporting provided to the chief operating decision-maker. The chief operating
decision-maker has been identified as the steering committee that makes
strategic decisions.
Goodwill is allocated by management to groups of cash-generating units on a
segment level. The change in reportable segments has not resulted in any
additional goodwill impairment. There has been no further impact on the
measurement of the group's assets and liabilities. Comparatives for 2010 have
not been restated.
Adoption of this Standard did not have any effect on the financial position or
performance of the Group. The Group determined that the operating segments were
the same as the business segments previously identified under IAS 14 Segment
Reporting. Additional disclosures about each of these segments are shown in Note
4.
IFRS 2 (amendment), 'Share-based payment' (effective from 1 January 2010).
The amendment to the standard is still subject to endorsement by the EU. It
deals with vesting conditions and cancellations. It clarifies that vesting
conditions are service conditions and performance conditions only. Other
features of a share-based payment are not vesting conditions. These features
would need to be included in the grant date fair value for transactions with
employees and others providing similar services; they would not impact the
number of awards expected to vest or valuation there of subsequent to grant
date. All cancellations, whether by the entity or by other parties, should
receive the same accounting treatment. The group and company will apply IFRS 2
(amendment) from 1 May 2010, subject to endorsement by the EU. It is not
expected to have a material impact on the group or company's financial
statements.
The following new standards, amendments to standards and interpretations are
mandatory for the first time for the financial year beginning 1 May 2010, but
are not currently relevant for the Group:
IAS 23 (amendment) 'Borrowing Costs'
IAS 32 (amendment) 'Financial Instruments: Presentation'
IFRIC 13 'Customer loyalty programmes'
IFRIC 15 'Agreements for the construction of real estate'
IFRIC 16 'Hedges of a net investment in a foreign operation'
IAS 39 (amendment) 'Financial instruments: Recognition and measurement'
The preparation of financial statements requires management to make estimates
and assumptions that affect the amounts reported for assets and liabilities as
at the balance sheet date and the amounts reported for revenues and expenses
during the year. The nature of estimation means that actual outcomes could
differ from those estimates. Estimates and assumptions used in the preparation
of the financial statements are continually reviewed and revised as necessary.
Whilst every effort is made to ensure that such estimates and assumptions are
reasonable, by their nature they are uncertain, and as such, changes in
estimates and assumptions may have a material impact in the financial
statements.
i) Carrying value of property, plant and equipment and of intangible exploration
and evaluation fixed assets.
Valuation of petroleum and natural gas properties: consideration of impairment
includes estimates relating to oil and gas reserves, future production rates,
overall costs, oil and natural gas prices which impact future cash flows. In
addition, the timing of regulatory approval, the general economic environment
and the ability to finance future activities through the issuance of debt or
equity also impact the impairment analysis. All these factors may impact the
viability of future commercial production from developed and unproved
properties, including major development projects, and therefore the need to
recognise impairment.
Gold Oil plc
-----------------------------------
Notes to the Interim Financial Information (continued)
ii) Commercial reserves estimates
Oil and gas reserve estimates: estimation of recoverable reserves include
assumptions regarding commodity prices, exchange rates, discount rates,
production and transportation costs all of which impact future cashflows. It
also requires the interpretation of complex geological and geophysical models in
order to make an assessment of the size, shape, depth and quality of reservoirs
and their anticipated recoveries. The economic, geological and technical factors
used to estimate reserves may change from period to period. Changes in estimated
reserves can impact developed and undeveloped property carrying values, asset
retirement costs and the recognition of income tax assets, due to changes in
expected future cash flows. Reserve estimates are also integral to the amount of
depletion and depreciation charged to income.
iii) Decommissioning costs;
Asset retirement obligations: the amounts recorded for asset retirement
obligations are based on each field's operator's best estimate of future costs
and the remaining time to abandonment of oil and gas properties, which may also
depend on commodity prices.
iv) Share based payments
The fair value of share-based payments recognised in the income statement is
measured by use of the Black-Scholes model, which takes into account conditions
attached to the vesting and exercise of the equity instruments. The expected
life used in the model is adjusted; based on management's best estimate, for the
effects of non-transferability, exercise restrictions and behavioural
considerations. The share price volatility percentage factor used in the
calculation is based on management's best estimate of future share price
behaviour and is selected based on past experience, future expectations and
benchmarked against peer companies n the industry.
4. Segmental Information
In the opinion of the Directors the Group has one class of business, being the
exploration for, and development and production of, oil and gas reserves, and
other related activities.
The Group's primary reporting format is determined to be the geographical
segment according to the location of the oil and gas asset. There are currently
two geographic reporting segments: South America, which is involved in
production, development and exploration activity, and the United Kingdom being
the head office.
 United Kingdom South America Total
 £000 £000 £000
Six months ended 31 October 2010
Unaudited
Revenue
Sales to external customers - 474 474
 _______ _______ _______
Segment revenue - 474 474
 ======= ======= =======
Results
Segment result (781) (25) (806)
 ======= ======= =======
Total assets 8,161 3,053 11,214
 ======= ======= =======
Gold Oil plc
-------------------------------
Notes to the Interim Financial Information (continued)
4. Segmental Information (continued)
 United Kingdom South America Total
 £000 £000 £000
Six months ended 31 October 2009
Unaudited
Revenue
Sales to external customers - 696 696
 _______ _______ _______
Segment revenue - 696 696
 ======= ======= =======
Results
Segment result (198) 260 62
 ======= ======= =======
Total assets 1,508 10,138 11,646
 ======= ======= =======
 United Kingdom South America Total
 £000 £000 £000
Six months
ended 30 April
2010
Audited
Revenue
Sales to - 957 957
external
customers
 _______ _______ _______
Segment revenue - 957 957
 ======= ======= =======
Results
Segment result                  (363)               (613)             (976)
 ======= ======= =======
Total assets 2,617 6,373 8,990
 ======= ======= =======
Gold Oil plc
-------------------------------
Notes to the Interim Financial Information (continued)
5. Administrative expenses
During the period administrative expenses have increased significantly. This
is primarily a result of additional expenditure incurred in progressing the
company's assets but also the costs associated with the expanded Board. A
proportion of these costs are related to the recruitment of a new CEO and
Board and also interim arrangements until the new Board was in place and hence
are one off charges. Going forward the Company feels that the costs are
appropriate for the future of the Company and reflect the nature of the
business.
Some of these costs have been incurred by Sheer Energy Pty Ltd and recharged
to Gold, refer to Note 10 for full details of the nature of these costs.
6. Income tax expense
The income tax charge for the period relates to a potential charge on one of the
UK subsidiaries.
7. Earnings/(loss) per Share
 6 months to  6 months to  Year to
 31-Oct  31-Oct  30-Apr
 2010  2009  2010
 Unaudited  Unaudited  Audited
 Pence  Pence  Pence
Earnings/(loss) per ordinary
share
Basic (0.14p)  0.01p  (0.19p)
Diluted (0.14p)  0.01p  (0.19p)
 =======  =======  =======
The earnings/(loss) per ordinary share is based on the Group's loss for the
period of £806,000 (30 April 2010 - loss of £976,000; 31 October 2009 - profit
of £62,000) and a weighted average number of shares in issue of 559,688,345
(30 April 2010 - 500,685,622; 31 October 2009 - 500,757,759).
The potentially dilutive warrants issued were nil (30 April 2010- nil; 31
October 2009 - nil).
8. Called up Share Capital
During the period, the company issued 87,778,043 new ordinary shares. These
shares were paid for by way of cash injection of £1,108,000 and conversion of
loans totalling £1,964,000.
On 30 November 2010, 25,000,000Â new ordinary shares were issued at 4p to
Sheer Energy Pty Ltd for a total value of £1,000,000.
Gold Oil plc
-------------------------------
Notes to the Interim Financial Information (continued)
9. Reconciliation of operating loss to net cash outflow
from operating activities
 6 months to  6 months to  Year to
 31-Oct  31-Oct  30-Apr
 2010  2009  2010
 Unaudited  Unaudited  Audited
 £'000  £'000  £'000
Operating loss for the
period (811) Â (11) Â (879)
Depreciation and
amortisation 18 Â 8 Â 29
Tax paid - Â (141) Â (242)
Foreign currency translation 6 Â (235) Â (257)
Inventories 11 Â 25 Â 8
Receivables (765) Â 702 Â 2,222
Payables 1,304 Â 2,598 Â (1,070)
Short term loans received - Â - Â 1,964
 ___ ___  _______  _______
 (237)  2,946  1,775
 =======  =======  =======
Gold Oil plc
-------------------------------
Notes to the Interim Financial Information (continued)
10. Related party
transactions
During the period the Company has been provided with services by Australian
Drilling Associates Pty Ltd (ADA) and Sheer Energy Pty Ltd (Sheer). Such
transactions are carried out on an arm's length basis. The companies are owned
and controlled by John Bell who is also Chairman of Gold Oil Plc.
An amount of £804,803 has been provided for as at 31 October 2010. The balance
owing at the end of the period was £804,803.
The services provided consisted of the following main categories of expenditure;
Geotechnical services, travel and charges for office accommodation and support.
Capital
  Expenditure Overheads Total
Geotechnical support services (All
blocks) 316,201 Â 316,201
External geotechnical support
services ( Nancy Burdine) 66,896 Â 66,896
Well design and workover planning
(Nancy Burdine) 42,201 Â 42,201
Analysis of 3D
Seismic data (Block
Z34) Â 78,180 Â 78,180
Legal fees   48,402 48,402
Data room costs and
other support (Block Z34
services and XX1) 12,639 1,328 13,967
Technical assistance  3,150  3,150
Other   235,806 235,806
--------------------------------------
Total  519,267 285,536 804,803
11. Financial information
The unaudited interim financial information for period ended 31 October 2010 do
not constitute statutory financial statements within the meaning of Section 435
of the Companies Act 2006. The comparative figures for the year ended 30 April
2010 are extracted from the statutory financial statements which have been filed
with the Registrar of Companies and which contain an unqualified audit report
and did not contain statements under Section 498 to 502 of the Companies Act
2006.
Copies of this interim financial information document are available from the
Company at its registered office at  Finsgate, 5-7 Cranwood Street, London EC1V
9EE. The interim financial information document will also be available on the
Company's website www.goldoilplc.com.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Gold Oil PLC via Thomson Reuters ONE
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