2009-08-15-2008-11-01

To purchase remaining interest in co., gaining 50% WI in Z34 offshore exploration contract, will hold 100%.

Gold Oil Plc through subsidiary Gold Oil Caribbean Ltd. plans to acquire the remaining interest in Peruvian company Plectrum Petroleum Ltd. from Capricorn Oil and Gas Ltd. for US$1.5 million. Plectrum holds a 50% working interest in the Z34 offshore exploration contract in Peru. Gold had a 'carry' from Plectrum, where all Gold's costs would be paid for by Plectrum through the first phase work program under the license for up to 2,550 kilometers of 2-D seismic plus processing. The transaction brings Gold's working interest in the block to 100%.