Gold Oil PLC is a newly-incorporated company that has been established in order to identify and acquire projects in the oil and gas sector, with particular emphasis on Central and Southern America, and initially focused on Peru. Such projects may be acquired through direct investment, or by acquiring all or part of an existing or newly-formed company or business.
The Company presently faces limited competition, as there are few, North American or European oil and gas companies operating in Northern Peru. This is, however, changing rapidly as more and more companies see the opportunities available. Additionally, the Company will benefit from a low-cost workforce. The Executive has spent the last twelve years working in the region, and believes that they have the contacts and local knowledge to capture and exploit economically attractive opportunities.
The Directors believe that their broad collective experience in the area of mergers and acquisitions and corporate and financial management in relation to small and medium sized businesses will assist them in the identification and evaluation of acquisition opportunities.
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