Companies: GOO   

Shares in Gold Oil and Minmet remain suspended but I gather a deal has been struck whereby the two companies unwind their cross-shareholding while Gold Oil emerges with some cash. It is also expected to take full control of joint ventures in Cuba and Venezuela. Gold Oil shares were suspended at 6.35p, which compares with a recommendation level here three years ago of 6.88p (though the shares have touched 16p in between). Minmet was suspended at 9.5p, which compares with a recommendation level of 12p in August this year.

Gold Oil	AIM	£28.5m	5.90p	0.02p
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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