BRIEF-Gold Oil makes progress on lifting suspension

LONDON Fri Dec 28, 2012 5:33am EST

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LONDON Dec 28 (Reuters) - Gold Oil PLC : * Update on progress made towards lifting the suspension of trading in the

company's shares on aim * Company is undercapitalized and cannot develop the full potential of its

assets without additional funds * Have progressed on plans to raise additional capital and expect to update

shareholders early in 2013 * Anticipates that one or more appointments will be made in early 2013 to

re-establish a board of directors

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