Business
Block Z-34 Update
Block Z-34 Update.
About this update from Sunda Energy Plc
[{"type":"text","content":"\n \n\n\n\n\n Gold Oil plc\n\n Block Z-34 Update\n\nGold Oil plc (\"Gold Oil\" or the \"Company\") announces the following update in\nrelation to Block Z34, located in the offshore Talara Basin, Peru. The Company\ncontinues to be in discussions with potentially interested farm-in partners and\nhas received interest from a number of international oil companies.  The\nCompany continues to evaluate historic 2D seismic data and proposes to acquire\n3D in 2011 with its chosen farm-in partner(s).\n\nThe Company notes some recent speculation about the status of the licence and\nconfirms that Gold continues to meet the contractual obligations of the licence\nand retains its 100% interest.\n\nGold Oil Peru SAC received notification from the DGAAE (department for\nenvironmental and social permits within the Ministry of Energy and Mines) that\nthe latest set of requests from the regional governmental institutions needed to\nbe answered in order to finalise its PMA (environmental management plan\napproval) process.  Gold requested additional time to get the replies back to\nthe regional institutions, but this request was denied by the ministry.\n\n\n\nFor further information on the Company, visit www.goldoilplc.com or\ncontact:\n\nGold Oil PLC\n\nJohn Bell - Chairman               Tel: +61 3 8610 3000\nRichard Mew - CEO                              Tel: +44 (0) 1483 282759\nSeymour Pierce Ltd\n\nJonathan Wright/Stewart Dickson            Tel: +44 (0) 207 107 8000\n(Corporate Finance)\nRichard Redmayne/Jeremy Stephenson\n(Corporate Broking)\n\nNotes to Editors\n\nGold Oil\n Gold Oil PLC is an independent oil and natural gas exploration and exploitation\ncompany focused on Central and Southern America. Shares in Gold are quoted on\nthe AIM market of the London Stock Exchange (AIM:GOO).\n The Company is seeking to maintain a balanced portfolio of high-risk high\nreward and low risk cash flow projects by establishing significant licence\npositions concentrated in a few geog...