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Drilling commences on Block XXI, Onshire Peru
Drilling commences on Block XXI, Onshire Peru.
About this update from Sunda Energy Plc
[{"type":"text","content":"\n \n\n\n\nFOR IMMEDIATE\nRELEASE\n21th July 2008 at 07.00\n\n GOLD OIL plc\n (\"Gold\" or the \"Company\"; AIM Ticker: (GOO))\n\n Drilling commences on second well on Block XXI, onshore Peru\n\n\nGold Oil, the AIM listed oil and gas explorer and producer with\nassets in Colombia and\nPeru, today announces that the spudding of well SA-2X commenced over\nthe weekend.\n\nWell SA-2X, Block XXI, Onshore Peru\n\nDrilling is expected to reach a target depth of 5,200 feet and take\napproximately one month to complete.\n\nBlock XXI was acquired as a high risk-high reward block but the\nresults of SA-1X and recent geophysical work reduces the risks for\nthis well but there is still a large exploration upside associated\nwith the well and the rest of the block..\n\nGary Moore, CEO of Gold Oil, commented today, \"the Board is excited\nto begin the next phase of drilling. We look forward to keeping the\nmarket informed of developments.\"\n\nThe technical information contained in this announcement has been\nreviewed and approved by Mike Burchell, B.Sc., member of the SPE and\nwith over 45 years experience in the oil and gas industry.\n\nFor further information:\n\nGold oil plc\nMichael Burchell,\nDirector Tel:\n+44 (0) 1372 361 772\n\nBeaumont Cornish Limited\nRoland\nCornish\nTel: +44 (0) 20 7628 3396\n\nBlue Oar Securities\nJerry\nKeen\nTel: +44 (0) 20 7447 4492\n\nConduit PR\nJonathan Charles/Ed Portman\n Tel: +44 (0) 20 7492 6611\n\n---END OF MESSAGE---\n\n\n\n\n\n\n\n\n \n ","length":1773,"tagName":"div"}]