Business
Exercise of Option
Exercise of Option.
About this update from Sunda Energy Plc
[{"type":"text","content":"\n \n\n\n\n\n5 October 2010\n\n\n\n Gold Oil PLC (\"Gold\" or \"the Company\")\n\n Exercise of Option\n The Board of Gold, announces that the Company has been notified that Sheer\nEnergy Pty Ltd. (\"Sheer\"), a company owned by Gold's chairman, John Bell,  has\nexercised its option, granted at the time of the share subscription announced on\n 6 May 2010, to subscribe for a further  31,645,570 new ordinary shares of\n 0.00025p at an exercise price of 3.5 pence per share. As a result of the\n exercise of the option Sheer will hold 87,778,043 shares in the Company,\n representing 14.91% of the issued share capital of the Company.\nApplication has been made for the new shares to be admitted to trading on AIM\nand admission is expected to occur on 8 October 2010.\n\nFollowing the issue of the new shares, Gold's issued share capital will consist\nof 588,864,652 ordinary shares of GBP0.00025 each. The Company does not hold\nany Ordinary Shares in Treasury. Therefore the total number of Ordinary Shares\nin\nthe Company with voting rights is 588,864,652.\n\n\nFor further information, please contact:\n\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 geographic areas. The Company currently has\nsignificant acreage and is recognised as an operator for b...