Business
NPEL Completion
NPEL Completion.
About this update from Sunda Energy Plc
[{"type":"text","content":"\n Gold Oil PLC\n30 January 2006\n\n\nFOR IMMEDIATE RELEASE 30 January 2006\n\n GOLD OIL PLC ('Gold Oil' or the 'Company')\n Update on NPEL\n\nGold Oil announces the completion of its purchase of Northern Petroleum\nExploration Limited ('NPEL'), from Northern Petroleum Plc and sale of 50% of the\nsame company to a subsidiary of Ascent Resources Plc ('Ascent'). NEPL is the\nOperator and 22.5% equity interest holder in the La Lora concession in Northern\nSpain. The La Lora concession contains the Ayoluengo field that has\nbeen producing at a rate of approximately 120 bopd over the last year. It is the\nintention of the Ayoluengo partners to rework existing wells to increase\nproduction in the field at the earliest opportunity.\n\nContact:\n\nGary Moore, Managing Director on 01737 833597\nMichael Burchell, Chairman on 01372 361772\nRoland Cornish, Beaumont Cornish Limited on 020 7628 3396.\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":1293,"tagName":"div"}]