Business
Seismic Data Contract Signed
Seismic Data Contract Signed.
About this update from Sunda Energy Plc
[{"type":"text","content":"\n \n\n\n\n30 April 2009\n Gold Oil plc\n Contract Signed to Acquire Seismic Data on Block Z34\n\n\nOn 20th April 2009 Gold Oil plc (\"Gold\" or \"the Company\") announced\nthat it had entered into a Letter of Intent with SCAN Geophysical ASA\n(\"SCAN\") to acquire 2,000 km of 2D data over Block Z-34 offshore\nNorthern Peru.\nThe Company is now pleased to announce that a contract has been\nsigned with SCAN and that operations will commence in the next few\ndays. It is expected that the data acquisition phase will take\napproximately 4 weeks.\nBlock Z-34 covers 371,339 hectares and is bordered to the east by\nBlock Z2B which is operated by Petrotech Peruana, producing both oil\nand gas.\nThomas Tidow, Gold Oil's Operations Director, said: \"Block Z34 has\nthe potential for typical deepwater turbidities, which normally have\nhigh porosities and permeabilities, In addition there are possible\nextensions of the prolific structural traps in the neighbouring Block\nZ2B, and, further east, the onshore fields of the Talara Basin, where\nthe cumulative production is in the order of 1.6 billion bbl of crude\noil.\"\nFour priority areas for exploration programmes in Block Z34 have been\nidentified. Three areas are based on the feasibility to extend and\nproject, towards the west, analogues of the major oil fields in the\nTalara Basin. A fourth exploratory area is based on symmetry with\nthe trapping models of the present fields.\nMark Pritchard, Chairman of Gold Oil said that \"This 2D seismic\nprogramme is the first step in quantifying the huge potential of this\nstrategically located, and vast, block\"\n\nEnds\n\nFor further information on the Company, visit www.goldoilplc.com or\ncontact:\n\nGold Oil\nMark Pritchard, Chairman Tel: 0208\n332 6882\n\nSeymour Pierce\nJonathan Wright / Richard Redmayne Tel: 020 7107 8000\n\nNotes to Editors\n\nGold Oil is an AIM-listed oil and gas exploration and production\ncompany primarily focused on opportunities in Latin America. It has\noil production in Colombia and significant exploration acreage and\nlicences both onshore and offshore in Peru and onshore Colombia.\n\n---END OF MESSAGE---\n\n\n\n\nThis announcement was originally distributed by Hugin. The issuer is \nsolely responsible for the content of this announcement.\n\n\n\n\n \n ","length":2513,"tagName":"div"}]