Business
Strategic Partner in Brazil
Strategic Partner in Brazil.
About this update from Sunda Energy Plc
[{"type":"text","content":"\n Gold Oil PLC\n13 April 2006\n\n\nFOR IMMEDIATE RELEASE 13 April 2006\n\n\n GOLD OIL SIGNS A CO-OPERATION AGREEMENT WITH A STRATEGIC PARTNER IN BRAZIL\n\n\nBrazil Co-Operation Agreement\n\nThe Company is pleased to announce that it has signed a Co-operation Agreement\nwith Proen Engenharia e Manutencao of Brazil, whereby Gold will act as Operator\nin a 50/50 joint venture. All investments will be by mutual agreement.\n\nThe companies will pursue amongst other things, onshore oil and gas properties\npreviously operated by Petrobras that are now being licenced to small companies\nin licencing rounds, the next one being in early May this year. Proen is an\nengineering contractor servicing the oil and gas industry in the whole of Brazil\nwith over 700 employees.\n\nCommenting on today's announcement, Gary Moore, Operations Director of Gold Oil,\nstated:\n\n'We have been looking for a local partner for some time as we like the\nopportunities available in Brazil. Our partners are very familiar with working\nin the oil and gas sector in Brazil and have extensive contacts and\nrelationships that will enhance the acquisition of low risk oil and gas projects\nin Brazil.'\n\n\nEnquiries:\n\n\nGary Moore Operations Director Tel: +44 (0)1737833597\n\nEmail: [email protected]\n\nMike Burchell Chairman Tel. +44 (0) 1372361772\n\nEmail: [email protected]\n\nRoland Cornish Beaumont Cornish Limited Tel: 020 7628 3396.\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":1803,"tagName":"div"}]