Business
Update on Azar, Onshore Columbia
Update on Azar, Onshore Columbia.
About this update from Sunda Energy Plc
[{"type":"text","content":"\n \n\n\n\nFOR IMMEDIATE\nRELEASE\n24 July 2008\n\n GOLD OIL plc\n (\"Gold\" or the \"Company\"; AIM Ticker: (GOO))\n\n Update on Azar, Onshore Colombia\n\nFurther to an operational update announcement made on 8 July 2008,\nGold is pleased to announce that on the Azar Block, in which the\nCompany has an interest of 18.4% NRI, the operator has now completed\nperforating and testing the N Sand zone in Palmera-1.\n\nIn 1996 the State Oil Company abandoned the well without testing the\nN sand. Following re-entry operations in Palmera-1, the well was\ntested and on natural flow the well flowed heavy oil, circa 15oAPI,\nat an average rate of 45 barrels of oil per day (\"bopd\") over a\nperiod of 32 hours. The operator has completed the well as a\npotential producer on the N Sand.\n\nThe Company also announces that the oil has been sent for laboratory\nanalysis, and the pressure data is being interpreted. The rig has\nmoved off location.\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 7448 4492\n\nConduit PR\nJonathan Charles/Ed\nPortman Tel: +44\n(0) 20 7492 6611\n\n---END OF MESSAGE---\n\n\n\n\n\n\n\n\n \n ","length":1773,"tagName":"div"}]