Business
Website Updated
Website Updated.
About this update from Sunda Energy Plc
[{"type":"text","content":"\n \n\n\n\nFOR IMMEDIATE RELEASE\n10 April 2008\n\n\n GOLD OIL plc (\"Gold\" or \"the Company\")\n\n WEBSITE UPDATED\n\nGold Oil announces that the Company website has been updated with the\nfollowing information. The Company's website address is:\nwww.goldoilplc.com\n\nNancy Burdine and Maxine, Onshore Colombia\n\nProduction from the field averaged 385.5 bopd during the month. This\nfigure represents a slight drop due to the field being shut-in from\nMarch 15th to March 20th. A complete geological review of the whole\nof the Nancy and Burdine fields has just been completed. A review of\nthe size and location of additional facilities for the Nancy and\nBurdine fields is now underway.\n\nIn theory, the Environmental Agency has until April 14 to raise any\nadditional concerns before the Environmental Permit is approved\nautomatically. It was planned to run a down hole pressure survey on\nNancy with a wire line unit when it was closed down during the month\nand then use the same wire line unit to survey the mechanical status\nof the Burdine wells, but a wire line unit could not be contracted in\ntime.\n\nRosa Blanca, Onshore Colombia\n\nThe geological update of the area has commenced with encouraging\ninitial results. The prospect size is now seen as a lot bigger than\nfirst envisaged, mainly because Osage has access to proprietary data.\nThe plan is now to drill the first exploration well in a manner that\nallows a horizontal producing well to be kicked off from the same\nwell. The platform area is currently being purchased to allow three\nwells to be drilled from the same platform.\n\nHowever, it is unlikely that EIA approval will be made available in\ntime before the Phase 1 work obligations under the Licence are due to\nbe completed. Due to the unbelievable work load being put upon the\ngovernment agencies in Colombia this situation is becoming more\ncommon.\n\nAzar, Onshore Colombia\n\nThe latest time schedule to re-enter the Palmero 1 well is April 14.\nThe workover was delayed due to unavailability of the rig from the\nprevious job.\n\nBlock XXI, Onshore Peru\n\nAnalysis of the gravimetric survey and DNME survey has now been\ncompleted and a target well location identified. Amendment to the\nEnvironmental Approval is expected in a matter of weeks and\nconstruction work on the drilling platform will commence immediately\nafte...