Sunda Energy PlcLSE: SNDA

Grant of Options and Issue of Equity

Feb 18, 2010 at 7:03 AM UTC · Issued by Sunda Energy Plc

GOLD OIL plc ("Gold Oil" or "the Company") Grant of Options and Issue of Equity The Company announces that it has granted a three year option to Mr Thomas Tidow, a director of the Company to subscribe for 4 miliion new shares in the Company at a price of 4 pence per shares and a three year option to Mr Carlos Gaviria, country manager in Colombia, to subscribe for 3 million new shares in the Company also at a price of 4 pence per share. In addition 328,850 new shares in the Company are to be issued to Mr Alberto Arispe for the provision of his services as geologist to the Company. Application has been made for these shares to be admitted to trading on AIM and admission is expected to occur on 23 February 2010. Following this issue of shares, Gold Oil has 501,086,609 ordinary shares in issue with an equivalent number of voting rights. The above voting figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or change to their interest in, the Company under the FSA's Disclosure and Transparency Rules. For further information on the Company, visit www.goldoilplc.comÂ or contact: Gold Oil Mark Pritchard, ChairmanÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Tel: 020 8332 6882 Â Seymour Pierce Jonathan Wright / Richard RedmayneÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Tel:Â 020Â 7107 8000 [HUG#1385709]