For Immediate Release 23rd August 2007
Gold Oil plc ("Gold")
Update on 245 Km DNME survey in and around the
San Alberto 1 well, Northwest Peru
Further to the announcement of 9 May 2007, Gold is pleased to
announce that the Contractor, "Siberian Geophysical Research
Developer Limited Liability Company" arrived in Piura on 17th August,
and is calibrating its equipment and will start the DNME
(Differentially Normalized Method of Electro Investigation) survey on
or about the 23rd August. It will take at least two months for
recording raw data and one month for processing and interpretation.
Simultaneously Gold's land based gravimetric survey team has been in
Piura for one week and calibrations are complete and the survey
started on the 22nd August.
Results of these two surveys and past data will be integrated and
interpretation of these data should be ready at the end of November.
Planning for future wells can then start.
The technical information contained in this announcement has been
reviewed and approved by Mike Burchell, B.Sc., 67, member of the SPE
and with over 45 years experience in the oil and gas business.
Enquiries:
Gary Moore, Managing Director Tel: +44 (0)1737833597
Email: gmoore@goldoilplc.com
Mike Burchell, Chairman Tel. +44 (0) 1372361772
Email: mikeburchell@hotmail.com
Roland Cornish, Beaumont Cornish Limited Tel: 020 7628 3396
---END OF MESSAGE---