GOLD OIL PLC is an independent oil and gas exploration and production company incorporated in April 2004 and focused on identifying oil and gas interests in Latin America, in particular Peru, Colombia and Cuba. Our company will explore for, appraise, develop and produce oil and natural gas and build up the capital value of its projects to a point where it can pay dividends.
The Directors believe that their broad collective experience in the area of mergers and acquisitions and corporate and financial management as well as a profound business experience and knowledge of the South American environment in relation to small and medium sized businesses will assist them in the identification and evaluation of acquisition opportunities.
Highlights
A very significant entry position established in Peru and Colombia.
Producing reserves in Colombia, Nancy, now 58.05% and Operator.
Azar and Rosa Blanca developments underway. With regard to the Rosa Blanca Block, Gold has entered into an agreement with Montecz SA a Colombian company for one well plus testing. With regard to the Azar block the existing partners have agreed to acquire 70 sq. km of 3D seismic on top of the large Florida West lead and drill an exploration well on La Vega East.
In Peru, Block XXI Licence approved and two exploration wells were spudded with100% interest to Gold Oil. The licence contract is currently on hold /force majeure due to delays with the approval of the environmental permit for the modification of the 2D seismic grid which is to be acquired during the third exploration period.
In Peru, Block Z-34 Licence approved and the Environmental Impact Assessment approved 100% interest to Gold Oil. 2013 km of 2D seismic recently (May 2009) acquired. The licence contract is currently on hold /force majeure due to delays with the approval of the environmental permit for the modification of the 3D seismic grid which is to be acquired during the second exploration period.
An agreement with Ferrostaal of Germany for a major petrochemical development in Peru.
Qualified as Onshore and Offshore Operator in Cuba.
