Seismic Letter of Intent
Gold Oil Signs Letter of Intent to Acquire Seismic Data on Off Shore Block
Appointment of Country Manager for Colombia
Gold Oil plc (’Gold Oil’ or the ‘Company’) today announced that the company has signed a Letter of Intent (LOI) with SCAN Geophysical ASA (SCAN) for its multi-purpose 3D/2D vessel M/V SCAN STIGANDI to acquire 2,000 km of 2D data over block Z-34 offshore northern Peru. Mobilization to Z34 is set for late April 2009.
Gold also announces the appointment of Mr Carlos Gaviria as the country manager for Colombia. Mr Gaviria, a Colombian national, is a petroleum engineer with over 25 years of experience and has worked for Exxon, Texaco and Baker International in management positions. In particular Mr Gaviria has direct experience in workover and well recompletion programmes.
Gold Oil Chairman, Mark Pritchard commented ‘We are delighted to be working with SCAN to acquire data on our off-shore block Z34 in Northern Peru and look forward to completing the first phase of our license obligations. I am also please to welcome Mr Gaviria to our team. Increasing production from our Nancy Burndine field is a high priority for us and Carlos will be an integral part of this effort’.
For further information on the Company, visit www.goldoilplc.com or contact:
Gold Oil Mark Pritchard, Chairman Tel: 07802 827 846
Seymour Pierce Jonathan Wright / Richard Redmayne Tel: 020 7107 8000
Lars Johan Frigstad, CEO of SCAN Geophysical ASA Tel:+47 24 11 10 00
Notes to Editors
Gold Oil is an AIM-listed oil and gas exploration and production company primarily focused on opportunities in Latin America. It has oil production in Colombia and significant exploration acreage and licences both onshore and offshore in Peru and onshore Colombia.
SCAN Geophysical ASA is an international seismic data acquisition company specializing in marine streamer seismic services. The company is operating three seismic survey vessels, one 2D and two 3D streamer vessels. Administration is located in Oslo, with representative offices in Caracas, Houston and Singapore. SCAN Geophysical ASA is listed on Oslo Stock Exchange’s Oslo Axess.