Block Z34 Farm out update

RNS Number : 8220C

Gold Oil PLC

08 May 2012

 



For Immediate Release

8 May 2012

GOLD OIL PLC

("Gold Oil" or the "Company")

Peru Block Z34 - Farm Out Update

Gold Oil, the AIM-listed oil and gas exploration and production company, (AIM: GOO), with a primary focus on opportunities in Latin America, is pleased to provide the following update to its plans to seek a farm out partner(s), for its interest in Block Z34, offshore Peru.

Gold Oil has received expressions of interest from a number of potential farminees following the planned date for receiving bids for acquiring equity in the block.  The Company will now progress discussions with interested parties with a view to firming up proposals and deciding on the next steps

For further information on the Company, visit www.goldoilplc.com or contact:

Gold Oil Plc:
Richard Mew - CEO	Tel: [phone]
Seymour Pierce Ltd (Nomad and Joint Broker):
Jonathan Wright / Stewart Dickson (Corporate Finance)	Tel:  [phone]
Richard Redmayne / David Banks (Corporate Broking)
FirstEnergy Capital LLP (Joint Broker):
Hugh Sanderson / Travis Inlow	Tel: + 44 (0) 20 7448 0200
Buchanan (Financial PR)
Tim Thompson/Ben Romney/Helen Chan	Tel: [phone]

 

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