Gold Oil Seeks Farm Out Partners for Block Z34 Offshore Peru

Gold Oil Seeks Farm Out Partners Offshore Peru

Gold Oil, the AIM-listed oil and gas exploration and production company, with a primary focus on opportunities in Latin America, provides 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.

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Subsea World News Staff, May 9, 2012; Image: Gold Oil