Seismic Letter of Intent

4/20/2009, 10:58 AM (Source: GlobeNewswire)
20th April 2009

Gold Oil plc

Gold Oil Signs Letter of Intent to Acquire Seismic Data on Off Shore
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 or

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.
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