EDITOR: | March 18th, 2014 | 2 Comments

Gondwana Oil Selected To Negotiate Ghana Block

| March 18, 2014 | 2 Comments
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Gondwana-OilMarch 18, 2014 (Source: CNW) — /NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWSWIRE SERVICES/

Gondwana Oil Corp. (“Gondwana”) (CSE: GO) is very pleased to announce that after review of its application on the Offshore Cape Three Points South Block, Ghana’s Ministry of Energy and Petroleum has invited Gondwana’s 70% owned Ghanaian subsidiary, Miura Petroleum Limited, to negotiate exclusively on the Block.

The Block is surrounded by 20 discoveries, including the world-class 2 billion barrel Jubilee light-oil field, currently producing in excess of 110,000 barrels of oil per day.

Since 2010, exploration and development drilling offshore Ghana has achieved an unprecedented 72% exploration success rate, and 63% commercial success rate.

Gondwana has been working diligently towards this goal and believes that the Offshore Cape Three Points South Block, in the Tano Basin only 30kms from Jubilee, is one of the most important and prospective blocks in the prolific West African Transform Margin, which has been home to great exploration success and attracted multiple energy majors.

The company and its strong and experienced technical team, as well as its local partners, look forward to rapidly commencing exclusive negotiations in Ghana.

Please visit the company’s website http://www.gondwanaoil.com for more information.

Forward-Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Resulting Issuer, including, but not limited to, the impact of general economic conditions, industry conditions, dependence upon regulatory approvals, and the uncertainty of obtaining additional financing. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.


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Comments

  • Gondwana Oil to benefit from Ghana’s offshore oil infrastructure | InvestorIntel

    […] Gondwana Oil Corp. (“Gondwana”) (CSE: GO), which commenced trading last February 26, is involved in the exploration and development of oil and gas resources in Ghana. Gondwana owns a 70% stake in Miura Petroleum Ltd., which has been officially been invited by Ghana’s Ministry of Energy to negotiate exclusively for the exploration license at the 1,600 sq km “Offshore West Cape Three Points South Block ” off the Ghanaian coast, as confirmed on March 18. […]

    March 19, 2014 - 11:50 AM

  • Market is like "waiting for water to boil" | InvestorIntel

    […] The reason Oil & Gas was up due in part to our #1 performer of the week Gondwana Oil Corp. (“Gondwana”). Gondwana CSE: GO up +50% commenced trading on February 26 – is involved in the exploration and development of oil and gas resources in Ghana. Gondwana owns a 70% stake in Miura Petroleum Ltd., which has been officially been invited by Ghana’s Ministry of Energy to negotiate exclusively for the exploration license at the 1,600 sq km “Offshore Cape Three Points South Block ” off the Ghanaian coast, as confirmed on March 18. […]

    March 25, 2014 - 9:43 AM

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