Testing Operations Suspended at Colombia's Rosa Blanca Well

Gold Oil has reported the suspension of testing operations on the Rosa Blanca 1 well. The drilling rig is being demobilized after testing of the lower and middle sections of the target reservoirs failed to find producible hydrocarbons.

The Joint Venture partners, Lewis Energy Colombia, Osage Exploration and Development and EMPESA will come to a decision shortly on whether to re-enter the well with a smaller work over rig and retest the middle sections and test the upper section encountered after
considering the logs, sidewall core, and data collated to date from testing operations.



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