Golden Gate Petroleum Ltd. Company News

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Small Oil Discovery Made at Bullseye Prospect's Acosta-1 Well
Tuesday, December 09, 2008The Acosta-1 well has successfully reached total depth and initial results have indicated over 20 feet of net pay in two formations.

Pantheon Advises on Jumonville-1's Progress, Wilson Well's Shut-in
Tuesday, September 09, 2008Pantheon issued an operational update for its Jumonville-1 Bullseye Prospect, located in Iberville Parish, Louisiana, and has also provided news concerning its Wilson well, which has been shut-in for maintenance.

Pantheon, Golden Gate Target 16MM in Estimated Reserves at Bullseye
Thursday, August 28, 2008Pantheon's Operator of the Bullseye Prospect, Golden Gate, has estimated 16 million barrels of oil equivalent for the Miogyp, where logs show approximately 40 feet of net pay.

Golden Gate Performs Production Tests on Bullseye Prospect
Tuesday, August 26, 2008Pantheon's operator advised it expects that cased hole logs will be run on Tuesday, August 26, 2008 for the Company's Bullseye prospect. Planning continues for the installation of production testing equipment.

Golden Gate Strikes O&G Shows at Bullseye Prospect
Monday, August 18, 2008Pantheon reported that the Operator of the Bullseye Prospect in Louisiana has encountered oil and gas shows from the Jumonville-1 well. Further testing will commence to prove the well's commercial viability.

Golden Gate's Key Drilling Rig 88 to Hit Bullseye in August
Friday, July 25, 2008Pantheon was advised by its Operator that the Key Drilling Rig #88 has been delayed arriving on location at the Bullseye Prospect in Louisiana until August 1, when drilling will resume.

Pantheon, Golden Gate Sidetrack Well on Bullseye Prospect
Friday, May 23, 2008After working to free a stuck drill pipe on the Jumonville #1 well, Golden Gate has informed Pantheon that they will sidetrack the well.

Golden Gate Connects with BNP on Manzano Prospect
Wednesday, January 09, 2008Golden Gate Petroleum has reached a settlement with BNP Corporation to drill the Manzano prospect, one of the largest prospects identified in the U.S. Padre Island Joint Venture area.

Pantheon Reports Padre Island Progress
Monday, February 26, 2007Pantheon Resources PLC said that the Kindee ST 212 #1 well on the Wilson Structure on Padre Island, Texas, spudded on February 7, 2007.

Padre Island Well Spuds, Targets Plum Deep Structure
Wednesday, August 09, 2006The board of Pantheon Resources plc reported that well operator Golden Gate Petroleum spudded the Kindee ST 212 #1 well on Padre Island, Texas, at 9:30 p.m. local time on August, 1 2006.

Pantheon: Padre Island Program Set to Start Next Week
Wednesday, July 19, 2006Pantheon Resources Plc said that it has been notified by Golden Gate Petroleum Ltd., the operator of the Padre Island Project Area offshore , that Parker Drilling's rig number 122 is now on location on Padre Island.