GeoGlobal to Test Bay of Bengal Well

GeoGlobal Resources Inc. reports that Gujarat State Petroleum Corporation ("GSPC"), the operator of the KG Block, has completed drilling the KG#15 well to a total depth ("TD") of 5,745 meters (5,669 meters total vertical depth ("TVD")).

A complete suite of modern logs have been run and the well is currently being cased with a 7 inch liner to TD. A testing program is being designed based upon independent log analyses, as well as core samples, MDT's ("Modular Formation Dynamics Tester") and hydrocarbon shows while drilling. The testing program is expected to commence mid-November, 2006.

Drilling of the KG#15 well commenced on July 17, 2006 from the KG#8 well platform. The well was drilled directionally to a location 750 meters SSE of the KG#8 platform to delineate the extent of the reservoir section tested in KG#8 and to seek to prove additional reserves.

GeoGlobal Resources Inc., headquartered in Calgary, Alberta, Canada, is a US publicly traded oil and gas company, which through its subsidiaries, is engaged primarily in the pursuit of petroleum and natural gas through exploration and development in India. Since inception, the Company's efforts have been devoted to the pursuit of Production Sharing Contracts with the Government of India. Currently, the Company is focused on the development of high potential exploration targets in the Krishna Godavari, Cambay and the Deccan Syneclise basin areas.

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