GeoGlobal Reports Successful Testing from Krishna-Godavari Block

GeoGlobal Resources Inc. said that the Gujarat State Petroleum Corporation (GSPC), the Operator of the KG#15 well in the exploration block KG-OSN-2001/3 (KG Block) successfully completed initial testing of Object 3.

The test involved 33 meters of perforations across the interval depth from 4,651 to 4,705 meters measured depth at a stabilized flow rate in excess of 14 million standard cubic feet per day ("MMSCFD") of gas and 300 barrels per day ("BBL/day") of condensate, at a flowing wellhead pressure ("FWHP") of 4,200 psi through a 28/64 inch choke size. It is anticipated by GSPC that the testing of this Object 3 will continue for the next 3 days before moving up-hole to test Object 4 in the KG#15 well.

Drilling of the KG#15 well commenced on July 17, 2006 from the KG#8 platform. The well was drilled directionally to 5,745 meters measured depth (5,669 meters total vertical depth (TVD)) to a location 750 meters SSE of the KG#8 platform location. A complete suite of modern logs were run and the testing program was designed based upon independent log analyses, as well as core samples, MDT's (Modular Formation Dynamics Tester) and hydrocarbon shows while drilling.

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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