Gold Oil, Partners to Commence Testing Colombian Well Jan. 12

With its partners (Lewis Energy Colombia, Osage Exploration and Production Inc. and EMPESA SA) Gold has decided that the Rosa Blanca well has reached total depth and thus, after electrical logging and side wall cores had been taken, the 9 5/8' casing was run and cemented.

Four different zones have been selected for perforation and production testing. Testing operations will start in the week commencing January 12.

Gary Moore, CEO of Gold said, "The geological and petrophyisical data from logging and side wall cores are very encouraging."