Gulf United Announces Acquisition in Block Vim-2

Source: www.gulfoilandgas.com 8/20/2012, Location: South America

Gulf United Energy, Inc., an independent energy company with interests in oil and natural gas properties located in Colombia and Peru, has filed a Current Report on Form 8-K with the Securities and Exchange Commission to report that it has acquired from SK Innovation Ltd. an undivided fifty percent (50%) participation interest in Block VIM-2, a 148,513-acre block in the Lower Magdalena Valley in northwest Colombia. SK operates the block.

“We are pleased to add this adjacent acreage to our block SSJN-5 with SK, bringing Gulf United’s gross land position in Colombia to over one million acres,” commented John Connally, Chairman and Chief Executive Officer of Gulf United Energy, Inc. “We look forward to continuing to work with SK to optimize our land positions in Colombia and in Peru, where our gross land position currently exceeds three million acres.”


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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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