GeoGlobal Resources Inc.
NYSE Amex : GGR

GeoGlobal Resources Inc.

June 22, 2010 16:40 ET

GeoGlobal Announces Additional Award of an Oil & Gas License in Israel

CALGARY, ALBERTA--(Marketwire - June 22, 2010) - GeoGlobal Resources Inc. (GeoGlobal or the Company) (NYSE Amex:GGR) announces that by letter dated June 16, 2010, the Israel Petroleum Commissioner's office has notified a consortium, which includes GeoGlobal, of the award of a petroleum license to one shallow water offshore license known as the "Samuel" license.

Certain of the definitive documents have not been made available to the Company. Upon such time that the documents are available to the Company, a further press release will be issued. 

The Samuel license covers an area of approximately 400 square kilometers and is located in the Levantine Basin. The license stretches an area from the shoreline to approximately 10 kilometers off the western coast of Israel in the Mediterranean Sea in water depths between the shoreline and approximately 100 meters.

About GeoGlobal
GeoGlobal Resources Inc., headquartered in Calgary, Alberta, Canada, is a US publicly traded oil and gas company, which, through its subsidiaries, is engaged in the pursuit of petroleum and natural gas through exploration and development in India and Israel. The Company has been focused on the development of high potential exploration targets in the Krishna Godavari, Cambay, Deccan Syneclise, and Rajasthan basin areas in India.

Forward Looking Statements
Some statements in this press release may contain forward looking information. These statements may address future events and conditions and as such, could involve inherent risks and uncertainties. Our actual results of oil and gas exploration and development activities could be significantly different from any results anticipated. Our exploration and development activities involve highly speculative exploration opportunities that involve material risks. Additional important risk factors are described in the Company's periodic filings with the Securities and Exchange Commission, including the Company's annual report on Form 10-K and quarterly reports on Form 10-Q. The filings may be viewed at http://www.sec.gov and www.sedar.com. The Company updates forward-looking information related to operations, production and capital spending on a quarterly basis and updates reserves on an annual basis.

Contact Information

  • GeoGlobal Resources Inc.
    Allan J. Kent
    Executive VP and CFO
    +1 403 777-9253
    or
    GeoGlobal Resources Inc.
    Carla Boland
    Investor Relations and Corporate Affairs
    +1 403 777-9253
    +1 403 777-9199 (FAX)
    info@geoglobal.com
    www.geoglobal.com
    or
    The Equicom Group
    Dave Feick
    Managing Director, Western Canada
    +1 403 218-2839
    +1 403 218-2830 (FAX)
    dfeick@equicomgroup.com