GeoGlobal Resources is a U.S. publicly traded oil and gas company headquartered in Calgary, Canada. Through its subsidiaries, the company is engaged in pursuing petroleum and natural gas in high exploration targets through exploration and development in India, Israel, and Colombia. The company's India activities were initiated in 2003.
GeoGlobal recently discovered oil (17 degree API) at its Punam-1 well on Block RJ-20 in India. The company also recently raised gross proceeds of US $926,435 through a private placement of stock, and GeoGlobal should be drilling the first well (34.872%) on the Samuel offshore license in the State of Israel, with an estimated 62 million barrels of oil from two strata before April 30, 2013.
Currently, GeoGlobal's activities are being undertaken in four geologic basins both offshore and onshore in India; in one geologic basin located offshore in Israel; and in one geologic basin located onshore in Colombia, where reserves of oil for natural gas are believed by the company's management to exist.
GeoGlobal's mission is to be recognized as a global leader in the exploration of conventional oil and gas. The company aims to achieve this by actively seeking out high-potential hydrocarbon reservoirs around the world; performing its duties in a manner that is safe and commercially and environmentally responsible; having and maintaining a positive impact on the communities in which it operates; and promoting sustainable solutions while also delivering shareholder value.
For more information, visit geoglobal.com
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