Wednesday, June 27, 2012

GEO global start Announces drilling programme offshore Israel

Wednesday, June 27, 2012
CALGARY, ALBERTA--(Marketwire-06/25/12) - GeoGlobal resources Inc. ("GeoGlobal" or the "company") (GGR)(GGR) now provides an operational update on its Israeli operations and preparations for its first also offshore-Israel bark spuds.

347/Myra and 348/Sara

On June 21, 2012, the noble Homer reached remote ring tone half diving ship drill ("NHF") to Myra-1-number and last preparations are, start the Myra-1 drilling well in the next few days carried out.

"We are pleased that we start drilling our first deep water offshore well in the already more productive Levantine basin off the coast of Israel," said Paul B. Miller, President and CEO of GeoGlobal. "Our service and staff are boring, which is the first step in the development of value in these licenses start."

Myra-1 is about 80 km off the coast of Israel in about 1,500 metres from the water. The Myra-1 will be drilled well vertically vertical deep subsea ("TVDSS") to an approximate depth of 5,200 meters in total which take around 70 days.

After the Myra-1 the NHF will move to the Sara-1 location, which is disabled about 1,400 feet of water about 60 miles now, in the coast of Israel. The Sara-1 well planned up to approx. 4,000 vertical drilled be M TVDSS and is expected to be around 50 days to drill.

GEO global resources Inc. (GGR)(GGR) is the well operator and 41.6% have 5% of Myra Sara, Acil has energy and its subsidiaries and its parent company Israel land development company (ILDC.TA) has 5%. Modiin Energy LP (Tokyo: MDIN.)(L), controlled by Tzahi Sultan and emergency ski Danker IDB holding Corp. Ltd. (IDBH.TA), owns 29.2%, IDB directly owns 5.6% and IPC oil and gas Holdings Ltd (IPC) (IPC.TA) has 13.6%.

About GeoGlobal

GEO global resources Inc., based in Calgary, Alberta, Canada, is, that in the public oil and gas companies shows acted through its affiliates, in the pursuit of oil and natural gas in high potential exploration targets United States by research and development in India, Israel and Colombia is active.

Cautionary statement for purposes of the "safe harbor" provisions of the private Securities Litigation Reform Act of 1995

This press release may contain statements that are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, including statements about the plans, intentions, beliefs and current expectations of GeoGlobal resources Inc., directors or its officers on oil and gas exploration and development drilling performed activities and should be carried out and the results of these activities on the exploration blocks, in which the company has an interest. The company future-oriented information related operations, production and investment quarterly updated and updated reserves, if any, on annual basis.

We caution that different risk factors accompanying our forward-looking statements and are described, under the heading "Risk Factors" in our annual report on form 10-K, quarterly reports on form 10-Q and our current reports on form 8-K. These risk factors can our operating results, financial and ability to meet our plans of which any forward-looking statements in this press release differ and affect our financial condition and our ability to pursue our business strategy and plans. When our plans do not materialize, your investment at risk.

An investment in shares of our common stock involves a high risk. Our regular reports, the we that the file with the Securities and Exchange Commission and Canadian provincial authorities at and can be viewed.

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