Gulf United Energy (fka GLFE)

[HRUIBAL1]

Form 8-K for GULF UNITED ENERGY, INC.

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11-Dec-2012

Other Events

ITEM 8.01 Other Items
On December 10, 2012, Gulf United Energy (the "Company") received notice from SK Innovation Co., Ltd. ("SK"), the operator on Block CPO-4, that it intends to plug and abandon the Zorro Gris #1 well. The well will be plugged and abandoned in a manner that will allow for re-entry for future testing and evaluation. As previously planned, SK intends to release the drilling rig so that it can begin the process of acquiring its second proprietary 3-D seismic shoot on the CPO-4 block (approximately 135 square miles). The acquisition of the 3-D seismic data is anticipated to be completed during 2013.

Sentiment: Strong Buy