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protrade7

11/07/12 1:40 PM

#111 RE: protrade7 #110

GGR .... Having completed the work programs in Myra and Sara the Company is now qualified as a Deep Water Operator in Israel. We intend to use this qualification to open up new opportunities to us in the basin and abroad."

"We completed the drilling of Sara-1 exploration well within the planned budget and timelines," said Paul B. Miller, President and CEO of GeoGlobal. "The result from the well did not meet our expectations but we believe there are additional prospects in the Myra and Sara licenses and the basin