Gulf United Energy Buys Participation Interest In Block SSJN-5 Colombia

8/17/2012 6:26 AM ET

Gulf United Energy Inc. (GLFE.OB), an independent energy company with interests in oil and natural gas properties located in Colombia and Peru, said it has filed a Current Report on Form 8-K with the Securities and Exchange Commission to report that it has acquired from SK Innovation Ltd. an undivided 40% participation interest in Block SSJN-5, a 570,452-acre block in the Lower Magdalena Valley in northwest Colombia. The partners are currently drilling the Cañaguate-1 well on the block, which was spudded late July 2012.

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