Gulf United Energy, Inc. - FORM 8-K - EX-99.1 - March 18, 2010
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| File | Filename | |||||
|---|---|---|---|---|---|---|
| 8-K - Gulf United Energy, Inc. | gulfunited8k031210.htm | |||||
| EX-10.4 - Gulf United Energy, Inc. | ex10-4.htm | |||||
| EX-10.1 - Gulf United Energy, Inc. | ex10-1.htm | |||||
| EX-10.2 - Gulf United Energy, Inc. | ex10-2.htm | |||||
| EX-10.5 - Gulf United Energy, Inc. | ex10-5.htm | |||||
| EX-10.3 - Gulf United Energy, Inc. | ex10-3.htm | |||||
| EX-10.6 - Gulf United Energy, Inc. | ex10-6.htm | |||||
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Exhibit 99.1
NEWS
RELEASE
March
18, 2010
Gulf United Energy Acquires
Working Interest in Block XXIV Peru and Peru TEA
(HOUSTON)
Gulf United Energy, Inc. (GLFE:OTCBB) is pleased to report that it has
entered into a participation agreement (the “Participation Agreement”) with
Upland Oil and Gas, LLC Sucursal del Peru (“Upland”). Pursuant to the
terms of the Participation Agreement, Gulf United, through its wholly owned
subsidiary Gulf United Energy del Peru Ltd., acquired from Upland rights to a
35% working interest in Block XXIV Peru, an approximately 280,000 acre onshore
and offshore property, and a 35% working interest in the Peru TEA, consisting of
four contiguous blocks totalling approximately 40,000,000
acres. Upland will serve as operator on both Block XXIV and the Peru
TEA. The Company has filed a Form 8-K today disclosing this
transaction.
Contact
information: Don Wilson, Chief Executive Officer
Tel: (713)
893-3543
website:
www.gulfunitedenergy.com
email:
info@gulfunitedenergy.com
Safe harbor for
Forward-Looking Statements: Except for statements
of historical fact, the information presented herein constitutes forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of
1995. Such forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results, performance
or achievements of the company to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements. Such factors include general economic and
business conditions, the ability to acquire and develop specific projects and
the ability to fund operations and other factors over which Gulf United Energy,
Inc. has little or no control.
GULF UNITED ENERGY,
INC. P.O. Box 22165, Houston, TX
77227
Tel: (713)
893-3543 www.gulfunitedenergy.com
-1-
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