Gold Point Energy Announces Ohio Seismic Program

Gold Point Energy Announces Ohio Seismic Program

Monday, August 25th 2008

Gold Point Energy Corp. reported that it has commenced acquisition of a 130-mile 2D seismic survey in southern Ohio.

“The 2D seismic is the first step in evaluating potential exploration opportunities in this region. There are multiple objectives that produce gas, condensate and oil at shallow depths of 1,000 to 5,000 feet in this region. We expect to finish the acquisition, processing and interpretation of the seismic in Q3-08.” Jack S. Steinhauser, President.

Gold Point Energy Corp. is engaged in the development of oil and gas projects in the U.S., South America and Europe. The Company has experienced technical and management professionals, providing a high level of expertise to oil and gas project development, as well as good access to industry contacts and quality projects. Gold Point Energy Corp. has recently announced three new projects, which include a farm-in with Gas Plus International B.V. to earn a 50% working interest in Block 106 comprising 227,000 acres in Poland, a farm-in with JKX Oil & Gas PLC and Aurelian Oil & Gas PLC to earn a 20% working interest on portions of two licenses comprising 350,000 acres in eastern Bulgaria, and a farm-in with RTR Energy, LLC to earn a 37.5% working interest in the redevelopment of the Tepee Butte oil field in Hettinger County, North Dakota.

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