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Oct Completted M&A to Kootenay Energy Canada

Sep Established a Branch Office in Canada

Jun Established a Branch Office in Peru
June Incorporated with Sina Vision Co., Ltd. Merger
(Company Name changed to Golden Oil Corporation)

March Submitted exploration and production bids on international oil blocks by the government of Argentina's Rio Negro & its success in the oil exploration block of Laguna De Piedra

January Confirmed extra petroleum reserves in the El Vinalar oil exploration blocks & its success in the production test ( 2,500 barrel/day in the initial trial)
September Selected as an advisory firm for bidders group for the Oil Field Fund of Korea National Oil Corporation (Consortium with Daehan Investment Securities Co., Ltd. )

Success in the production test in the oil wells of Argentina's RMO oil block (crude oil 330 barrel/day, gas 7.6MMscf/day)

May Sold 50% stakes to set up oil production of El Vinalar blocks in Argentina and attracted investments of 4 billion won
September Adquisicion adicional del 50% de la participacion en el yacimiento productor El Vinalar, Argentina (adquirido 100% de la participacion)

Participacion en la licitacion internacional del yacimiento petrolero del Gobierno de la Provincia de Chubut y adjudicion del yacimiento exploratorio Rio Mayo Oeste

Marzo Took over additional 50% of stakes for El Vinalar production blocks in Argentina (possessed 100% of stakes)

Submitted a bid for international oil blocks by Chubut province government in Argentina & its success in the oil exploration block of Rio Mayo Oeste

March Entered into a contract to participate in oil block stakes of Anticlinal Aguada Bandera at Santa Cruz province in Argentina

January Registered and approved as operator for local oil business in Argentina
September Established a branch office in Argentina

Took over 50% stakes of production blocks of Argentina's El Vinalar
January Listed on the KOSDAQ
January Established