Gulf United Energy, Inc. 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 forty percent (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.

"We are very excited about both expanding our inventory of prospects in Colombia and continuing our partnership with SK," commented John Connally, Chairman and Chief Executive Officer of Gulf United Energy, Inc. "We look forward to working closely with SK to fully exploit the potential of this block."

Tags: Gulf United Energy, Inc.