Reply to Clarification sought by letter bearing reference no. L/SURV/ONL/PV/PA/2017-2018/44 dated June 20 2017 issued by BSE Limited wherein we have been requested to furnish information regarding significant increase in the price of securities of GOL Offshore Limited (the Company) across Exchanges in the recent past.<BR> <BR> In this regard we hereby humbly submit that to the best of our knowledge there is no material development in the Company in the recent past which has any significant impact on the price of securities of the Company. We consider this surge is driven by various parameters beyond our control and market forces.<BR> <BR> We sincerely regret the delay in submission of our reply.<BR> <BR> You are requested to notify your constituents accordingly.<BR> <BR> Thanking you.<BR>