VEL

Vanoil Energy Ltd. ("Vanoil" or the "the Company") (TSX VENTURE:VEL) is pleased
to announce that Earthview Geoconsultants Limited ("Earthview") of Nairobi has
completed the environmental impact assessment ("EIA") including an environmental
management and monitoring plan for its upcoming 2010 seismic program operations
in Blocks 3A and 3B in northeast Kenya. Blocks 3A and 3B constitute
approximately 25,000 square kilometres of Vanoil's Production Sharing Contract
("PSC") concession in Kenya.


On March 8, 2010, the final completed EIA reports were submitted to the EIA
coordinating authority and the Kenya National Environment Management Authority
(NEMA) in accordance with legislative requirements.


Geologically, the two Blocks fall mainly within the Anza basin (Block 3A) and
Lamu Embayment (Block 3B) with several kilometres thick basin-fill sediments.
Part of Block 3A to the east falls within the Mochesa basin and a section of
Blocks 3A & 3B acreage is underlain by near-surface, rarely exposed, limestone
rocks. The limestone's form karst topographical features such as sinkholes,
towerkarst and fluviokarst, as well as, underground channels and caverns. The
Ewaso Ng'iro River and its associated tributaries and swamps, as well as,
several laggas (seasonal or ephemeral streams) are prominent on the western side
of the blocks and as the roads may be impassable during the rainy season, the
seismic survey program would be planned to coincide with the dry season (June,
July & August).


Vanoil plans to engage with the local communities through, local employment,
practices, procurement of locally sourced goods and support of community
initiatives.


The operator, China National Offshore Oil Company ("CNOOC"), is currently
drilling the Boghal-1 test well in Block 9 on behalf of its partners Africa Oil
Corp. (TSXV:AOI), Lion Energy Corp. (TSXV:LEO) and CPC of Taiwan . This well is
currently at approximately 4,600 meters and will be testing several formations
on its way to the main target, the Jurassic carbonate reef reservoir at
approximately 5,600 meters.


On Behalf of the Board of

VANOIL ENERGY LTD.

Dal Brynelsen, President and CEO

Disclaimer for Forward-Looking Information

Statements containing forward-looking information express, as at the date of
this news release, the Company's plans, estimates, forecasts, projections,
expectations, or beliefs as to future events or results and are believed to be
reasonable based on information currently available to the Company.


Forward-looking statements and information are based on assumptions that
financing and personnel will be available when required and on reasonable terms,
and all necessary regulatory approvals and shareholder approval will be
obtained, none of which are assured and are subject to a number of other risks
and uncertainties.


There can be no assurance that forward-looking statements will prove to be
accurate. Actual results and future events could differ materially from those
anticipated in such statements. Readers should not place undue reliance on
forward-looking information.

Vanoil Energy Ltd. (TSXV:VEL)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024

Vanoil Energy Ltd. (TSXV:VEL)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024