Vanoil Announces Revised 2011/2012 Work Programs for Blocks 3A & 3B in Kenya
07 Novembro 2011 - 5:17PM
Marketwired
Vanoil Energy Ltd. ("Vanoil") (TSX VENTURE:VEL) is pleased to
announce that the Ministry of Energy of Kenya has accepted Vanoil's
revised work programs for 2011 and 2012 on Vanoil's 100% owned
Blocks 3A and 3B, which are comprised of 24,912 square kilometres
of oil and gas concessions in the Republic of Kenya's Central
African Rift Basin System.
Work Programs for Calender 2011/2012 Blocks 3A&3B
The new approvals granted by the Ministry of Energy of Kenya for
Vanoil's 2011 and 2012 work programs included the following
objectives:
Calender Year 2011
-- Commence 2D mobilization to acquire additional 75km seismic.
-- Sign a memorandum of understanding with BGP for 50 square kilometres of
3D seismic on Blocks 3A and 3B.
Calender Year 2012
First Quarter
-- Process, interpret and integrate all vintage and seismic data.
-- Determine the optimum target.
-- Mobilization of crew for 3D seismic program.
Second Quarter
-- Acquire 50 square kilometres of 3D seismic data.
Third Quarter
-- Process, interpret and integrate all 2D and 3D seismic data.
Fourth Quarter
-- Plan and design to drill a well at a minimum depth of 3,000 meters in
first quarter 2013.
About Vanoil Energy Ltd.
Based in Vancouver, Canada, Vanoil Energy Ltd. is an
internationally diversified resource company that has a
comprehensive portfolio of oil and gas assets in the African
countries of Kenya and Rwanda, and in the Province of Alberta,
Canada. In Kenya, Blocks 3A and 3B were acquired in October 2007
through the signing of a Production Sharing Contract with the
Government of the Republic of Kenya. Blocks 3A and 3B, which cover
24,912 square kilometres, are part of the vastly under-explored
Cretaceous Central African Rift Basin System, an area that may hold
the next major sub-Saharan discoveries. Vanoil's 1,631 square
kilometres of oil and gas exclusive licence in the East Kivu Graben
in Rwanda is at the southern extension of the Albertine Graben
where Heritage and Tullow Oil made their historic discovery in
neighbouring Uganda.
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.
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Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Vanoil Energy Ltd. Dal Brynelsen 604-684-1974
604-685-5970 (FAX)brynelsen@vanoil.cawww.vanoil.ca
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