Africa Oil: Lion Energy Farmout Receives Exchange Approval

- March 16th, 2010

Africa Oil Corp. (TSX VENTURE:AOI) announced that the TSX Venture Exchange has accepted for filing documentation pertaining to the August 19, 2009 farmout agreement between Lion Energy Corp. and Africa Oil. under the farmout agreement Lion Energy has the right to earn an interest in three petroleum blocks located in the Republic of Kenya and two petroleum blocks located in Puntland, Somalia.

Africa Oil Corp. (TSX VENTURE:AOI) announced that the TSX Venture Exchange has accepted for filing documentation pertaining to the August 19, 2009 farmout agreement between Lion Energy Corp. and Africa Oil. under the farmout agreement Lion Energy has the right to earn an interest in three petroleum blocks located in the Republic of Kenya and two petroleum blocks located in Puntland, Somalia.

The press release is quoted as saying:

Africa Oil Corp. is a Canadian oil and gas company with assets in Kenya, Somalia and Ethiopia. Africa Oil’s East African holdings are in what is considered a truly world-class exploration play fairway.

Click here to access the entire press release

Click here to access Africa Oil Corp Corporate Site

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