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Africa Oil: Lion Energy Farmout Receives Exchange Approval
Mar. 16, 2010 11:35AM PST
Resource Investing News 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.
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