Sagres Energy Updates on Activities in Jamaica

- June 18th, 2012

Sagres Energy Inc. (TSXV:SGI) has updated on its activities in Jamaica.

Sagres Energy Inc. (TSXV:SGI) has updated on its activities in Jamaica.

As quoted in the press release:

Rainville Energy Corporation (“Rainville”), a wholly owned subsidiary of Sagres, has recently agreed with the Petroleum Corporation of Jamaica (the “PCJ”) to enter into the second exploration phase on its licenses.

Sagres Energy’s Director, Mr. Ahmed said:

We are very pleased with the recent agreement reached with the Jamaica government. Sagres has seismically identified two main prospects and three leads in ultra shallow water across its blocks.

Click here to read the Sagres Energy Inc. (TSXV:SGI) press release.

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