Africa Oil: Lion Energy Farmout Receives Exchange Approval

email Email  Print Print  PDF PDF
Tue, Mar 16, 2010
Oil & Gas Company News
Oil and Gas Researcher

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

Questions about this article? Leave a comment below or contact our editorial team at editor@resourceinvestingnews.com.

Leave a Comment

What is Oil and Gas Investing News' Comment Policy?
Oil and Gas Investing News pre-moderates comments on our blog posts and post-moderates comments on news stories. We never censor comments based on political or ideological point of view. We only delete those comments that include the following transgressions:

  • Are abusive, off-topic, use excessive foul language
  • Include ad hominem attacks including comments that celebrate the death or illness of any person, public figure or otherwise
  • Contain racist, sexist, homophobic and other slurs
  • Are solicitations and/or advertising for personal blogs and websites
  • Thread spamming (you've posted this same comment elsewhere on the site)
  • Are posted with the explicit intention of provoking other commenters or the staff at Oil and Gas Investing News
  • Contains content that may infringe the copyright or intellectual property rights of others or other applicable laws or regulations.
Oil and Gas Price Chart
Asides

  • OilandGasInvestingNews.com maintains a focus on oil and gas exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.

  • For upcoming oil and gas investing trade shows, see the following links: Oil Sands Technology Show,

  • The Oil and Gas Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.

  • ResponsibleMiner.com is a new web site with a wiki for mining companies and suppliers can discuss best practices in the mining industry.  Also, check for profiles of companies doing great things to improve mining best practices.

Information