Vaaldiam Mining Inc VAALF

Exploring in Kenya?

[Kooler]

Yes, really. Here's an excerpt from a news update from a TSX venture listed company that is having some success exploring in Kenya. I'm really curious as how they get around the GOK red tape. Yes, they do have a Chinese partner. I guess that is a must if you want to have any success in Africa.

Lion Energy provides operations update

Lion Energy Corp LEO

4/7/2010 6:00:00 AM

VANCOUVER, Apr 7, 2010 (Canada NewsWire via COMTEX News Network) --

TSX.V - LEO

Lion Energy Corp. (the "Company" or "Lion Energy") (TSX.V - LEO) is pleased to provide an update regarding its ongoing exploration activities in East Africa.

Kenya

Block 9: Drilling of the Bogal 1-1 well is ongoing. The well has been successfully drilled to a depth of 5,000 metres, where currently a comprehensive set of wireline logs is being run to assess the hydrocarbon potential of numerous lower Cretaceous age sandstone intervals encountered in the well. Drilling is expected to continue ahead to a planned total depth of approximately 5,500 metres. CNOOC is the operator of Block 9. Lion Energy holds a right to acquire a net 10% working interest in this project.

Block 10BB: The tendering process for 600 km of 2D seismic has been completed and the contract will be awarded shortly. The acquisition program is expected to commence before the end of the second quarter of 2010. Our joint partner, Africa Oil Corp., has reprocessed all available vintage seismic data sharpening the imaging and the amplitude response for use in detecting direct hydrocarbon indicators. Africa Oil held its initial meeting with the local community leaders in March in order to formally introduce the joint venture partners and outline the planned work program for 2010. Lion Energy holds a right to acquire a net 20% working interest in this project.

Block 10A: Our joint venture partner, Africa Oil Corp., is reprocessing all available vintage seismic data with the objective of improving the image quality of the original data acquired in the late 1980s. New play concepts are being developed based on the reprocessed data in combination with the vintage drilling data. The Operator, Africa Oil Corp., intends to acquire 750 km of 2D seismic in the Block following the Block 10BB seismic acquisition program. Lion Energy holds a right to acquire a net 25% working interest in this project.