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Vanoil Energy Ltd VNLEF

Vanoil Energy Ltd is a Canada based company engaged in the acquisition, exploration, and development of crude oil and natural gas properties in Kenya and Seychelles. It holds interests in two onshore blocks, 3A and 3B, in Eastern Kenya. It also holds interests in Areas A and B located in Seychelles.


GREY:VNLEF - Post by User

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Comment by Mykaljon Mar 23, 2011 4:36pm
218 Views
Post# 18330333

NEWS

NEWS

Vanoil hires Sproule to analyze data from Kenyan blocks

2011-03-23 12:48 ET - News Release

Mr. Dal Brynelsen reports

VANOIL ENGAGES SPROULE INTERNATIONAL LIMITED FOR NI 51-101 REPORT

Vanoil Energy Ltd. has engaged the services of Sproule International Ltd. to commence a detailed interpretation of the recently acquired seismic data recorded on Vanoil's 100-per-cent-owned 24,682-square-kilometre, Block 3A and Block 3B in Kenya. Sproule will also incorporate this and other geophysical and geologic information in an NI 51-101-compliant report.

In 2008, Vanoil commissioned Sensor Geophysical Ltd., a Calgary company, to reprocess 1,500 of the 2,000 line kilometres of 1970s 12-fold vintage seismic data gathered by Chevron Petroleum. Through the interpretation of the reprocessed data, a considerable number of leads were indentified resulting in Vanoil completing 447 km of 2-D 80-fold (targeting the leads) infill seismic survey conducted by BGP Kenya Ltd. in 2010 at a cost of $5-million. The seismic data processing by Statcom Ltd., based in Calgary, is nearing completion.

Sproule is a diversified, worldwide petroleum consulting firm. It has been in business for 60 years and specializes in the geophysical, geological and petroleum engineering aspects of subsurface hydrocarbon accumulations throughout the world.

Vanoil is also finalizing plans for a 3-D seismic program for Block 3A and a further 2-D seismic program on Block 3B. Vanoil anticipates it will drill its first exploratory well in 2012.

We seek Safe Harbor.

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