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Vanoil Energy is preparing to drill in Q1 2013 in Kenya Blocks 3A and 3B - Die letzten 30 Beiträge


WKN: A0YGEA | Symbol: VNLEF
0,011
07.02.17
Berlin
-8,33 %
-0,001 EUR

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VANOIL PROVIDES UPDATE ON LICENSE RENEWALS IN KENYA
February 3, 2014 - Vanoil Energy Ltd. (TSXV:VEL), (“Vanoil” or the “Company”), a Vancouver-based Canadian international oil and gas development company wishes to confirm ongoing discussions with the Kenyan Government with regard to its license renewals in Kenya.
These talks are now at a key stage and the Company expects them to conclude imminently. At such time, Vanoil will provide an immediate information update to the market.
About Vanoil
Vanoil is an oil and gas company with a portfolio of assets in East Africa and in the Republic of Seychelles, in the western Indian Ocean.
In Kenya, Vanoil is negotiating to renew its interest in onshore Blocks 3A and 3B, originally acquired in October 2007 through the signing of a Production Sharing Contract (PSC) with the Government of the Republic of Kenya. These blocks cover 24,912 km2 in Kenya’s Anza Basin and are geologically analogous to the prolific Muglad and Melmut Basins of South Sudan and geographically in close proximity to the recent PaiPai discovery in Kenya
In offshore Kenya, the Company anticipates the receipt of its 10% working interest in the highly prospective 5,110 km2 Block L9 alongside Dominion Petroleum Kenya Limited (a wholly owned subsidiary of Ophir Energy plc) and FAR Limited. This block lies directly south of Block L8 which hosts the Mbawa gas discovery made in 2012.
In the Seychelles, Vanoil has a 25% participating interest alongside partner Afren plc in offshore Exploration Areas A and B, covering some 14,319 km2.
On behalf of the Board of
VANOIL ENERGY LTD.
James Passin
Chairman
To find out more about Vanoil, please visit our website at www.vanoil.ca, email: info@vanoil.ca or contact:
Don Padgett +1 760 485 7678
Malcolm Burke +1 604 220 2000
Scott Rose +1 604 684-1974 x 227
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Disclaimer for Forward Looking Information
This news release includes forward-looking statements that are subject to assumptions, risks and uncertainties. Statements in this news release which are not purely historical are forward-looking statements, including without limitation any statements concerning the Company's intentions, plans, estimates, beliefs or expectations regarding the future. Although the Company believes that any such intentions, plans, estimates, beliefs and expectations in this news release are reasonable, there can be no assurance that any such intentions, plans, beliefs and expectations will prove to be accurate.
The Company cautions readers that all forward-looking statements, including without limitation those relating to the Company's future operations and business prospects, are based on assumptions that cannot be assured and are subject to certain risks and uncertainties that could cause actual events or results to differ materially from those indicated in the forward-looking statements. Readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance on forward-looking statements.
Any forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual events or results could or do differ from those projected in the forward-looking statements. The Company assumes no obligations to update any forward-looking statements, whether as a result of new information, future events or otherw
Vanoil Energy Ltd
Suite 900 - 595 Howe St.
Vancouver British Columbia V6C 2T5
Canada
http://www.vanoil.ca/s/NewsReleases.asp?ReportID=620693&_Type=News-Releases&_Title=Vanoil-Announces-Settlement-Accord-with-the-Government-Of-Rwanda
Vanoil Initiates Conciliation Process to Resolve
Oil and Gas Dispute with Republic of Rwanda

September 10, 2013 - Vanoil Energy Ltd. (TSX-V:VEL), (“Vanoil” or the “Company”), a Vancouver-based Canadian international oil and gas development company today announced its intention to initiate “conciliation” discussions with the government of the Republic of Rwanda to resolve a dispute related to the Company’s exploration and analysis of an oil and gas asset in the East African country. Conciliation is the first-step in the commercial arbitration process agreed to by both Vanoil and the Rwanda government to resolve any commercial dispute.

The Company has been engaged for more than six years in an oil and gas exploration and evaluation program in the north-western part of Rwanda, better known as "East Kivu Graben Basin”. Vanoil undertook these activities pursuant to a Technical Evaluation Agreement (“TEA”) with the Rwanda government. The TEA was necessary to facilitate Vanoil’s exploration and evaluation activities as Rwanda lacked the requisite legal framework to promote, protect and otherwise govern oil and gas exploration in the country.

Under the TEA, Vanoil secured a “Right of First Option” to enter into a production-sharing contract (“PSC’) with the Rwandan government in relation to any promising oil discoveries identified in the East Kivu Graben Basin. Vanoil has spent in excess of $3 million (USD) on its exploration activities based on Rwanda’s commitment to conclude a binding PSC with the Company. In June 2013, after many months of negotiation for a PSC, the Rwandan government, without notice or justification, summarily terminated negotiations and, with that, terminated Vanoil’s exclusive rights to develop the East Kivu Graben Basin.

Vanoil has selected a lawyer to participate on the three-person conciliation panel. The Company understands that Rwanda has also selected its representative to the conciliation panel and it is expected that a third panellist will also be selected shortly by the parties.

About Vanoil Energy Ltd.

Vanoil is an oil and gas company with a portfolio of assets in East Africa and the African state of the Seychelles Islands in the Indian Ocean.

In Kenya, Vanoil holds a 100% interest in onshore Blocks 3A and 3B, acquired in October 2007 through the signing of a Production Sharing Contract (PSC) with the Government of the Republic of Kenya. These blocks cover 24,912 km2 between Tullow Oil's recent oil discoveries and Apache Corp.'s offshore gas well.

In offshore Kenya, the Company has negotiated a 10% working interest in the highly prospective 5,110 km2 Block L9 from Dominion Petroleum Kenya Limited (a wholly owned subsidiary of Ophir Energy plc). This block lies directly south of Block L8 where Apache Corporation made its Mbawa gas discovery in 2012.

In the Seychelles, Vanoil has a 25% participating interest alongside partner Afren plc in offshore Exploration Areas A and B, covering some 14,319 km2.

On behalf of the Board of

VANOIL ENERGY LTD.

Aaron D’Este

President
[url http://www.vanoil.ca/s/NewsReleases.asp?ReportID=596337&_Type=News-Releases&_Title=Vanoil-Provides-Madogashe-I-Update[/url]
"Canadian explorer Vanoil Energy has received a deadline extension to finish drilling a well for crude oil in northeastern Kenya.

The firm was previously obligated to finish drilling its first well by April 30 this year. Under the terms of the extension, Vanoil must only commence drilling its first well before July 31."


Neue Deadline ist nun wieder abgelaufen.
3fach-Update:

a) Neue Präsi ist wieder online - und bei mir für den Fall der Fälle bereits gespeichert ;)
http://www.vanoil.ca/i/pdf/Vanoil_Corporate_Presentation_201…

b) NR vom 14.05.: Fluormin-Deal läuft...

May 14, 2013
Vanoil Announces Results of AGSM and Approval of Fluormin Acquisition

May 14, 2013 - Vanoil Energy Ltd. (TSX-V:VEL), an oil and gas company with a portfolio of assets in East Africa ("Vanoil" or the "Company") is pleased to announce that all motions put forward for approval at its Annual and General Special Meeting held on May 10, 2013, passed with significant shareholder support.

James Passin, Aaron D'Este, Don Padgett, Larry Van Hatten, Samuel Malin and Francis Karanja were elected to the Company's board of directors. The Company's shareholders also reappointed Ernst & Young LLP as auditors for the coming year and approved the re-adoption and amendment of the Company's stock option plan.

By way of an ordinary resolution by the minority shareholders of the Company, the acquisition of Fluormin Plc by Vanoil, as announced on March 26, 2013, was approved, with 99.83% of the votes cast in favour of the acquisition.

Mr. Aaron D'Este stated, "We are extremely pleased with the overwhelmingly positive response we received from shareholders approving the acquisition of Flourmin PLC. We are currently marching towards our two-well drilling program in Kenya, and we remain on track to commence our first well in July."

Full details on the acquisition of Fluormin Plc can be found in Vanoil's management information circular dated April 8, 2013, which is available on the Company's website at www.vanoil.ca or on SEDAR at www.sedar.com.
http://www.vanoil.ca/s/NewsReleases.asp?ReportID=584343&_Typ…

c) NR vom 15.05.: Ruanda-Verlängerung um einen Monat:

May 15, 2013
Vanoil Extends Tea With Rwandan MNR

May 15, 2013 - Vanoil Energy Ltd. (TSX-V:VEL), an oil and gas company with a portfolio of assets in East Africa ("Vanoil" or the "Company") wishes to announce it has received a further one month extension until June 13, 2013 to its Technical Evaluation Agreement with the Rwandan Ministry of Natural Resources. The agreement provides Vanoil with the exclusive right to negotiate a Production Sharing Contract ("PSC") covering approximately 1,631 square kilometres of the East Kivu Graben, located beneath Lake Kivu, Rwanda.
http://www.vanoil.ca/s/NewsReleases.asp?ReportID=584576&_Typ…
Antwort auf Beitrag Nr.: 44.587.051 von motz1 am 07.05.13 23:23:46Habe gerade entdeckt dass die Präsentation wieder offline ist - und ich hatte sie noch nicht gespeichert :cry:

HAT IRGENDJEMAND EINE KOPIE GESPEICHERT? Wäre super, bitte einfach kurz hier melden oder per Board Mail . . . Danke!
Heute gab es drei Neuigkeiten:
a) Funding
b) Farm-out läuft
c) Neue Präsentation

...........................................

Vanoil Announces Offering of Common Shares

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 7, 2013) -
[...]

Vanoil Energy Ltd. (TSX VENTURE:VEL), an oil and gas company with a portfolio of assets in East Africa ("Vanoil" or the "Company") has filed with, and obtained receipt for, a preliminary short form prospectus from the securities regulatory authorities in British Columbia, Alberta and Ontario (the "Qualifying Provinces") in connection with a marketed offering (the "Offering") of common shares. The Offering will also be made in such other jurisdictions outside of Canada where the Offering can be completed on a private-placement basis, exempt from any prospectus, registration or other similar requirements.

The Offering will be led by GMP Securities L.P. ("GMP") and will be conducted on a best efforts agency basis. The final terms of the Offering, including size and price, will be determined in the context of the market, and the net proceeds will be primarily used to fund Vanoil's previously announced 2013 two-well drill program in Kenya commencing in July of this year. Vanoil has concurrently launched a farm-out process to find a suitable partner for its 100%-owned blocks 3A and 3B in the South Anza Basin, onshore Kenya, where the wells are being drilled, and the Company has an active work programme in place on its other East African licences, with two seismic surveys completed recently and two further wells to be drilled in 2014.

The Offering is subject to customary conditions and the receipt of required regulatory approvals, including the approval of the TSX Venture Exchange. The Offering is scheduled to close on or about June 3rd, 2013, or such other date as the Company and GMP may agree.

http://web.tmxmoney.com/article.php?newsid=60016127&qm_symbo…

---------------------------------

Neue Präsentation - imho sehr sehenswert:
http://www.vanoil.ca/i/pdf/Vanoil-Presentation-may2013.pdf

- Rig-Mobilisierung im Juni (Sinopec-Rig)
- Full Service durch Schlumberger
- Spud von "Madogashe-1" im Juli > erwartete Drilling-Dauer von 70 Tagen für etwa 4.300(!)m; aus meiner Sich "viiiiieeeeel" zu optimistisch!
- Farmout angestoßen
http://secure.campaigner.com/Campaigner/Public/t.show?5d86j-…



FLUORMIN TRANSACTION UPDATE AND ENTRY INTO
TRANSFER AGREEMENT IN RESPECT OF BLOCK L9 Kenya

April 19, 2013 - Vanoil Energy Ltd., a TSX-V-listed oil and gas company with a portfolio of assets in East Africa ("Vanoil"), is pleased to announce that, following the announcement on 26 March 2013, confirming its intention to acquire the entire issued and to be issued share capital of AIM-listed Fluormin PLC (AIM: FLOR) ("Fluormin"), it has received confirmation of Fluormin's shareholders having passed by the necessary majorities, the resolutions proposed at the Court Meeting (convened by order of the High Court of Justice in connection with the scheme of arrangement) and at the general meeting held yesterday.

The approval by Fluormin's shareholders of the scheme of arrangement is a significant step towards the implementation of the scheme, which is expected to become effective on 17 May 2013, subject to the satisfaction of further conditions.

Vanoil is also pleased to announce that its newly acquired subsidiary, Avana Petroleum Kenya Limited ("Avana"), has entered into a transfer agreement with Dominion Petroleum Kenya Limited ("Dominion") (a wholly owned subsidiary of Ophir Energy plc), to perfect Avana's title to a 10% participating interest in Kenya offshore Block L9. Dominion holds the balance of the participating interest.

Aaron D'Este, President and CEO, commented:

"It was excellent to see such strong support from Fluormin's shareholders at the meetings held yesterday. The affirmative results are a significant and positive step in the implementation of the scheme of arrangement. The acquisition of Fluormin, once completed, will provide an invaluable source of capital for Vanoil. Execution of the L9 transfer agreement is also a welcome step in the diversification of our East African asset portfolio. The encouraging results in neighbouring blocks, and the density of seismic already acquired, give us cause for optimism in L9."

Vanoil also announces that it has filed a 51-101 report on the prospective resources of Avana Petroleum Ltd., which is available under the Company's profile at www.sedar.com.

To find out more about Vanoil, please visit our website at www.vanoil.ca or contact:

Don Padgett +1 604 763-1229

Malcolm Burke +1 604 220-2000

Scott Rose +1 604 684-1974 x 227

FTI Consulting

Billy Clegg, Natalia Erikssen, Sara Powell +44 20 7269 9348

About Vanoil Energy Ltd.

Based in Vancouver, Canada, Vanoil is an oil and gas company with a portfolio of assets in East Africa.

In onshore Kenya, Blocks 3A and 3B were acquired in October 2007 through the signing of a Production Sharing Contract with the Government of the Republic of Kenya. These blocks, which cover 24,912 km2, potentially contain prospective resources in excess of 0.9 boe, positioned between Tullow's recent oil discovery and Apache's offshore gas well. In offshore Kenya, the anticipated perfection of a 10% participating interest in 5,110 km2 offshore Block L9, alongside partner Dominion Petroleum Kenya Limited (a wholly owned subsidiary of Ophir Energy plc ("Ophir")), is estimated by Ophir to represent a net 270 million boe to Vanoil.

In the Seychelles, Vanoil's 25% participating interest alongside partner East African Exploration Seychelles Limited (a wholly owned subsidiary of Afren plc ("Afren")) in oil and gas exploration Areas A and B, which total some 14,000 km2, has a recoverable mean unrisked prospective resource net to Vanoil estimated by Afren of 0.7 boe.

Vanoil also has the exclusive right to negotiate a production sharing contract with the Republic of Rwanda covering 1,631 square kilometres of oil and gas concessions in the northwestern part of the Republic of Rwanda, better known as "East Kivu Graben".
Hi bmann025,
ich kann dir keinen konkreten Termin nennen. Ich denke die site preparation sollte in 6-8 Wochen machbar sein, das kann aber nach gewählter Location auch ganz anders aussehen. Man darf wohl davon ausgehen dass es um die Infrastruktur nicht zum besten steht, andererseits muss Ngamia oder auch South Omo nicht unbedingt repräsentativ sein. Das Rig ist bereits im Land und vom Hafen aus ist es zumindest nicht so weit wie in den Norden zu den AOI sites.
Ich kann mir vorstellen dass die gesamte Logistik im Hintergrund bereits angelaufen ist, seit die Verlängerung und Flexibilisierung der Drillings zugestanden wurde - damit konnten im Prinzip die Locations gewählt werden.

Wir sollten dazu noch Infos bekommen. Hast du bedenken dass es zeitlich knapp werden könnte? In Africa doch nicht ;) ...


Eine andere Info gab es heute: Fluormin sagt "ja bitte":

.......................................


Confirmation of the Intention of Vanoil Energy Ltd. ("Vanoil") to Acquire Fluormin PLC ("Fluormin" or the "Company")

Vanoil Energy Ltd, a TSX-V-listed oil and gas company with a portfolio of assets in East Africa, today confirms its intention to acquire the entire issued and to be issued share capital of AIM listed Fluormin PLC and the entry into of the Implementation Agreement.

The Independent Vanoil Directors have been advised that the Independent Fluormin Directors will recommend the Acquisition to Fluormin Shareholders.

Highlights
•If completed, the Acquisition is expected to provide significant cash resources in the order of US$27 million, including an advance loan of US$5 million.
•This capital provides the near term financial flexibility necessary for Vanoil to proceed with its ambitious drilling and seismic programmes to unlock the potential value of its acreage, with two 3D seismic surveys and at least two drilling events scheduled in 2013 alone.

The Independent Vanoil Directors believe that the Acquisition should lead to the following benefits for the shareholders of Vanoil:
•Vanoil's strategic objective is to build a highly prospective portfolio of assets across East Africa and to fund the exploration and development of its properties. Vanoil's previously announced offer for the entire issued share capital of Avana has the potential to double Vanoil's recoverable mean unrisked prospective resources while providing both geological and geopolitical diversification to further de-risk Vanoil's portfolio;


•the acquisition of Fluormin provides an invaluable source of capital, acquired at a premium to Vanoil's current share price, to fund Vanoil's near term operational programme, which includes the drilling of two onshore wells in the Anza basin adjacent to recent successes in Kenyan Block 10a;


•completing both the Avana and Fluormin acquisitions in rapid succession would pave the way for realising Vanoil's ambitious growth plans as the acquisitions are expected to deliver financial and operational synergies of a potentially transformational nature for the enlarged Vanoil Group and provide Vanoil with the near term financial flexibility necessary for Vanoil to proceed with its ambitious drilling and seismic programmes to unlock the potential value of its acreage, with two 3D seismic surveys and at least two drilling events scheduled for 2013 alone;


•the acquisition of Fluormin will assist with an orderly disposal of Fluormin's assets in conjunction with Vanoil's network and expertise; and


•the acquisition of Fluormin also introduces Vanoil to Fluormin's international investor base, whose support will be highly valuable to Vanoil and its enlarged group in the future.


Summary
•The Independent Vanoil Directors have been advised that the Independent Fluormin Directors will recommend that Fluormin Shareholders approve the acquisition by Vanoil (or a wholly owned subsidiary of Vanoil) of the entire issued and to be issued ordinary share capital of Fluormin (the "Acquisition").


•Fluormin is not currently subject to the jurisdiction of the Panel on Takeovers and Mergers. Accordingly, the Acquisition will not be subject to the City Code on Takeovers and Mergers.


•The Acquisition is to be made in accordance with the terms of the Implementation Agreement and is intended to be conducted by way of a Court-sanctioned scheme of arrangement pursuant to Part 26 of the Companies Act 2006.


•Based upon independent valuations, the Vanoil Directors expect that aggregate cash reserves in the order of US$27 million can be realised from Fluormin's existing accounts and receivables and from the subsequent realization of Fluormin's assets.


•Under the terms of the Acquisition, Fluormin is valued at US$27 million. In consideration for the purchase of the entire issued and to be issued share capital of Fluormin, Vanoil will issue an aggregate of:

◦approximately 45,000,000 Vanoil Shares, based upon a price of US$0.60 per Vanoil Share;


◦approximately 31,973,667 CAN$1.00 Warrants, entitling the holder to subscribe for one Vanoil Share at any time during the two year period immediately following the Acquisition; and


◦approximately 6,500,000 CAN$0.75 Warrants, entitling the holder to subscribe for one Vanoil Share at any time prior to 13 March 2014.



•Based upon Fluormin's existing share capital, for each Fluormin Share held, Scheme Shareholders will be entitled to receive 0.806 new Vanoil Shares and be issued with 0.572 CAN$1.00 Warrants and 0.116 CAN$0.75 Warrants.


•Outside the terms of the Scheme, Fluormin Optionholders will each be entitled to receive, in respect of the cancellation of their Fluormin Options, 0.5 CAN$1.00 Warrants (each whole warrant exercisable at any time during the two year period immediately following the Acquisition) in respect of each Fluormin Share over which they have a Fluormin Option. The total number of CAN$1.00 Warrants granted pursuant to this is 1,776,333.


•Vanoil is a TSXV-listed oil and gas company with a diversified portfolio of assets in East Africa. Its focus is on prospective basins, adjacent to the acreage of, or endorsed by, major exploration players. Vanoil's onshore Kenya acreage, containing in excess of 900 million barrels of oil equivalent ("boe") of prospective recoverable mean unrisked resources, lies in the same Anza basin as Block 10a where Africa Oil Plc recently announced a light hydrocarbon discovery in the Lower Cretaceous interval. Vanoil also has the exclusive right to negotiate a production sharing contract with the Republic of Rwanda covering 1,631 square kilometres of oil and gas concessions in the northwestern part of the Republic of Rwanda, better known as "East Kivu Graben".


•Further, on March 15, 2013, Vanoil confirmed that its wholly owned subsidiary, Vanoil Energy Holdings Ltd. had received irrevocable acceptances of its offer (the "Avana Offer") for the entire issued share capital of Avana Petroleum Limited ("Avana") in respect of at least 90 per cent. of the issued share capital of Avana. As such, the acceptance condition to the Avana Offer had been satisfied and the Avana Offer has become wholly unconditional. Avana's portfolio comprises:

◦a 25% participating interest in oil and gas exploration Areas A and B in the Seychelles (the "Seychelles Asset"), alongside partner East African Exploration Seychelles Limited (a wholly owned subsidiary of Afren plc ("Afren")); and


◦perfecting title to a 10% participating interest in Kenya offshore Block L9 (the "Kenyan Asset"), alongside partner Dominion Petroleum Kenya Limited (a wholly owned subsidiary of Ophir Energy plc ("Ophir")).



•The Acquisition is expected to deliver financial and operational synergies of a potentially transformational nature for both Fluormin and Vanoil. It will permit Fluormin's shareholders to exit their current shareholding, whilst also assisting with an orderly disposal of Fluormin's assets in conjunction with Vanoil's network and expertise. The Acquisition also introduces Vanoil to Fluormin's international investor base, whose support will be highly valuable to Vanoil and its enlarged group in the future.


•James Passin (the Chairman of Fluormin and Chairman of Vanoil) is not regarded as an Independent Fluormin Director, or an Independent Vanoil Director, due to the related party arrangements relating to the Acquisition described below.


•There are currently 55,865,722 Fluormin Shares in issue and Fluormin Options over a total of 3,537,999 Fluormin Shares.


•There are currently 66,588,455 Vanoil Shares in issue and 22,733,166 warrants in issue and options have been granted over a total of 7,100,000 Vanoil Shares. As a result of the Avana Offer being concluded, the enlarged issued share capital (assuming all conditions to the payment of further consideration under the Avana Offer are met) will comprise approximately 91,588,455 Vanoil Shares in issue with a further approximately 491,428 warrants yet to be granted.


•As noted above, James Passin is Chairman of Fluormin and is Chairman of Vanoil. In addition, Mr Passin is a principal of the manager of the Firebird Funds, and has control or direction over 22,916,876 Vanoil Shares and 35,606,451 Fluormin Shares held by the Firebird Funds, Mr Passin also personally holds 500,000 Vanoil Shares (representing an aggregate control, direction or holding over approximately 46.7 per cent. of the approximately 111,588,455 then issued share capital of Vanoil based on the current outstanding and the conclusion of the Acquisition, and approximately 40.3 per cent. of the 129,173,161 then issued share capital of Vanoil as a result of the Avana Offer being concluded (and assuming all conditions to the payment of further consideration under the Avana Offer are met)).


•It is intended that the Acquisition will be implemented by way of Fluormin proceeding with a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006. However, Vanoil (with the consent of the Company) could make an offer to Fluormin Shareholders by way of a Takeover Offer rather than pursuing the scheme of arrangement detailed in this Announcement.


•The Acquisition would be conditional on the conditions set out in the Implementation Agreement, which are included in Appendix I to this Announcement, including the passing of the Scheme Resolutions required to implement the Scheme by Scheme Shareholders at the Court Meeting and by Fluormin Shareholders at the General Meeting, and the sanction of the Court.


•The Acquisition remains subject to TSX-V approval.

http://web.tmxmoney.com/article.php?newsid=59037355&qm_symbo…
Eine Bohrung kann ja nicht ohne Vorbereitungen durchgefuehrt werden, man denke nur an die Infrastruktur, die AOI in Ngamia errichet hat.

Wann muestte VEL spaetestens loslegen, um "theoretisch" die Chance zu bewahren, bis 31. Juli mit der Bohrung zu beginnen ?
Antwort auf Beitrag Nr.: 44.258.956 von motz1 am 15.03.13 18:36:49Da wird ja ganz ordentlich was geboten heute.

1. Der Deal mit Avana ist über die Bühne. http://web.tmxmoney.com/article.php?newsid=58794121&qm_symbo…

2. VEL verkündet, "Fluormin PLC" (http://www.fluormin.com/index.html) kaufen zu wollen. http://web.tmxmoney.com/article.php?newsid=58793812&qm_symbo…

Commenting on the intention to make the Acquisition, Aaron D'Este, Chief Executive Officer of Vanoil, said:

"Vanoil's strategic objective is to build a highly prospective portfolio of assets across East Africa and to fund the exploration and development of its properties without delay. Our previously announced offer for the entire issued share capital of Avana Petroleum Limited has the potential to double Vanoil's recoverable mean unrisked prospective resources while providing both geological and geopolitical diversification to further de-risk our portfolio. Further to this, the acquisition of Fluormin provides an invaluable source of capital, acquired at a premium to our current share price, to fund our near term operational programme, which includes the drilling of two onshore wells in the Anza basin adjacent to recent successes in Block 10a. Completing both acquisitions in rapid succession paves the way for realising Vanoil's ambitious growth plans."
...
"•Under the terms of the Acquisition, Fluormin is valued at US$27 million. In consideration for the purchase of the entire issued and to be issued share capital of Fluormin, Vanoil will issue an aggregate of: ◦45,000,000 Vanoil Shares, based upon a price of US$0.60 per Vanoil Share;
◦31,973,667 CAN$1.00 Warrants, entitling the holder to subscribe for one Vanoil Share at any time during the two year period immediately following the Acquisition; and
◦6,500,000 CAN$0.75 Warrants, entitling the holder to subscribe for one Vanoil Share at any time prior to 13 March 2014."



Ich verstehe das wie folgt: VEL kauft Fluormin, dessen Bewertung wurde auf 27Mio USD festgelegt. Diese Summe wird mit 45 Mio neuen VEL Shares beglichen, das entspricht USD 0,60/Share - im Vergleich zum derzeitigen Marktpreis eine gute Sache.

Die Bewertung für Fluormin kann ich auf die Schnelle nicht nachvollziehen, die Marketcap liegt bei rund 17Mio USD. Das ganze wird wohl auf den errechneten Veräusserungserlösen aus dem geplanten Asset-Verkauf von Fluormin beruhen:

"•The Acquisition is expected to deliver financial and operational synergies of a potentially transformational nature for both Fluormin and Vanoil. It will permit Fluormin's shareholders to exit their current shareholding, whilst also assisting with an orderly disposal of Fluormin's assets in conjunction with Vanoil's network and expertise. The Acquisition also introduces Vanoil to Fluormin's international investor base, whose support will be highly valuable to Vanoil and its enlarged group in the future."



So, der Hammer kommt aber jetzt erst: Es gibt einen neuen starken Mann - James Passin, bisheriger Chairman von VEL UND Fluormin. Sowohl an VEL (bisher rund 23,5Mio Shares) als auch in Fluormin (etwa 35,5 Mio Shares) ist er wesentlich beteiligt. Wenn der Deal in dieser Form über die Bühne geht wird er zu 40,3% (bezogen auf die ausgegebenen Aktien) an VEL beteiligt sein...

"•As noted above, James Passin is Chairman of Fluormin and is Chairman of Vanoil. In addition, Mr Passin is a principal of the manager of the Firebird Funds, and has control or direction over 22,916,876 Vanoil Shares and 35,606,693 Fluormin Shares held by the Firebird Funds. Mr Passin also personally holds 500,000 Vanoil Shares (representing an aggregate control, direction or holding over approximately 50 per cent. of the approximately 104,173,161 then issued share capital of Vanoil on the conclusion of the Acquisition and approximately 40.3 per cent. of the approximately 129,173,161 then issued share capital of Vanoil in the event that the Avana Acquisition is also concluded (and assuming all conditions to the payment of further consideration under the Avana Acquisition are met)."



Und als kleines Bonbon gab es für VEL bereits 5Mio USD in Cash als Darlehen vorab - schon eingetroffen :). http://web.tmxmoney.com/article.php?newsid=58794243&qm_symbo…
Antwort auf Beitrag Nr.: 44.258.870 von motz1 am 15.03.13 18:20:29Eben erst bemerkt, wir sind ja im Trading Halt :eek:
http://web.tmxmoney.com/article.php?newsid=58785142&qm_symbo…




Pending news... fingers crossed :cool:
Hier gibt es neues Futter, VEL hat eine Technical Presentation veröffentlicht: http://www.vanoil.ca/i/pdf/Vanoil-PP-Technical-Presentation.…
Btw, wo VEL "Technical" drauf schreibt, ist auch Technik drin...

Die Seismic zu Lead #1 sieht z.B. so aus und zeigt -wenn ich es richtig verstehe- ziemliches Potential im Upper Cretaceous und im Upper Jurassic:
Antwort auf Beitrag Nr.: 44.097.268 von motz1 am 03.02.13 11:21:13Hi motz1, bmann025,...

Noch bin ich kein VEL holder, plane das jedoch zeitnah (möglichst vor den PaiPai results, denn da bin ich optimistich bezüglich einer möglichen wet gas / light oil discovery) zu ändern.... ;)

http://www.theeastafrican.co.ke/business/Canadian-firm-Vanoi…

Canadian firm Vanoil’s contract for oil exploration extended
By Kennedy Senelwa
Posted Saturday, February 16 2013 at 16:16


Canadian explorer Vanoil Energy has received a deadline extension to finish drilling a well for crude oil in northeastern Kenya.

The firm was previously obligated to finish drilling its first well by April 30 this year. Under the terms of the extension, Vanoil must only commence drilling its first well before July 31.

The company may place its first two wells anywhere within the boundaries of Block 3A and 3B to satisfy the obligations within the initial exploration period.

In October, the Vancouver-based company signed a production sharing contract (PSC) with the Kenyan government.

“The time extension allows us to drill our first two wells in rapid succession. The ability to place both wells anywhere within the boundaries of 3A and 3B also gives Vanoil flexibility to target its most exciting prospects,” said Vanoil chief executive officer Aaron D’Este.

It is estimated that the area contains more than 900 million barrels of oil equivalent (BOE), as it is positioned between Tullow’s recent oil discovery onshore and Apache’s offshore gas well.

“We view 2013 as a transformational year for the company. We now have the time and operational flexibility to extract maximum value from our assets,” said Mr D’Este.

Meanwhile, Far Ltd of Australia is preparing to drill an offshore well in Block L6 in Lamu at the Kenyan Coast.

“Planning activities for drilling in 2013 have commenced. A tender for drilling project management services has been issued and environmental impact assessment is well advanced,” said Far’s managing director Cath Norman.

Far, Pancontinental Oil and Gas NL own 60 per cent equity and 40 per cent shares respectively in L6.

Ms Norman said the success in the wells will be significant for Far’s exploration areas L6 and L9 blocks.

Far is seeking a partner for drilling the wells. The company started the first quarter of 2013 with cash position of $17.4 million, and long term cash deposits of $5.8 million.
Antwort auf Beitrag Nr.: 44.090.347 von bmann025 am 01.02.13 01:08:55Hi bmann025,

zu deinen Fragen hält sich VEL auch sehr bedeckt.

- Rig: Auszug NR vom 12.11.2012 - ich gehe davon aus dass das noch gilt.
"Vanoil has furthermore signed a contract with Sinopec to secure the last available onshore drilling rig in Kenya. The rig is stacked in Nairobi and ready for mobilisation. Vanoil's contract includes two firm wells and an option for two more.

With its seismic surveys completed and a drilling rig in place, Vanoil is on track to spud its first well in Q1 2013."
http://www.vanoil.ca/s/NewsReleases.asp?ReportID=557135&_Typ…

- Geld/Partner: Mit der derzeit ausgewiesenen Cash-Posi können sie keine Bohrung durchführen, schon gar nicht zwei. Damit sind wir, m.E. untrennlich verbunden, beim Thema Partner. Wenn sie kein weiteres Geld durch ein Placement einnehmen wollen, dann müssten sie ein free carried drilling anstreben. Dementsprechend müssten sie wohl auch einen größeren Teil am Block abgeben.

Auffällig ist aber, dass gerade die kleinen sehr zurückhaltend sind mit den Farmouts. Und hier vermute ich, dass es sehr wohl stark mit den PaiPai-Ergebnissen zusammenhängt. Ein positives Ergebnis dort würde die Liegenschaften enorm aufwerten und so ein ganz anders Farmout-Ergebnis ermöglichen oder eben einen andere Bewertung beim Placement ermöglichen.

Alles imho, time will tell...
Verstehe allerdings nicht, wie Vanoil den Termin einhalten will, mit welchem Rig, welchem Geld und welchem Partner soll gebohrt werden ?
Auch die Ruanda-PSC-Verhandlungen wurden verlängert...

@bmann025: Sehe ich auch so, Cretaceous Rift.
....................

News Release
January 29, 2013

Vanoil Extends Technical Evaluation Agreement With Ministry of Natural Resources of Rwanda

January 29, 2013 - Vancouver, British Columbia -Vanoil Energy Ltd. ("Vanoil" or the "Company") is pleased to announce it has executed a two month extension to its Technical Evaluation Agreement with the Rwandan Ministry of Natural Resources. The agreement provides Vanoil with the exclusive right to negotiate a Production Sharing Contract ("PSC") covering approximately 1,631 square kilometres of the East Kivu Graben, located beneath Lake Kivu, Rwanda.
[...]

http://www.vanoil.ca/s/NewsReleases.asp?ReportID=568381&_Typ…
Auf Seite 9 der Vanoil Praesentation wird deutlich, warum Africa Oils Bohrung in PaiPai in Block 10a (nahe der Grenze zu Block 9) auch fuer Vanoil bedeutend ist. Ein Erfolg untermauert die These einer durchgaengigen Formation von den sudanesischen Oelfeldern bis Kenia.

http://www.vanoil.ca/i/pdf/Corporate-Presentation-Oct2012.pd…
Es kam, was zu vermuten war: Verlängerung des Work Programs. Vanoil muss nun vor 31.07. mit der ersten Bohrung beginnen und kann bei beiden Bohrungen innerhalb beider Blöcke frei wählen wo diese stattfinden sollen.

Ein paar Monate hin oder her sollten kein Problem sein, M.E. braucht man ohnehin noch einen JV-Partner und ein PP. Und die Konditionen für ein Farmout sollten eher besser werden...

Alles imho, viel Erfolg ;)


Disclaimer: Ich halte keine Vanoils.

------------------------

News Releases

January 25, 2013
Vanoil Receives Work Program Extension

January 25, 2013 - Vancouver, British Columbia -Vanoil Energy Ltd. ("Vanoil" or the "Company") is pleased to announce that the Kenyan Ministry of Energy has extended the deadlines within which Vanoil must satisfy the work program obligations defined in its Production Sharing Contract ("PSC").

Previously, Vanoil was obligated to finish drilling its first well by April 30, 2013. Now, under the terms of the latest extension, Vanoil must only commence drilling its first well before July 31, 2013 and, with sufficient technical justification, Vanoil may place its first two wells anywhere within the boundaries of Block 3A and 3B to satisfy the work program obligations within the Initial Exploration Period of its PSC.

Aaron D'Este, the Company's President and CEO stated; "We were very pleased to secure this key extension. Vanoil is the first company to complete 3D seismic onshore in Kenya and our exploration program is among the most robust ever completed in country. The time extension granted to Vanoil allows us to fully realise value from our 3D data and to drill our first two wells in rapid succession. The ability to place both wells anywhere within the boundaries of 3A and 3B also gives Vanoil the flexibility to target its most exciting prospects. We view 2013 as a transformational year for the Company and we now have the time and operational flexibility to extract maximum value from our assets."

http://www.vanoil.ca/s/NewsReleases.asp?ReportID=567653&_Typ…
Dann sollten sie ja jetzt genug $ in der Kasse haben um bis zum 30. April die Bohrungen durchgeführt zu haben ;-)
http://secure.campaigner.com/Campaigner/Public/t.show?Ysad--…

VANOIL CLOSES PRIVATE PLACEMENT
-------------------------------------------------------------------------------------------------------------------------------------------------------

December 31, 2012 - Vancouver, British Columbia - Vanoil Energy Ltd. ("Vanoil" or the "Company") has closed its non-brokered private placement (the “NB Offering”), announced on December 11 2012, issuing 7,450,549 units (the “NB Units”) of the Company at a price of $0.60 per NB Unit for total gross proceeds of $4,470,329. Each NB Unit consists of one common share of the Company (a “Share”) and one whole non-transferable share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to purchase one Share at a price of $1.00 for a period of 24 months following closing. The Warrant will be subject to accelerated expiry if, at any time after the date that is four months and one day of the closing, the Company’s Shares trade on the TSX Venture Exchange (the “Exchange”) at a price of $1.50 or more for the preceding 20 consecutive trading days.

No finder fees were paid in connection with the private placement. The securities issued pursuant to the NB Offering will be subject to a four month hold period expiring May 1, 2013.

About Vanoil Energy Ltd.
Based in Vancouver, Canada, Vanoil is an internationally diversified resource company that has a portfolio of oil and gas assets in the African countries of Kenya and Rwanda. In Kenya, Blocks 3A and 3B were acquired in October 2007 through the signing of a Production Sharing Contract with the Government of the Republic of Kenya. Blocks 3A and 3B, which cover 24,912 square kilometers, potentially contain prospective resources in excess of 900 million boe, positioned between Tullow’s recent oil discovery and Apache’s offshore gas well. Vanoil's 1,631 square kilometers of oil and gas exclusive licence in the East Kivu Graben in Rwanda is at the southern extension of the Albertine Graben where Heritage and Tullow Oil made their historic discovery in neighbouring Uganda.

On behalf of the Board of

VANOIL ENERGY LTD.
“Aaron D’Este”
Aaron D’Este, President and CEO
Schön, dass sich andere auch für Vanoil Energy interessieren. Dann brauch ich die Vanoil Energy News nimmer im Vanoil Resources Thread zu posten.

Wäre wirklich schön, wenn hier mal langsam Bewegung rein kommen würde. Bin schon länger dabei. Noch aus Zeiten, bevor Vanoil Energy sich von Vanoil Resources abgesplittet hat. Energy scheint jedenfalls aktuell besser zu laufen als das Mutterschiff Resources. Schau mer mal....


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