May 21, 2014 08:00 ET
BELIZE CITY, BELIZE--(Marketwired - May 21, 2014) - The directors and management of Kilimanjaro Capital (GXG:KCAP)(OTC PINK:KIMJF) are pleased to announce the signing of a Memorandum between the Company and Durdur Energy and Security Global Ltd. The purpose of the Preliminary Agreement is to establish an initial relationship between Kilimanjaro and Durdur in order to engage the Federal Government of Somalia to implement logistic solutions for hydrocarbon exploration program in Somalia where Kilimanjaro Capital currently has a 5% earn in interest in the Amsas-Coriole-Afgoi (ACA) Block of 1,161,400 acres with a prospective oil resource of 21 million barrels and 130 billion standard cubic feet of sales gas (Bscf) according to an independent NI 51-101 Evaluation of Prospective Resources report available on the Company website.
Durdur Energy and Security Global Ltd. is a leading facilitator to international companies who are interested in pursuing business opportunities in Somalia, Somaliland or other East African countries particularly in the area of oil and gas exploration.
Kilimanjaro continues to make inroads in Somalia where its focus is centered on both the ACA block and other ventures including development of uranium. President and CEO Zulfikar Rashid states, "It is time for the government to have partners that can be trusted to implement natural resource development programs from the ground up. The people of Somalia deserve an opportunity to have their land finally give back to them the basic necessities they were robbed."
Kilimanjaro Capital is a Belize company conducting business in Africa in conjunction with its stakeholders and affiliates. The Company is listed on the US OTC Markets exchange under the ticker symbol KIMJF.
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