Mozambique Channel Discovery Ltd

June 06, 2012 01:00 ET

Mozambique Channel Discovery Ltd: Notice Concerning Comoros Oil and Gas Exploration and Technical Assistance Agreement

LUXEMBOURG, LUXEMBOURG--(Marketwire - June 6, 2012) - On the 6th November 2011 the Government of the Union of the Comoros ("Comoros") and Boulle Mining Group Ltd ("BMG") entered into an Oil and Gas Exploration and Technical Assistance Agreement (the "Agreement") the terms of which apply throughout the territorial waters of Comoros and confer rights to BMG to explore for hydrocarbons throughout the territorial waters and to acquire up to six blocks located anywhere within the territorial waters for a period of ten years from the date of signature of the Agreement and prior to any blocks being offered to any third party.

On the 21st March 2012, BMG assigned all of its rights and obligations under the Agreement to a subsidiary company, Mozambique Channel Discovery Ltd.

Contact Information

  • Mrs. Audrey Richardson
    +352 222 512
    +352 222 413 (FAX)

    Faegre Baker Daniels
    Ms. Melanie Wadsworth
    +44 (0) 20 7450 4500
    +44 (0) 20 7450 4545 (FAX)

    Malouf & Nockels LLP
    Mr. Stephen F. Malouf
    +1 214 969 7373
    +1 214 969 7648 (FAX)