Vanco Energy

March 23, 2005 15:56 ET

Vanco Announces Deepwater 3-D Seismic Acquisition Offshore Morocco


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: VANCO ENERGY

MARCH 23, 2005 - 15:56 ET

Vanco Announces Deepwater 3-D Seismic Acquisition
Offshore Morocco

HOUSTON--(CCNMatthews - Mar 23, 2005) -

Vanco Morocco Ltd. announces the commencement of a 700 square kilometer
3-D seismic acquisition program offshore Morocco over the deepwater Safi
Haute Mer Permit. This permit is held under a Petroleum Agreement signed
with the Government of Morocco on 24 October 2000 and has an area of
over 5 million acres.

The purpose of the seismic program is to confirm the up-dip
salt-delimited closure of a huge Jurassic prospect named Paprika. A
discovery at this location would be ideal since it could first satisfy
the Moroccan market and then be accessible to Europe via a pipeline
across Gibraltar to Spain.

Vanco has contracted the PGS Viking vessel to acquire the seismic and
expects the survey to be completed within 30 days.

Vanco Energy Company is a Houston-based independent oil and gas company
engaged in international exploration and operations. Vanco is a leading
deepwater explorer in offshore Africa with 20 million acres under
license in Morocco, Cote d'Ivoire, Ghana, Equatorial Guinea, Gabon, and
Madagascar.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Vanco Energy Company, Houston
    Tor Van Dyke, 713-877-8544
    www.vancoenergy.com