Vanoil Energy Ltd.
TSX VENTURE : VEL

Vanoil Energy Ltd.

November 01, 2011 13:33 ET

Vanoil Granted Environmental Impact Licence for 2D High Resolution Seismic Survey to Be Conducted at Lake Kivu

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 1, 2011) - Vanoil Energy Ltd. ("Vanoil") (TSX VENTURE:VEL) is pleased to announce that it has been granted an Environmental Impact License from the Rwanda Development Board relating to the 2D Seismic data survey to be conducted at Lake Kivu Rwanda.

On September 7, 2011, Vanoil's experts made a presentation to the Rwandan Development Board on the project background and context, the overview of the project and expected environmental impacts resulting to the project implementation, and further to this, the Resource Authority of Rwanda and the Rwanda Development Board have indicated that they have no objection to its implementation.

Vanoil's 1,631 square kilometres of oil and gas exclusive license in the East Kivu Graben is on the same rift trend with the Albertine Graben, where, at Lake Albert, Tullow Oil and Heritage Oil have stated that they have found approximately 1.5 billion recoverable barrels of oil; a significant discovery that many believe may represent only a small portion of the enormous potential of the area.

About Vanoil Energy Ltd.

Based in Vancouver, Canada, Vanoil Energy Ltd. is an internationally diversified oil and gas exploration company that has a comprehensive portfolio of oil and gas assets in the African countries of Kenya and Rwanda, and in the Province of Alberta, Canada. 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 kilometres, are part of the vastly under-explored Cretaceous Central African Rift Basin System, an area that may possibly hold the next major sub-Saharan discovery. Vanoil's 1,631 square kilometres of oil and gas exclusive license in the East Kivu Graben in Rwanda is on the same rift trend with the Albertine Graben where Heritage and Tullow Oil made their historic discovery in neighbouring Uganda.

On Behalf of the Board of VANOIL ENERGY LTD.

Dal Brynelsen, President and CEO

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