Vast Exploration Inc.
TSX VENTURE : VST

Vast Exploration Inc.

February 19, 2009 16:38 ET

Vast Exploration Inc.-Announces Commencement of Seismic Acquisition

CALGARY, ALBERTA--(Marketwire - Feb. 19, 2009) - Vast Exploration Inc. ("Vast" or the "Company") (TSX VENTURE:VST) is pleased to announce that Niko Resources as operator of the Qara Dagh Block in the Kurdistan region of Iraq has commenced the seismic acquisition program.

A Canadian seismic contractor has been mobilized to acquire a minimum of 350 km of 2D seismic using a combination of vibrator and dynamite sources. This program is scheduled to take approximately four to five months and could be extended to approximately a total of 390 km if more data is required.

The Qara Dagh Block is situated south east of the city of Sulaymaniya, and covers an area of approximately 846 square kilometres.

About Vast Exploration Inc.

Vast Exploration Inc. is an independent oil and gas company, and a partner of Niko Resources Ltd. Vast is focused on the exploration and development of its principal asset, the Qara Dagh Block, in the Kurdistan region of Iraq. The Qara Dagh Block lies on trend with existing discoveries and is located in the prolific Zagros Fold Belt of Northern Iraq which contains several large fields including the super-giant Kirkuk field.

Regulatory Statements

Statements in this release that are not historical facts are "forward-looking information" within the meaning of applicable securities law. Forward-looking information typically contain words such as "anticipate", "plan", "expect", "potential", or similar words suggesting future outcomes and include, without limitation, the timing, costs and results of planned exploration programs; relations with its partners; ability of the Company to meet its financial obligations; ability to economically exploit the Qara Dagh block; government regulation; price of oil; and ability to procurer necessary personnel and equipment, future performance of management and the board; the Company's operational plans; corporate strategy; and the availability of acquisition opportunities. There can be no assurance that such information will prove to be accurate; actual results and future events could differ materially from such information. Factors that could cause actual results to differ materially include, among others, commodity prices, third party risks, acquisition risks, risks inherent in the oil and gas industry, licensing risks, financing risks, regulatory risks and environmental concerns. Investors are cautioned not to place undue reliance on forward-looking information.

NEITHER THE 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

Contact Information

  • Vast Exploration Inc.
    Ahmed S. Said
    President & Chief Executive Officer
    (403) 263-3000
    (403) 263-3041 (FAX)
    Email: asaid@vastexploration.com