West Africa Energy Inc.
TSX VENTURE : WAE

West Africa Energy Inc.

January 03, 2007 19:30 ET

West Africa Energy Inc.-Option Grant

LONDON, ENGLAND--(CCNMatthews - Jan. 3, 2007) - The Board of West Africa Energy Inc. (TSX VENTURE:WAE) ("WAE") wishes to announce that it has granted to Alec Robinson, its President and Chief Executive Officer, an option to purchase up to 400,000 common shares in the capital of the WAE at an exercise price per share of $0.375 in accordance with WAE's stock option plan. The option is exercisable for a period of five years from the date of grant.

About West Africa Energy

West Africa Energy Inc. is an oil and gas exploration company that maintains its focus on acquiring and exploring prospective properties in Western Africa. WAE's business model is to explore for and further develop oil and gas properties in the West African region on its own accord or by way of joint venture. The selection process imposed by management involves securing opportunities where the introduction of sophisticated exploration analysis and techniques can achieve results for shareholders. In order to achieve these results WAE will continue to focus its efforts in regions that have historically been under-explored.

ON BEHALF OF WEST AFRICA ENERGY INC.

James Henderson, Chairman

Forward-Looking Statements:

Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in West Africa Energy's periodic filings with Canadian Securities Regulators. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. West Africa Energy Inc. does not assume the obligation to update any forward-looking statement.

The TSX Venture Exchange does not accept responsibility for the adequacy or the accuracy of this release.

Contact Information

  • West Africa Energy Inc.
    Darren Devine
    Company Secretary
    (604) 638-8067
    Website: www.waecorp.com