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Vanoil Completes 100km2 3D Seismic and Gravity Survey; Shares Flat

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Vanoil Energy Ltd. (VEL.V) has completed a 100km2 3D seismic and gravity survey over its western leads in block 3A in Kenya. This is the first 3D seismic survey ever completed onshore in Kenya and it complements the 845km of 2D seismic acquired by Vanoil in previous years.

A suite of substantial drilling targets have been defined on block 3A within the surveyed area and Vanoil plans to select its first two well locations by the end of November.

VEL is unchanged at 62 cents. About 180,000 VEL shares have changed hands.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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