About Us

Vanoil currently holds oil and gas interests in Alberta, Kenya, and Rwanda, summarized below:

Alberta

Vanoil owns a 42% working interest in the Sarcee 12-13-23-4W5M ("Sarcee 12-13") gas well and the surrounding four sections (2,560 acres) of land in the Sarcee (Turner Valley Area) in Southwestern Alberta. The Sarcee 12-13 well is located on the Tsuu T'ina First Nation (Sarcee Reserve) immediately west of the City of Calgary, Alberta. Evaluation of 3D seismic over these lands has identified the structural feature verified by the current Sarcee 12-13 discovery as well as two or three development locations on this structure. Based on the Chapman report dated August 2009 it has assigned approximately 10 billion standard cubic feet to Vanoil's 42% working interest.Production will be subject to basic aboriginal royalties and a 6.5% gross overriding royalty.

Kenya

Vanoil's Kenya property, approximately 24,960 square kilometres, was acquired in October, 2007 concurrent with the execution of two Production Sharing Contracts with the Government of Kenya. The properties are designated as Block 3A and 3B. The Blocks were selected by Vanoil based on technical merit and location which is partly on the regional trend of a highly prospective rift basin connected to the prolific Melut and Muglad basins in Southern Sudan. Vanoil has obtained 2,000 line kilometres of raw seismic data and to date has processed approximately 1,500 line kilometres resulting in the delineation of multiple structural leads in both Blocks 3A and 3B.

The Anza Graben region,running from Lake Turkana in the northwest to Block 3A in southeast Kenya, is part of the oil prolific Central African Rift System ("CARS"). Muglad and Melut basins are part of CARS. Block 3A is located at the termination zone of CARS in Kenya. Other international oil companies undertaking petroleum exploration in Anza Graben include Vancouver based Africa Oil (Block 10A) and the China National Offshore Oil Company ("CNOOC") (Block 9).

Africa Oil has undertaken aero gravity and magnetic surveys over Block 10A and is preparing to shoot approximately 750 line kilometres of seismic. CNOOC has acquired 800 line kilometres of seismic in Block 9 at a cost of approximately US$12 million. CNOOC has targeted the Boghal prospect as a priority with rig drilling that commenced on October 31, 2009. The well has a target depth of 5,500 meters with main objectives being the Cretaceous sandstone reservoirs and the Jurassic carbonate reefs. The Boghal prospect is approximately 100 kilometres from Block 3A and has an estimated drilling cost in excess of US$25 million.

Rwanda

Vanoil has the right to negotiate a production sharing agreement with the Republic of Rwanda covering 1,631 square kilometres of oil and gas concessions in the northwestern part of Rwanda, better known as "East Kivu Graben". This area of the Kivu Graben is part of the great East African Rift System and is approximately 90 kilometres wide and 200 kilometres long. The Graben straddles both Rwanda and the Democratic Republic of the Congo and is the Southern extension of the Albertine Graben in Uganda. Vanoil also has the right to conduct an environmental impact assessment on this property.  
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January 18, 2012
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