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Vanoil Extends Agreement with Rwanda

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Vanoil Energy announced Tuesday it has executed a two month extension to its Technical Evaluation Agreement with the Rwandan Ministry of Natural Resources.

The agreement provides Vanoil with the exclusive right to negotiate a Production Sharing Contract (PSC) covering approximately 629 square miles (1,631 square kilometers) of the East Kivu Graben, located beneath Lake Kivu, Rwanda.

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