Petroleum Africa
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Thursday, June 3, 2010
Sillenger Exploration Corp., through its relationship with FCMI Global Inc. and its African affiliates, has entered into a contract with the government of Equatorial Guinea. Under the agreement Sillenger will conduct an airborne geophysical survey over the continental region of Equatorial Guinea known as Rio Muni, as well as 30 km of Continental Platform off the Atlantic coastline.
According to the agreement with the government Sillenger (FCMI) will be granted exploration mining concessions, including oil and gas concessions, which are revealed by the survey. Equatorial Guinea’s Ministry of Mines, Industry and Energy has provided Sillenger with all existing resource data for review by the company’s director of Exploration, Dr. Allan Juhas, Ph D., as part of the “fast-track” process developed in partnership with the government.
All requisite permits, licenses and documentation are being prepared allowing the airborne geophysical survey to commence in July 2010.
Diosdado Engono Bengono, General Director of Mines and Quarries, Ministry of Mines, Industry and Energy for the Republic of Equatorial Guinea stated, “It was a great honor working with you in order to succeed this Agreement. Entering into this agreement will enable our great Nation to develop its natural resource industries and diversify the economy of our Country, the Republic of Equatorial Guinea. This will generate many wonderful business and employment opportunities, and build the foundations for sustainable economic growth and stability, which will provide lasting prosperity for the great people of the Republic of Equatorial Guinea. We are looking forward to a long and mutually rewarding partnership.”
“We consider this a significant opportunity for both Equatorial Guinea and Sillenger Exploration," stated John Gillespie, President and CEO of Sillenger Exploration, “and we are very honored to be in partnership with the Government to develop the country’s resources.”
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