{{Vanoil Energy Company has announced 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.
Since 2010, the Company was involved in activities of oil search in Lake Kivu.
Vanoil Energy is a Canadian oil and gas company with properties in Kenya and Rwanda.
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