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VEL

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Share Name Share Symbol Market Type
TSXV:VEL TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Vanoil TEA Expires With Rwandan MNR

17/06/2013 10:14pm

Marketwired Canada


Vanoil Energy Ltd. (TSX VENTURE:VEL), reports that the current Technical
Evaluation Agreement ("TEA") with the Rwandan Ministry of Natural Resources has
expired effective June 13, 2013. The Company has referred this matter to the
Conciliation Committee pursuant to Article 10 of the TEA agreement "settlement
of disputes".


About Vanoil Energy Ltd.

Vanoil is an oil and gas company with a portfolio of assets in East Africa and
the African state of the Seychelles Islands in the Indian Ocean. 


In Kenya, Vanoil holds a 100% interest in onshore Blocks 3A and 3B, acquired in
October 2007 through the signing of a Production Sharing Contract (PSC) with the
Government of the Republic of Kenya. These blocks cover 24,912 km2 between
Tullow Oil's recent oil discoveries and Apache Corp.'s offshore gas well. 


In the Seychelles, Vanoil has a 25% participating interest alongside partner
Afren plc in offshore Exploration Areas A and B, covering some 14,319 km2.




On behalf of the Board of                                                   
                                                                            
VANOIL ENERGY LTD.                                                          
                                                                            
James Passin                                                                
Chairman                                                                    



To find out more about Vanoil, please visit our website at www.vanoil.ca.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


Disclaimer for Forward Looking Information

This news release includes forward-looking statements that are subject to
assumptions, risks and uncertainties. Statements in this news release which are
not purely historical are forward-looking statements, including without
limitation any statements concerning the Company's intentions, plans, estimates,
beliefs or expectations regarding the future. Although the Company believes that
any such intentions, plans, estimates, beliefs and expectations in this news
release are reasonable, there can be no assurance that any such intentions,
plans, beliefs and expectations will prove to be accurate.


The Company cautions readers that all forward-looking statements, including
without limitation those relating to the Company's future operations and
business prospects, are based on assumptions that cannot be assured and are
subject to certain risks and uncertainties that could cause actual events or
results to differ materially from those indicated in the forward-looking
statements. Readers are advised to rely on their own evaluation of such risks
and uncertainties and should not place undue reliance on forward-looking
statements.


Any forward-looking statements are made as of the date of this news release, and
the Company assumes no obligation to update the forward-looking statements, or
to update the reasons why actual events or results could or do differ from those
projected in the forward-looking statements. The Company assumes no obligations
to update any forward-looking statements, whether as a result of new
information, future events or otherwise.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Vanoil Energy Ltd.
Don Padgett
+1 604 689-1515 x104


Vanoil Energy Ltd.
Malcolm Burke
+1 604 689-1515 x108


Vanoil Energy Ltd.
Scott Rose
+1 604 684-1974 x 227
www.vanoil.ca


Media and investor enquiries:
FTI Consulting
Natalia Erikssen or Sara Powell
+44 20 7269 9348

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