Kilimanjaro Capital Ltd. Acquires Oil Rights to Cabinda Northeast Block

Kilimanjaro Capital Ltd. Acquires Oil Rights to Cabinda Northeast Block 
CALGARY, ALBERTA -- (Marketwire) -- 02/05/13 -- Kilimanjaro Capital
Ltd., a private Canadian company, focusing on emerging nations in
West Africa, has signed an Oil Assignment Agreement with the Republic
of Cabinda and the Front for the Liberation of the State of Cabinda
(FLEC). The license becomes fully active upon international
recognition of the Republic of Cabinda.  
The Assignment Agreement grants future rights to Cabinda's disputed
Northeast Block. Angola's state owned Sonangol currently claims the
concession however control of the countryside in the region has been
contested between FLEC and the Angolan army for almost four decades.
The Cabinda Northeast Block's hydrocarbon potential is currently
unknown due to the proximity of FLEC's forward bases, dense
vegetation and hilly terrain.  
Cabinda is a former Portuguese Protectorate. In 1975, Cabinda
attained independence but the oil rich territory was invaded by
Angola and a 38 year struggle has ensued. Cabinda's current
government of President Aphonse Massanga and Premier Dr. Joel Batila
has focused on civil and political remedies. Dr. Batila will join the
Kilimanjaro Capital Advisory Board. In 2012, the African Union's
Banjul Commission at the request of FLEC took jurisdiction over
disputed claims to Cabinda's dormant onshore resources including the
Northeast Block.  
Kilimanjaro Capital recently signed agreements for exclusive oil and
minerals rights with the exile governments of Southern Cameroons and
Biafra. Forest Gate Energy (TSX VENTURE:FGE) also has a 20% stake in
Southern Cameroons.  
CEO Zulfikar Rashid has indicated the Northeast Block acquisition
completes Phase One of Kilimanjaro's portfolio which also includes
the disputed Cabinda offshore blocks currently operated by Chevron.
Kilimanjaro will now concentrate on development of its assets through
strategic partnerships, assignments and joint ventures in order to
maximize shareholder value.  
Kilimanjaro Capitals' fast growth and emphasis on disputed properties
has placed it in contention with majors like Chevron, Exxon-Mobil,
and Royal Dutch Shell over the future rights to some of the most
productive oil properties in the world.
Kilimanjaro Capital Ltd.
Zul Rashid, CEO
7015 Macleod Trail, South Suite 400
Calgary, Alberta, Canada, T2H 2K6
+1- 403-775-9908
Press spacebar to pause and continue. Press esc to stop.