First Sahara Energy Inc.: Corporate Update

(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 11/26/13 -- First Sahara Energy Inc. (CNSX: FSE) reports that over the past few months, the Company's management and technical consultants have been involved in ongoing discussions with officials in ONHYM, Morocco's Ministry of Energy & Mines. These interactions have included three visits to Morocco and extended meetings with ONHYM's technical team, culminating in an in-depth evaluation of 14 available blocks of oil and gas properties.

As a result of this work, First Sahara has narrowed down its evaluation and has commenced formal negotiations with ONHYM for a Reconnaissance License work program on a large block of onshore property. The discovery of commercial hydrocarbons would be a tremendous boost for Morocco's energy sector as the country strives to become self-sufficient. The parties expect these negotiations to reach a conclusion shortly.

FORWARD-LOOKING STATEMENTS

Certain statements contained herein constitute forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe", and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The Corporation believes the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this report should not be unduly relied upon. The Corporation does not undertake any obligation to publicly update or revise any forward-looking statements except as required by law.



Contacts:
First Sahara Energy Inc.
David Stadnyk
President and CEO
(604) 428-0511

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Bereitgestellt von Benutzer: Marketwired
Datum: 26.11.2013 - 09:00 Uhr
Sprache: Deutsch
News-ID 320271
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VANCOUVER, BRITISH COLUMBIA

Kategorie:

Oil & Gas

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