Rwanda

May 30, 2007
The Ministry of State granted Vangold Resources Ltd., Vancouver, BC, the nonexclusive right to undertake an 18-month technical review of oil and gas potential on 7,208 sq km in northwestern Rwanda.

By OGJ editors

HOUSTON, May 30 -- The Ministry of State granted Vangold Resources Ltd., Vancouver, BC, the nonexclusive right to undertake an 18-month technical review of oil and gas potential on 7,208 sq km in northwestern Rwanda.

The company's interest what it calls the White Elephant concession covering 11% of the country stems from the possibility that the geology that supports major oil discoveries near Lake Albert 230 miles to the north in Uganda might extend into Rwanda.