Khartoum: Stark Oil and Gas Limited (”Stark”) are in the process of obtaining an oil block from the Ministry of Petroleum of The Republic of Sudan. Representatives of Stark has over the last seven years conducted the appropriate due diligence during several of their visits and at meetings with the Ministry - which were set up in order to view data and such.
“We are grateful to the Minister and his administration for the cooperation Stark has received” said Peter Brown, Chief Executive Officer (CEO) of Stark Oil and Gas Limited. He continued, “Stark are also very excited about the production prospects with such an abundance of oil resources. Our engineers are currently looking into options regarding the establishment of refining facilities.”
About Stark Oil and Gas
Stark Oil & Gas (“Stark”) is a junior Oil and Gas Exploration and Production (E&P) company. The Company is in various stages of developing and concluding several major E&P negotiations and deals in Africa, Malta, and PNG. Stark has oil and gas deals pending in the following African countries (in alphabetical order): Chad, Ghana, Ethiopia, Ivory Coast, Libya, Namibia, Nigeria, Niger Republic, Madagascar, Malawi, Sudan, and South Sudan. Stark has offices in London, Nigeria, Ghana, Sudan, and Malta. The Company has oil off-take agreements with China, Korea and other Asian countries. Stark Oil and Gas is currently privately held, but intends to list on a stock exchange in 2014.