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January 2016

Zhejiang Jiede Pipeline Industry Co., Ltd

Founded in 2009, Zhejiang Jiede Pipeline Industry Co., Ltd. is specialized in the R & D and manufacturing of stainless steel pipe fittings. Located in Longwan District, Wenzhou, with a registered capital of 10 million yuan and an area of 9,600 square meters, we have 128 employees, including two senior engineers, six engineers and seven assistant engineers.

VAALCO Energy To Explore Strategic Alternatives

VAALCO Energy, Inc. (NYSE: EGY) ("VAALCO" or "the Company") today announced that its Board of Directors has formed a strategic committee to explore a range of strategic alternatives to further enhance shareholder value. The strategic alternatives process will explore options for the future of the Company including, but not limited to securing additional investment to support existing projects and growth opportunities, joint ventures, asset sales or farm-outs, the potential sale or merger of the Company, or continuing to pursue the Company's existing operating plan.

PetroMaroc Partners With Sound Energy plc on Sidi Moktar

PetroMaroc Corporation plc (TSX VENTURE:PMA), an independent oil and gas company focused on Morocco (the "Company" or "PetroMaroc"), is pleased to announce that it has reached a non-binding heads of agreement (the "Heads of Agreement") with a specialist Mediterranean gas company. Sound Energy plc, listed on AIM (AIM:SOU) ("Sound Energy"), under which Sound Energy partners with PetroMaroc on onshore gas licences located in Morocco (collectively, the "Sidi Moktar Licences").

Oiltanking Mozambique

Oiltanking is one of the global leaders in oil storage services. In Mozambique, Oiltanking is acquiring a 59 million litre terminal in Matola, which is equipped with rail and truck loading facilities.

3D Seismic Programme Commenced, Namibia

Chariot Oil & Gas Limited (AIM: CHAR), the Atlantic margins focused oil and gas exploration company, today announces that in conjunction with its partners AziNam (20%), NAMCOR (10%) and Ignitus (5%), it has commenced a 3D seismic acquisition survey of approximately 2,600 square km in Blocks 2312 & 2412A (the "Central Blocks") offshore Namibia. The survey is being conducted by PGS Exploration (UK) Limited and will fulfil the work commitment for the Central Blocks.

Africa Oil Receives Kenyan Government Approval of Maersk Oil Farm In

Africa Oil Corp. ("Africa Oil" or the "Company") is pleased to report that the previously announced (November 9, 2015) farmout with Maersk Olie og Gas A/S ("Maersk") has received approval from the Government of Kenya. Accordingly, completion of the farmout of Blocks 10BB, 13T and 10BA may proceed.

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