Kenya: EAX farms into Lion’s Block 1

East African Exploration (EAX) has farmed into Lion Petroleum’s 33,000km2 Block 1, taking over the operatorshipwith the right to earn up to 80% equity. The deal still requires formal approval from the Ministry of Energy but will involve an extensive and accelerated exploration work programme, including extensive gravity and magnetic surveying and up to1,200km of 2D land seismic in two phases. The block, considered largely under-explored, lies in north-east Kenya, over the western part of the Mesozoic Madera-Lugh basin, representing the western part of the extensive Ogaden Basin of Ethiopia and Somalia.