Petrol One Corp. (CNQ: POV) is a Canadian company engaged in acquiring, exploring and developing hydrocarbons. Petrol One’s current focus areas are Africa, Asia and the Middle East. The Company’s goal is to create sustainable shareholder value and become a highly profitable member of the global oil and gas industry.

Petrol One’s head office is in Riyadh, Saudi Arabia; regional offices are located in London, Vancouver and Libreville, Gabon, where the Company’s has acquired a 72% interest after payout in a highly prospective 2,200 square kilometre exploration block: NKANI G4-222

This block is an onshore block which is crossed over by the Gabon Estuary that may be considered as a shallow marine area as far as surface exploration conditions are concerned. The block has been previously explored by Elf Gabon and former companies (from 1944 to the early eighties) and more recently by Conoco for the most eastern part of the block. A large number of seismic surveys have been shot, including within the Gabon estuary. Six deep wells have been drilled including the Bikele-1 well, a deep test down to 4306m.

NKANI G4-222 highlights: (see the technical report for further details)

• Oil shows are reported in Bombie-1 and Coniquet-1 well
• A potential gas field (9 m thick proven gas layer) is identified in Ozoumbele-1 well
• A potential petroleum system is therefore proven in the Gamba/Como and Coniquet formations with good reservoirs and associated seals.

  The Company is also evaluating highly prospective properties in Yemen, Mauritania, Malaysia and Indonesia.