Surestream Burundi received the Presidential Decree for Block B Permit
The President of the Republic of Burundi, H.E. Pierre Nkurunziza, today signed a Presidential Decree (n°100/187) which endorses the grant of the exploration rights to Surestream Petroleum (Burundi) Limited on the Block B acreage. Surestream has signed the permit agreement in October of this year with the Ministry of Energy. The permit is valid for 3 years and is renewable twice for the same period
Surestream Petroleum is an independent, UK-based, oil exploration company that was founded in September 2004 with the aim to build a balanced and diversified portfolio of African hydrocarbon assets. Surestream is a financially sound, private company that is currently held by a number of private and institutional investors. Our strategy is to acquire significant equity stakes in prospective developing areas in Africa where there are proven petroleum systems.