Surestream’s commitment to the exploration and investment in Democratic Republic of the Congo is recognised

Surestream is pleased to confirm that ENI, the premier Italian energy corporation, acquired 55% of the Ndunda block in the Democratic Republic of the Congo from Surestream RDC Sarl. In July, Surestream was granted official permission to farm out 55% of its interest in this Lower Congo block for further investment and exploration. The deal will allow ENI and Surestream to perform detailed studies and interpretation to continue to thoroughly evaluate the potential of the block.

Chris Pitman, CEO of Surestream: “We are extremely pleased that a major oil company like ENI has chosen to partner with Surestream to enter the Democratic Republic of the Congo. This positive step from ENI validates the strategy of our company who chose to invest in the DRC five years ago. This move also supports the recent interest in the DRC’s oil potential for the future.”

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.