Amsas Consulting(Amsas Energy Ltd.)

Press Release 14th January 2014

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Amsas Consulting has obtained an independent NI 51-101 Evaluation Report from Chapman Petroleum Engineers of Canada. The Prospective Resources report which indicates conservatively prospective oil resources of 21 million barrels and 130 billion standard cubic feet of sales gas (Bscf) in the ACA Block and a higher side of 50.4 Millon Barrels and 268.5BCF of gas. The ACA block has two discoveries one Oil and the other gas with a total distance of almost 70 Miles. Amsas believed the block has a low of 1Billion Barrels of Oil and Higher upside potential of 5Billion Barrels.

Amsas Consulting believes that the block is worth more than what was proposed by the independent valuers(Chapman Petroleum Engineers of Canada) but more exploration and re-entry of old wells needs to be done considering that the last time any serious exploration was done was in the late 1960’s and early 1980’s when oil prices were in around less than $10 a Barrel.

The 112 page report is available in its entirety online and conservative estimates that the with an overall Amsas Consulting net present value of $3.75 billion USD for the entire ACA Block. This is consistent with the findings by Sinclair Somal Oil in the 1960's and the Somalia Government in 1980's during their drilling of test wells. Amsas Consulting is in negotiations to raise funds for the Somalia ACA Block Project which is at early development stage in Some wells.

Farmout is available until 14th April and Data Room is available from Robertson-CGG upon signing of a CA.

Please access the FULL REPORT

Please do not hesitate to contact us at the contacts below.

Melbourne-Australia

Headquarters Contacts: 12 Sydney Road, Coburg, Victoria305, Australia

Australia. Tel:+613-84004482 Fax : +61-3-86720703

email: info@amsasconsulting.com

Africa: P.O.Box 2677-00100,Nairobi.Kenya.

Office Tel:+254208030291

Mobiles:+254704166658

+254738239410

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