Avana, EAX to explore the Seychelles

Avana Petroleum and Dubai-based East African Exploration (EAX) have signed a production agreement with Seychelles Government to search for oil off the Seychelles coast.

Offshore staff

DUBAI -- Avana Petroleum and Dubai-based East African Exploration (EAX) have signed a production agreement with Seychelles Government to search for oil off the Seychelles coast.

The companies have selected 15,000 sq km (5,792 sq mi) in three tranches that it believes include a series of high potential drilling targets.

12/18/2008

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