STATEMENT ON SECOND OIL AND GAS LICENCING ROUND

Emhamed Khadad, Advisor to the President of the SADR, Coordinator with MINURSO and member of the Polisario National Secretariat made the following statement in Houston to inviteed attendees from the petroleum industry and media regarding the recently announced Second Western Sahara Oil and Gas Licencing Round.

SECOND OIL AND GAS LICENCING ROUND

On 5th February 2008, the SADR formally launched its Second Licensing Round, to enable international oil and gas companies to participate in the exploration of its territory during a ceremony held in Houston (Texas) that was attended by representatives from the energy sector and the media.

UPDATE ON SECOND OIL AND GAS LICENCING ROUND

The Saharawi Arab Democratic Republic (SADR) is pleased to announce the launch of the Second Petroleum Licensing Round, to be opened in Houston, Texas, USA on 5 February, 2008. On that date, the SADR will hold a presentation highlighting the various aspects of this Licensing Round. Attendance at the presentation will be by invitation only.

RATIFICATION OF MINERAL TCA

On 29 December 2007, the SADR President HE Mohamed Abdelaziz, ratified the exclusive mineral resource reconnaissance Technical Cooperation Agreement (TCA) signed between the Saharawi Arab Democratic Republic (SADR) and Excalibur Exploration in London in March this year.