2009-08-19-2007-02-01-2007-02-01

Acreage

Arawak Energy Corp., Anguilla, British West Indies, (Toronto: ABG) has acquired the Kymbozhyuskaya Block in the Komi Republic of Russia for approximately US$1 million. The 177-square-kilometer block is close to Arawak's existing producing fields. Along with the company's recent purchase of the East Zharkamys III Block in Kazakhstan, it adds 2,022 square kilometers to its portfolio. The block is close to the Transneft oil pipeline. Arawak chief executive Alastair McBain says, "These additional blocks further increase the upside potential offered by the company's Alimbai Block and extended Akzhar contract area, both in Kazakhstan, and also the recent exploration success in the newly acquired North Irael Field in Russia."