Sagres Energy Inc., an international oil and gas company with an exploration portfolio in Colombia and Jamaica provide an update on its activities in Jamaica.

Rainville Energy Corporation, a wholly owned subsidiary of Sagres, has recently agreed with the Petroleum Corporation of Jamaica (the "PCJ") to enter into the second exploration phase on its licenses.

Rainville is a party to three Production Sharing Agreements (the "PSAs") with the PCJ granting the right to explore and develop Blocks 9, 13 and 14 covering approximately 8,864 square kilometers located offshore, shallow water, Jamaica (the "Blocks"). Rainville holds a 100% interest in each of the Blocks and is the designated operator.

Tags: Sagres Energy Inc.