Vanoil Energy Ltd. has received confirmation of Fluormin's shareholders having passed by the necessary majorities, the resolutions proposed at the Court Meeting (convened by order of the High Court of Justice in connection with the scheme of arrangement) and at the general meeting.

The approval by Fluormin's shareholders of the scheme of arrangement is a significant step towards the implementation of the scheme, which is expected to become effective on 17 May 2013, subject to the satisfaction of further conditions.

Vanoil is also pleased to announce that its newly acquired subsidiary, Avana Petroleum Kenya Limited (Avana), has entered into a transfer agreement with Dominion Petroleum Kenya Limited (Dominion) (a wholly owned subsidiary of Ophir Energy plc), to perfect Avana's title to a 10% participating interest in Kenya offshore Block L9. Dominion holds the balance of the participating interest.

Tags: Vanoil Energy Ltd.