Nabi Oil and Gas awaiting analysis of Mahaica/Mahaicony test results

Nabi Oil and Gas Inc says that it is awaiting an analysis of the results of soil and boundary tests in the Mahaica/Mahaicony area using hydrocarbon imaging.

In a statement yesterday, the company was responding to a report in the March 15, 2014 edition of Stabroek News which said that the operations on the East Coast were apparently at a standstill. The report was based on a comment provided over the phone to Stabroek News by someone at the company who declined to provide a name.

Yesterday, the company in a statement signed by Rafael S. Nabi, Company Secretary/Director said that