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Kairiki Energy Limited (ASX:KIK) Update On Farm-Out Process In SC 54, Philippines

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Perth, Australia, Apr 15, 2009 - (ABN Newswire) - Kairiki Energy Limited (ASX:KIK)(PINK:KAIRF) Further to our release of 23 March 2009 regarding Kairiki's conditional agreement to farm-out a 17% interest in the inboard portion of SC 54 in the Philippines, Kairiki has entered into an updated Letter of Intent on identical terms to that previously announced, but mutually agreeing the date for those conditions to be satisfied by 15 April 2009 being extended to 30 April 2009.

About Kairiki Energy Limited:

Kairiki Energy is a Perth based company listed on the Australian Stock Exchange. Kairiki's corporate strategy is to acquire oil and gas interests in proven oil and gas basins. Currently, Kairiki has oil and gas interests in the Philippines, Tunisia/Italy and Romania. Kairiki has assembled a very experienced Board of Directors and management team to achieve its objectives. The Directors have over 70 years experience with major oil and gas companies working the world's major petroleum basins.


Contact:

Laurie Brown 
Managing Director 
Kairiki Energy Limited 
TEL: +61-8-9388-6711
 

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