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    • Polarcus receives Letter of Intent from OMEL

    — August 4, 2010
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    Polarcus Limited (OAX: PLCS) announced today that the Company, in association with its partner Sonar Limited, has received a Letter of Intent from OMEL Exploration and Production Nigeria Limited for a 530 square kilometer 3D seismic acquisition project over block OPL 279, offshore Nigeria. The project, to be acquired by POLARCUS NAILA, will commence in October 2010 and is expected to run for approximately 25 days

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