Cirrus: Farmout of Blocks Q11 & Q14

Cirrus Energy Nederlands BV announces it has entered into an agreement with TAQA offshore BV whereby Cirrus will dispose of 50% of its interest in the Q11 & Q14 offshore exploration licences. Upon closing of the farmout, Cirrus' working interests, post EBN participation, will be 28.5% in block Q11 and 30% in block Q14. Cirrus will remain the operator of both blocks.

Link to press release, February 05, 2008:

http://www.cirrusenergy.ca/main/default.asp?V_DOC_ID=927