Selier Energy Ltd. is a wholly-owned subsidiary of North Atlantic Resources Ltd. www.nac-tsx.com
North Atlantic Resources Ltd. trades on the Toronto Stock Exchange under symbol ‘NAC’.
Selier Energy Ltd. is focused on energy exploration projects in west Africa.
North Atlantic Resources led the U3O8 exploration rush into west Africa in 2005. North Atlantic Resources Ltd. and its subsidiary Selier Energy Ltd. are the first junior exploration companies to apply for and be granted uranium exploration permits in the Arlit region of the Republic of Niger.
Niger is the world's 4th largest uranium producer with annual production of approximately 35,000 tonnes of U3O8.
In February 2007, Selier Energy Ltd. was granted the 20,000 square kilometre Macina Oil and Gas exploration permit in the Republic of Mali.
The acquisition of the Macina oil and gas permit re-enforces the belief of management that in addition to Uranium and Gold there are other exceptional energy business opportunities in the west African region. In 1985, the United States Geological Survey conservatively estimated that 4.84 billion barrels of oil were recoverable from Niger and Chad (i.e. excluding Mali), of which 1.25 billion barrels have been discovered. Accordingly there are likely several billion barrels of recoverable oil yet to be discovered in the region.