http://www.mongoliaonline.com/Business/canoel-announces-agreement-to-purchase-oil-exploration-and-development-block-in-mongolia/ Canoel International Energy Ltd. entered into an Agreement to become the operator of a large oil exploration block in Mongolia, which is located in the Mongolian part of the Gobi desert, immediately north of the boundary with China. It covers 13'575 square kilometres (about 3.37 million acres). Hans Oesterle, Vice President for Exploration says: "Preliminary work identified several l... Wed, 27 May 2009 23:04:36 EDT en