Mongolian lure for BKM

BKM Management has signed a heads of agreement to acquire SMG Oil & Gas, which hold the right to explore in a Mongolian block for 25 million BKM shares price at A1c each.

SMG, owned by Singapore registered CBS Ventures, has a contract from Mongolia's Mineral Resources and Petroleum Authority to carry out an oil exploration geological survey in Block XXX in the Baitag