Kilimanjaro Capital announced that it has entered into a farmout agreement with the Amsas to obtain a 5% non working interest in the Somalia Amsas-Coriole-Afgoye Block with an opportunity to earn an additional 5% each in additional three Somali blocks. The ACA Block is located on the coast of Somalia just south of the capital of Mogadishu and was formerly known as the 'Government Block'. Amsas obtained 49% of the block in 2008 from the Somali Transitional Federal Government.

The ACA Block is a 4,700-square kilometer coastal parcel directly onshore opposite the offshore Block M-7 once held by a Shell unit before the Somali civil war started in 1991. Amsas estimates expect the block to contain 1 billion BOE, while optimistic estimates anticipate 5 billion BOE. Kilimanjaro's role is to utilize its unique structure to obtain the financing necessary for the ACA Block to begin exploration on the ground leading to a test well.

According to Kilimanjaro CEO Zulfikar Rashid the ACA Agreement plays to Kilimanjaro's strengths in African frontier markets.