1. The Uganda National Oil Company (UNOC) Ltd : intends to dispose of the following asset; 45,211 Barrels of test crude in the Albertine Graben

2. The asset are sold on an "as is, where is" basis and i the Entity will have no further liability after sale.

3. The Entity invites sealed bids for the purchase of the above assets

4. Bidding will be conducted in accordance with the Public Bidding Disposal method contained in the Public Procurement and Disposal of Public Assets Act, 2003 and is open to all bidders.

5. Interested bidders may inspect the asset(s)at the location indicated in 7(a) on Monday to Friday from 8:00am— 5:00pm except public holidays.

6. The bidding documents may be inspected and purchased by interested bidders on the submission of a written application to the address indicated in 7(b).

7. Bids must be delivered to the address indicated in 7(c) at or before Friday 9th March 2018 at 10:00am with a Bid security of USD 10,000 in form of a Bank Guarantee from a reputable bank. Late bids shall be rejected. Bids will be opened in the Presence of the bidders or the representatives of the bidders who choose to attend at the address indicated in 7(d) at Friday 9th March 2018 at 10:30 am.