Continental Focus, International Reach

BHN-1 Ready for Perforation

Monday, January 6, 2014

Africa Hydrocarbons Inc. provided an operational update regarding its BHN-1 exploration well on the Bouhajla Permit in northeastern Tunisia. As the company had previously anticipated it utilized a wireline-conveyed borehole imaging tool to investigate the effectiveness of the initial perforation operation. The operator, DualEx Energy, completed this operation and upon review of the results, planning for re-perforation of the well within the Abiod formation is underway. Timing of this operation will be announced as soon as costs, logistics and sourcing of equipment are finalized.

The company remains of the view that the initial perforation attempt and acid injection previously undertaken was not successful in accessing the formation, thereby necessitating the additional completion operation. At this time, Africa Hydrocarbons believes the potential for yielding an Abiod discovery at BHN-1 remains unchanged.


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