CALGARY, ALBERTA -- (Marketwired) -- 05/16/13 -- Africa Hydrocarbons Inc. (TSX VENTURE: NFK) ("AHI" or the "Company") is pleased to announce the Hydrocarbon Committee in Tunisia has now formally approved a one-year extension to April 29, 2014. As previously announced in February, the Operator ("DualEx Energy International Inc") and the Tunisian state oil company, Entreprise Tunisienne d'Activites Petrolieres ("ETAP"), applied for a one-year extension of the first exploration period of the Permit due to the possibility that the BHN-1 well would not be completed by the original expiry date of April 29, 2013.
The Operator reports that rig move and rig-up of the CTF-6 drilling rig is ongoing at the Company's BHN-1 exploration well site on the Bouhajla permit. Drilling is anticipated to start immediately after rig-up is completed, and will be announced by the Company on or near the spud date. The BHN-1 well will be drilled on the Bouhajla North prospect to a planned total depth of 2545 metres to evaluate a Cretaceous Abiod target, analogous to the Sidi el Kilani field twenty-five kilometers to the east. The well is expected to take four to six weeks to reach total depth.
"We are glad that the approval process for the extension has now been completed and we can focus on the current drilling program which is underway." states John Nelson, CEO of the Company.
About the Company
AHI is a Canadian based international oil and natural gas company involved in the acquisition, exploration and development of energy assets, with an emphasis on Africa. The key asset of the Company is its 47.5% owned Bouhajla Block, located onshore in Tunisia within the productive Pelagian Basin.
ON BEHALF OF THE BOARD OF
AFRICA HYDROCARBONS INC.
John Nelson, CEO
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