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NFK Africa Hydrocarbons

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Share Name Share Symbol Market Type
Africa Hydrocarbons TSXV:NFK TSX Venture Common Stock
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Africa Hydrocarbons Provides Further Details on Completion Operations at BHN-1 Well in Tunisia

25/11/2013 12:00pm

Marketwired Canada


Africa Hydrocarbons Inc. (TSX VENTURE:NFK) ("AHI" or the "Company") today
provided the following additional details with respect to its news release dated
November 22, 2013 regarding the Company's BHN-1 exploration well on the Bouhajla
Permit in northeastern Tunisia. 


Completion operations at the BHN-1 well are ongoing, despite setbacks related to
complications associated with the acid injection program. The Company
experienced difficulties injecting acid into the Abiod formation as planned,
which would ordinarily have improved potential hydrocarbon access from the
formation into the wellbore. An acid injection such as this is a typical
completion method used within fractured carbonate formations such as the Abiod. 


The Operator, DualEx Energy International Inc., is currently exploring a variety
of possible explanations for the difficulties associated with accessing the
formation, including, but not limited to, failed or inadequate perforation
charges, an improper perforation method, and complications related to the amount
of pressure applied to the acid injection.


In order to determine possible causes of the failed acid injection, the Company
plans to utilize a borehole imaging tool that will assist in determining if an
adequate number of perforations exist, thereby allowing sufficient penetration
through casing, cement and into the rock formation. The results produced by the
borehole imaging tool will, along with other data, be considered when planning
subsequent operations. At such time as the necessary equipment is brought in and
operations have been finished, the Company will provide additional information.
It is expected that the next stage of operations on the well will take up to 30
days. 


At this time, the Company believes the Abiod formation remains un-evaluated with
unchanged potential for yielding a producing well at BHN-1.


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. 


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this News Release.




                         ON BEHALF OF THE BOARD OF                          
                          AFRICA HYDROCARBONS INC.                          
                                                                            
                               "John Nelson"                                
                                     CEO                                    



Forward-Looking Statements

This news release contains forward-looking statements and forward-looking
information within the meaning of applicable securities laws. The use of any of
the words "expect", "anticipate", "continue", "estimate", "objective",
"ongoing", "may", "will", "project", "should", "schedule", "believe", "plans",
"intends" and similar expressions are intended to identify forward-looking
information or statements. More particularly and without limitation, this news
release contains forward looking statements and information concerning the
Company's future operations. The forward-looking statements and information are
based on certain key expectations and assumptions made by the Company, including
expectations and assumptions concerning equipment and crew availability and
joint venture partner financial capability. Although the Company believes that
the expectations and assumptions on which such forward-looking statements and
information are based are reasonable, undue reliance should not be placed on the
forward looking statements and information because the Company can give no
assurance that they will prove to be correct. By its nature, such
forward-looking information is subject to various risks and uncertainties, which
could cause the Company's actual results and experience to differ materially
from the anticipated results or expectations expressed. These risks and
uncertainties include, but are not limited to, reservoir performance, labour,
equipment and material costs, access to capital markets, interest and currency
exchange rates, and political and economic conditions. Additional information on
these and other factors is available in continuous disclosure materials filed by
the Company with Canadian securities regulators. Readers are cautioned not to
place undue reliance on this forward-looking information, which is given as of
the date it is expressed in this news release or otherwise, and to not use
future-oriented information or financial outlooks for anything other than their
intended purpose. The Company undertakes no obligation to update publicly or
revise any forward-looking information, whether as a result of new information,
future events or otherwise, except as required by law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Africa Hydrocarbons Inc.
John Nelson
CEO
(403) 265-8011


Africa Hydrocarbons Inc.
200, 521-3rd Ave SW
Calgary, Alberta T2P 3T3
(403) 265-8011
www.africahydrocarbons.com

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