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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
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Africa Hydrocarbons Provides Further Details on Completion Operations at BHN-1 Well in Tunisia

03/01/2014 12:00pm

Marketwired Canada


Africa Hydrocarbons Inc. (TSX VENTURE:NFK) ("AHI" or the "Company") today
provided the following operational update regarding the Company's BHN-1
exploration well on the Bouhajla Permit in northeastern Tunisia. 


As planned (and previously announced on November 25, 2013) the Company utilized
a wireline-conveyed borehole imaging tool to investigate the effectiveness of
the initial perforation operation. The operator 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, the
Company believes the potential for yielding an Abiod discovery at BHN-1 remains
unchanged.


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
www.africahydrocarbons.com

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