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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 an Update Regarding the Re-Completion Operations at BHN-1 Well in Tunisia

29/05/2014 2:00pm

Marketwired Canada


Africa Hydrocarbons Inc. (TSX VENTURE:NFK) ("AHI" or the "Company") today
provided the following update regarding the Company's BHN-1 exploration well on
the Bouhajla Permit (47.5% WI) in northeastern Tunisia. 


Africa Hydrocarbons has been advised by the Tunisian Department of Energy that,
pursuant to the newly adopted Tunisian Constitution, all issues relating to
natural resources contracts must be approved by the National Constituent
Assembly. This is applicable to the Company's Bouhajla Permit in Northeast
Tunisia and specifically to the second one-year extension, applied for pursuant
to the Hydrocarbons Code by the operator and the state oil company, ETAP, in
February 2014. The relevant government departments are developing procedures for
implementing this new protocol. AHI will provide an update on the approval
process by the National Constituent Assembly as soon as known.


The Company had completed preparations for the re-completion of the BHN-1
exploration well and was preparing to commence the rig move when notified by the
authorities of the new requirement for National Constituent Assembly approval.
As a result, the workover rig contracted for this operation will move to a
storage site until such time as the now-required approvals are in place. Once
initiated, the re-completion will entail pulling the existing production tubing
from the wellbore and re-perforating the Abiod formation using a casing gun and
deep penetrating charges, followed by selective acidization of the individual
perforation intervals. 


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

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

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