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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 Reports on Permit Extension

23/07/2014 2:00pm

Marketwired Canada


NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES.


Africa Hydrocarbons Inc. (the Company) (TSX VENTURE:NFK) reports that its
application for a second one-year extension of the Bouhajla Permit is still
before the relevant government authorities, as first reported in its press
release dated May 29, 2014. The adoption of the newly created constitution in
January of this year, and in particular the interpretation of Article 13, has
resulted in delays for a number of companies with respect to issues related to
the administration of rights across the natural resources sector. 


John Nelson, CEO of the Company states "The Operator has just returned from
meetings in Tunis and is confident that a concerted effort is being made to
resolve the administrative complexity that has been created, so that companies
can continue with their exploration programs. Additional news will be released
once we receive notice regarding our extension application, and upon approval,
initiate the re-completion of the BHN-1 well that also had to be put on hold
pending final government approval of the permit extension."


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.


This press release, required by applicable Canadian laws, is not for
distribution to U.S. News services or for dissemination in the United States,
and does not constitute an offer to sell or a solicitation of an offer to sell
any of the securities described herein in the United States. These securities
have not been, and will not be, registered under the United States Securities
Act of 1933, as amended, or any state securities laws, and may not be offered or
sold in the United States or to U.S. Persons unless registered or exempt
therefrom.


ON BEHALF OF THE BOARD OF AFRICA HYDROCARBONS INC. 

John Nelson, CEO 

FOR FURTHER INFORMATION PLEASE CONTACT: 
Africa Hydrocarbons Inc.
John Nelson
CEO
(587) 955-9993
www.africahydrocarbons.com

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