Africa Hydrocarbons provides an operations update regarding the second completion attempt at BHN-1 well in Tunisia

3/24/2014

Africa Hydrocarbons provides an operations update regarding the second completion attempt at BHN-1 well in Tunisia

CALGARY -- Africa Hydrocarbons provided the following operational update regarding the Company's BHN-1 exploration well on the Bouhajla Permit in northeastern Tunisia.

The company has finalized a re-completion program for the BHN-1 well on the Bouhajla permit in northeast Tunisia. The operation will involve using a workover rig to pull the production tubing from the wellbore and re-perforate the Abiod using a casing gun and deep penetrating charges.To that end, materials and equipment have been sourced, and the process of contracting the services of the workover rig is underway.Additional details regarding the re-completion operation will be provided prior to the operation being undertaken,currently expected to be in late April 2014.

The company also advises that ETAP, the Tunisian state oil company,has agreed to a one year extension to the first exploration period of the Bouhajla Permit,until April 28,2015.

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