Who sold at 7 CALGARY, ALBERTA--(Marketwired - Nov. 22, 2013) - Africa Hydrocarbons Inc. (TSX VENTURE:NFK) ("AHI" or the "Company") announces an operational update regarding its BHN-1 exploration well on the Bouhajla Permit in northeastern Tunisia where the Company has a 47.5% working interest.
The Operator, DualEx Energy International Inc., has attempted to complete three separate intervals of the Abiod formation. These intervals were chosen based on log data interpretations suggesting the intervals had the highest occurrence of natural fractures, higher matrix porosity and hydrocarbon saturations. Following perforating, attempts were made to inject acid into the formation to clean up the near wellbore zone and enhance the reservoir's natural permeability. The acid injections could not be completed suggesting the perforation of the wellbore was ineffective. As a result, the Operator acquired additional log data and is planning further diagnostic measures to ascertain whether the wellbore was perforated as expected. The wellbore will now be suspended while awaiting the arrival of wellbore imaging equipment into the country, which is expected within 30 days.
The operational issues regarding the completion will delay the evaluation of BHN-1 however the Company believes this unexpected result needs to be thoroughly investigated in order to resolve the problem for the next completion attempt if the analysis indicates the absence of effective perforations.
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