RE:RE:Africa Hydrocarbons Provides Operational Update Simply put, the original well at TD did not appear to show oil with the initial testing. However, the geology of the target is complex, and further work is being carried out to determine if oil is present.
There are a number of excellent posts both on stockhouse and investors village which go into much greater detail both on the geology and the drilling operation itself.
This is not dead yet, however it is very uncertain at this point.