Africa Oil Provides Operations Update

Oilnews

“Africa Oil” or the “Company”) is pleased to provide the following update on its activities in Kenya and Ethiopia. Africa Oil’s work program for 2014 will include at least 20 exploration and appraisal wells, extended well tests on the South Lokichar basin discoveries, and will include exploration wells targeting four new basins.

Excellent progress continues with the exploration and appraisal program in the South Lokichar basin in Northern Kenya which is the site of seven consecutive significant oil discoveries by Africa Oil in conjunction with its 50% partner and Operator, Tullow Oil plc (“Tullow”). Currently three drilling rigs and a test rig are operating in the South Lokichar basin.

Well testing at Etuko-1 from five identified Lokhone pay intervals confirmed the previously announced discovery. Light 36 degree API waxy crude oil was successfully flowed from three zones at a combined average rate of over 550 barrels of oil equivalent per…

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