Africa Hydrocarbons Inc. (TSX VENTURE:NFK) ("AHI" or the "Company") today provided the following operational update regarding the Company's BHN-1 exploration well on the Bouhajla Permit in northeastern Tunisia.
As planned (and previously announced on November 25, 2013) the Company utilized a wireline-conveyed borehole imaging tool to investigate the effectiveness of the initial perforation operation. The operator completed this operation and upon review of the results, planning for re-perforation of the well within the Abiod formation is underway. Timing of this operation will be announced as soon as costs, logistics and sourcing of equipment are finalized.
The Company remains of the view that the initial perforation attempt and acid injection previously undertaken was not successful in accessing the formation, thereby necessitating the additional completion operation. At this time, the Company believes the potential for yielding an Abiod discovery at BHN-1 remains unchanged.
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.