Africa Hydrocarbons Inc. (TSX VENTURE:NFK) ("AHI" or the "Company") today issued the following news and operational update regarding its BHN-1 exploration well on the Bouhajla Permit in northeastern Tunisia where the Company has a 47.5% working interest.
Preparations at the BHN-1 well site are now finished to allow for continuation of the completion and testing program expected to begin within a week. Completion equipment is now being mobilized. The completion program has been expanded to include one additional interpreted fracture interval. Two six meter intervals and one three meter interval over interpreted fracture zones within the logged Abiod reservoir section will be perforated for possible flow and testing analysis.
These operations are expected to take approximately ten days. Results will be press released once relevant flow and pressure data have been collected and interpreted.
"We are pleased to have recently completed a financing that will cover our near term commitments and also enable us to expand our completion and testing program. The 3D seismic, drilling data and log data interpretations have provided some encouraging observations that de-risk certain aspects of the exploration process that we will evaluate further following the completion and testing operation. The next steps will hopefully provide insights on the extent and quality of the fracture network in the vicinity of the wellbore and provide additional data to understand the hydrocarbon potential of this prospect and other prospects on the remainder of our 536 square kilometer block," states John Nelson, CEO of Africa Hydrocarbons.
