Africa Oil Corp. Provides Update on its Operations in Kenya and Ethiopia
in early February. Five zones are being tested. Based on analysis of the electrical logs, conventional and sidewall cores and MDT sampling program, the Company estimates a flow rate of approximately 500 bopd per interval. It is important to note that the test results may be limited by the size and capacity of the pump and testing equipment being used and a number of other factors including reservoir characteristics and pressure. Drilling operations continue at the Paipai prospect in Kenya Block 10A which is preparing to drill ahead at 3,850 meters after setting 9 5/8" casing. The well has penetrated a shaly interval which is believed to be a potential top seal for the main objective reservoirs of Lower Cretaceous and possibly Jurassic age. The well is expected to reach total depth in the first half of February.