Africa Hydrocarbons Inc. announce operations in Tunisia continue to progress toward a commencement date for the drilling of the BHN-1 well to test the Bouhajla North prospect on its Tunisia acreage. The Operator, DualEx Energy International Inc., reports that the CTF-6 drilling rig is expected to be released from its current location within the next week, at which time it will begin moving to the Company's BHN-1 exploration well on the Bouhajla permit. Rig move and set-up is anticipated to be completed around the middle of May, with drilling to start immediately thereafter.
As previously announced by the Operator in February, the Operator and the Tunisian state oil company, Entreprise Tunisienne d'Activités Pétrolières (ETAP), applied for a one-year extension of the first exploration period of the Permit due to the possibility that the BHN-1 well would not be completed by the original expiry date of April 29, 2013. The Hydrocarbon Committee, which issues the formal approvals for such matters, has not met since the application was submitted. The Company is continuing its planned operations despite delays in the receiving a formal extension, which is expected to be granted shortly.
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Africa Hydrocarbons Inc.
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