African Petroleum Corporation announces an update to its prospective oil resources at its 90% owned and operated CI-509 and CI-513 offshore licence blocks in Côte d'Ivoire and its 100% owned and operated LB-08 and LB-09 offshore blocks in Liberia.

The Company engaged the independent petroleum consultant, ERC Equipoise Ltd (ERCE), to prepare an updated assessment of prospective oil resources attributable to the Company's Côte d'Ivoire and Liberia Licences. The ERCE Audit of prospective resources includes the addition of eight new prospects and has taken into account information gathered from third party drilling campaigns in the margin during 2014, particularly the oil discovery made by Total in CI-514 in April 2014.

Tags: African Petroleum Corporation Limited