Africa Energy Corp (HPMCF)

[dat_51or]

Promising news on Horn's first well from RNP, one of our partners.

http://www.asx.com.au/asxpdf/20120514/pdf/4267p8dt6fv036.pdf

Shabeel-1 well currently being drilled in Puntland by the Joint Venture
partner and operator, Horn Petroleum Corp. (TSXV: HRN) is drilling ahead at a
current depth of 3,425m (as at 13 May 2012).

A gross section of 150m of oil (possible net pay between 12-20m) has been
encountered in the Cretaceous Sandstones (previously announced) whilst further oil
shows have been encountered in the deeper sandstones which are currently being drilled.

A testing program including the zones discovered to date and any deeper
potential payzones encountered will be agreed with the Operator upon total depth being
reached.

It's looking very good, IMO. These finds are proving up the theory that Yemen's fields flow south under the Gulf of Aden.

Hold on tight....
dat