Africa Energy Corp (HPMCF)

[dat_51or]

AFRICA OIL SHABEEL NORTH UPDATE

July 18, 2012 (AOI–TSXV, AOI–NASDAQ OMX) … Africa Oil Corp. (“Africa Oil” or the “Company”) reports that the Horn Petroleum Corporation operated Shabeel North well is currently at a depth of 1967 meters and has penetrated a 50 meter gross section of upper Jesomma sands with oil shows. An open hole drill stem test is currently underway to determine if this zone is oil or water bearing.

Regardless of the result of this test, the well will continue to drill to the base of the Jesomma sands to evaluate any additional lower Jesomma potential pay zones.

And and important follow-up email from Sophia clarifies the water oil comment (from another board, 7.19.12)....

Hi!

Just to clarify - we don't know if there is water - but with very well you drill around the world there are always several possibilities: not flowing at all, flowing oil, flowing gas, flowing water - there is often a combination of oil and water - that is quite normal - it's just a problem if the ratios are wrong. I think what there were trying to say with the release is that we've got oil shows which is great, but they put in a reminder that until we test the well, we won't really know what the well is going to flow.

Best regards,

Sophia