![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Thursday, February 21, 2013 3:37:06 AM
AFRICA OIL ANNOUNCES TWIGA
FLOW RATE OF 2,812 BOPD
February 21, 2013 (AOI–TSXV, AOI–NASDAQ OMX) … Africa Oil Corp. (“Africa Oil” or the “Company”) announces that the testing program at the Twiga South-1 oil discovery in Kenya has now been successfully completed. The fifth and final Drill Stem Test (“DST”) flowed at a rate of 461 bopd bringing the cumulative flow rate up to 2,812 bopd, constrained by surface equipment. With optimised equipment these flow rates would increase to a cumulative rate of around 5,200 bopd.
High quality 37 degree API waxy sweet crude was flowed from all three zones in the Auwerwer formation with good quality reservoir sands encountered. The well has been suspended as a potential future production well.
As with DST 4A, a Progressive Cavity Pump (PCP) was used to artificially lift at DST 5, whilst DST 3 flowed naturally. Two additional zones were tested in the tight reservoir rock at the base of the well and, as anticipated, both produced at sub-commercial rates but confirmed the presence of movable oil.
These results provide encouragement for the forthcoming testing program at Ngamia-1A where at least four zones are planned to be tested using the Weatherford 804 rig. Testing activities are expected to commence in March and complete by the end of May.
Keith Hill, President and CEO of Africa Oil Corp., commented, “By demonstrating the good reservoir quality of the Auwerwer sands, we take a large step forward in our program to establish a commercially viable oil development project in Kenya. We look forward to the upcoming tests at Ngamia which we believe will also give similar flow rates and provide evidence on the lateral distribution of these key reservoir sands.”
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM