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Re: redinvest post# 2759

Thursday, 02/21/2013 3:37:06 AM

Thursday, February 21, 2013 3:37:06 AM

Post# of 7243
Twiga looks good: With optimised equipment these flow rates would increase to a cumulative rate of around 5,200 bopd.

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.”