Africa Energy Corp (HPMCF)

[dat_51or]

From Sophia....re: Horn exploration contracts

Sent: Monday, April 22, 2013 9:57 AM
To: Sophia Shane
Subject: Horn question - are we loosing Nugaal?

Hello Sophia,

I'm hoping you or someone associated with Horn can address the impact of this recent action by Somalia's central government.

http://origin-www.bloomberg.com/news/2013-04-22/somalia-targets-shell-eni-for-oil-gas-output-sharing-contracts.html

Is Nugaal one of the blocks that are being re-awarded by the Somalian government or is it excluded from that process?

Can someone give an assessment as to the risks that we will or could loose Nugaal to the former block holder Conoco Phillips?

Thanks for the help.

Her reply...

Good morning!

Although we recognize that there is certainly risk over this issue, we still think the chances are that we won’t have a problem because Puntland and Somaliland have remained firm over the contracts.

Best regards,

Sophia