Africa Hydrocarbons Inc.: 3D Seismic Survey Completed in Tunisia
09.03.2012 | Marketwire
VANCOUVER, BRITISH COLUMBIA -- (Marketwire - March 8, 2012) - Africa Hydrocarbons Inc. (TSX VENTURE:NFK) ("AHI" or the "Company") is pleased to announce that field recording of the Bouhajla North 3D seismic survey in Tunisia has now been completed. The 55 km2 survey was contracted to CGGVeritas Services SA, and was shot over the Bouhajla North prospect on the Bouhajla Permit, located onshore in the Pelagian Basin.CEO, John Nelson states, "The seismic operation went according to plan. We are excited to see the data processing and interpretation get underway on the Bouhaijla North prospect over the coming weeks."
About the Company
Africa Hydrocarbons Inc. is a newly formed Canadian listed exploration company with a vision to develop a significant presence in the developing oil and gas industry within Africa. The Company signed an agreement with DualEx Tunisia Inc., a wholly owned subsidiary of Dualex Energy International Inc., that grants the Company the right to earn 47.5% interest in a 416 square kilometer exploration permit located within onshore Tunisia.
Forward Looking Statements
Certain information set forth in this press release, including the completion of the Amalgamation, contains forward looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", may", "will", "project", "should", "believe" and similar expressions are intended to identify forward looking statements. By their nature, forward looking statements are subject to numerous risks and uncertainties, some of which are beyond management's control, including the receipt of third party approvals, including shareholder and regulatory approvals, impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, imprecision of reserve or resource estimates, environmental risks, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility and ability to access sufficient capital from internal and external sources.
Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward looking statements. Actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward looking statements. No assurance can be given that any of the events anticipated will transpire or occur, or if any of them do so, what benefits will derive from them. Except as required by applicable securities laws, AHI disclaims any intention or obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise.
ON BEHALF OF THE BOARD OF AFRICA HYDROCARBONS INC.
John Nelson, CEO
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE
Contact Information
Africa Hydrocarbons Inc.
John Nelson, CEO
(604) 684-6535
(604) 602-9311 (FAX)
www.africahydrocarbons.com