Africa Oil Announces Twiga Flow Rate of 2,812 bopd

Africa Oil Announces Twiga Flow Rate of 2,812 bopd 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/21/13 -- Africa Oil
Corp. (TSX VENTURE:AOI)(OMX:AOI) ("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." 
About Africa Oil 
Africa Oil Corp. is a Canadian oil and gas company with assets in
Kenya, Ethiopia and Mali as well as Puntland (Somalia) through its
approximate 45% equity interest in Horn Petroleum Corporation. Africa
Oil's East African holdings are in within a world-class exploration
play fairway with a total gross land package in this prolific region
in excess of 250,000 square kilometers. The East African Rift Basin
system is one of the last of the great rift basins to be explored.
New discoveries have been announced on al
l sides of Africa Oil's
virtually unexplored land position including the major Albert Graben
oil discovery in neighboring Uganda. Africa Oil's recent Ngamia-1 and
Twiga South-1 discoveries extend the Albert Graben play into Kenya
where Africa Oil along with partner Tullow Oil plc hold a dominant
acreage position. Newly acquired seismic and gravity data show robust
leads and prospects throughout Africa Oil's project areas. The
Company is listed on the TSX Venture Exchange and on First North at
NASDAQ OMX-Stockholm under the symbol "AOI". 
FORWARD-LOOKING STATEMENTS 
Certain statements made and information contained herein constitute
"forward-looking information" (within the meaning of applicable
Canadian securities legislation). Such statements and information
(together, "forward looking statements") relate to future events or
the Company's future performance, business prospects or
opportunities. Forward-looking statements include, but are not
limited to, statements with respect to estimates of reserves and or
resources, future production levels, future capital expenditures and
their allocation to exploration and development activities, future
drilling and other exploration and development activities, ultimate
recovery of reserves or resources and dates by which certain areas
will be explored, developed or reach expected operating capacity,
that are based on forecasts of future results, estimates of amounts
not yet determinable and assumptions of management. 
All statements other than statements of historical fact may be
forward-looking statements. Statements concerning proven and probable
reserves and resource estimates may also be deemed to constitute
forward-looking statements and reflect conclusions that are based on
certain assumptions that the reserves and resources can be
economically exploited. Any statements that express or involve
discussions with respect to predictions, expectations, beliefs,
plans, projections, objectives, assumptions or future events or
performance (often, but not always, using words or phrases such as
"seek", "anticipate", "plan", "continue", "estimate", "expect, "may",
"will", "project", "predict", "potential", "targeting", "intend",
"could", "might", "should", "believe" and similar expressions) are
not statements of historical fact and may be "forward-looking
statements". Forward-looking statements involve known and unknown
risks, uncertainties and other factors that may cause actual results
or events to differ materially from those anticipated in such
forward-looking statements. The Company believes that the
expectations reflected in those forward-looking statements are
reasonable, but no assurance can be given that these expectations
will prove to be correct and such forward-looking statements should
not be unduly relied upon. The Company does not intend, and does not
assume any obligation, to update these forward- looking statements,
except as required by applicable laws. These forward-looking
statements involve risks and uncertainties relating to, among other
things, changes in oil prices, results of exploration and development
activities, uninsured risks, regulatory changes, defects in title,
availability of materials and equipment, timeliness of government or
other regulatory approvals, actual performance of facilities,
availability of financing on reasonable terms, availability of third
party service providers, equipment and processes relative to
specifications and expectations and unanticipated environmental
impacts on operations. Actual results may differ materially from
those expressed or implied by such forward-looking statements. 
ON BEHALF OF THE BOARD 
Keith C. Hill, President and CEO 
Africa Oil's Certified Advisor on NASDAQ OMX First North is Pareto
Ohman AB. 
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 release. 
Contacts:
Africa Oil Corp.
Sophia Shane
Corporate Development
(604) 689-7842
(604) 689-4250 (FAX)
africaoilcorp@namdo.com
www.africaoilcorp.com
 
 
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