Africa Hydrocarbons Inc.
TSX VENTURE : NFK

Africa Hydrocarbons Inc.

July 23, 2014 09:00 ET

Africa Hydrocarbons Reports on Permit Extension

CALGARY, ALBERTA--(Marketwired - July 23, 2014) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Africa Hydrocarbons Inc. (the Company) (TSX VENTURE:NFK) reports that its application for a second one-year extension of the Bouhajla Permit is still before the relevant government authorities, as first reported in its press release dated May 29, 2014. The adoption of the newly created constitution in January of this year, and in particular the interpretation of Article 13, has resulted in delays for a number of companies with respect to issues related to the administration of rights across the natural resources sector.

John Nelson, CEO of the Company states "The Operator has just returned from meetings in Tunis and is confident that a concerted effort is being made to resolve the administrative complexity that has been created, so that companies can continue with their exploration programs. Additional news will be released once we receive notice regarding our extension application, and upon approval, initiate the re-completion of the BHN-1 well that also had to be put on hold pending final government approval of the permit extension."

About the Company

AHI is a Canadian based international oil and natural gas company involved in the acquisition, exploration and development of energy assets, with an emphasis on Africa. The key asset of the Company is its 47.5% owned Bouhajla Block, located onshore in Tunisia within the productive Pelagian Basin.

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.

This press release, required by applicable Canadian laws, is not for distribution to U.S. News services or for dissemination in the United States, and does not constitute an offer to sell or a solicitation of an offer to sell any of the securities described herein in the United States. These securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States or to U.S. Persons unless registered or exempt therefrom.

ON BEHALF OF THE BOARD OF AFRICA HYDROCARBONS INC.

John Nelson, CEO

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