Africa Oil Kenya Operations Update and Conference Call

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 23, 2014) - Africa Oil Corp. (TSX:AOI)(OMX:AOI) ("Africa Oil", "AOC" or the "Company") is pleased to provide an operational update on its exploration program in Kenya.

The Kodos-1 exploration well in Block 10BB was drilled to a total depth of 2500 metres and encountered hydrocarbon shows which indicates the presence of an active petroleum system. This is the first well drilled in the Kerio Basin, northeast of the successful South Lokichar Basin, and it appears to have been drilled in an area of unfavourable reservoir development, near the basin bounding fault. However, due to the encouraging hydrocarbon shows at Kodos-1, the partnership is in discussions to drill an additional exploration well in the Kerio Basin during 2015. The Weatherford 804 rig will now be moved to drill the second well in the basin at Epir-1, 25 km north of Kodos-1 in a separate sub-basin.

The Ekosowan-1 well drilled in block 10BB is the most southerly well drilled to date in the South Lokichar Basin, 12 km south east and up-dip of the previous Amosing-1 oil discovery. The well had a 900 metre column of near continuous oil shows throughout an interval of tight sands which also appear to be a result of drilling too close to the basin bounding fault. A downdip appraisal well between the Amosing field and this potential updip sealing location is also being planned.

The Sakson PR-5 rig which drilled the Ekosowan-1 will be replaced by the new SMP-106 rig which is currently mobilising to the Engomo-1 well location, the first test of the North Turkana Basin in Block 10BA. This prospect is in the largest basin in the portfolio and is directly onshore from Lake Turkana where numerous oil slicks and seeps have been observed.

The appraisal of the Ngamia field area was continued with the Ngamia-4 well which was drilled 1.1 km west of the Ngamia-1 discovery well. The well successfully encountered up to 120 metres of hydrocarbon pay, of which up to 80 metres was oil. This well has been suspended for use in future appraisal and development activities.

The Marriott PR46 rig which drilled the Ngamia-4 well will continue appraisal of the Ngamia oil field, and recently spud the Ngamia-5 well which will be utilised in the extended well testing program to help confirm the reservoir properties of the largest oil discovery to date in the South Lokichar Basin.

The SMP-5 Workover Rig has successfully completed four flow tests on the Twiga-2A well in Block 13T, achieving production rates between 150 and 3,270 bopd under natural flow with no depletion, the highest oil production rate seen to date in Kenya. With optimised equipment the maximum flow potential from the best zone could have increased to around 10,000 bopd demonstrating excellent reservoir deliverability. Due to these positive test results, further appraisal wells are being considered at Twiga.