Africa Oil Operations Update and Conference Call

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 22, 2015) - Africa Oil Corp. (TSX:AOI) (OMX:AOI) ("Africa Oil", "AOC" or the "Company") is pleased to provide an operational update on its exploration activities in Kenya and Ethiopia.

The Epir-1 exploration well was drilled to a total depth of 3,057 metres in the North Kerio Basin in Kenya Block 10BB. The well encountered a 100 metre interval of wet hydrocarbon gas shows with florescence indicating the presence of an active petroleum system. The hydrocarbon shows were encountered primarily in rocks which are not of reservoir quality. The partnership is very encouraged the Epir-1 well has demonstrated a working hydrocarbon system in the Kerio Basin and technical work will now focus on identifying a prospect in the basin where there is a high chance of trapping hydrocarbons in reservoir quality rock. The Weatherford 804 rig will now be moved to drill the Ekales Deep prospect in Kenya Block 13T, which will test a large prospect in a separate fault block to the east of the Ekales oil discovery in the South Lokichar Basin.

The new SMP-106 rig has spud the Engomo-1 well, the first test of the North Turkana Basin in Kenya Block 10BA. This prospect is to the west of Lake Turkana where numerous naturally occurring oil slicks and seeps have been observed.

An extensive appraisal program of the Ngamia and Amosing fields in the South Lokichar Basin in Kenya Blocks 10BB is continuing, as these oil fields are expected to form the foundation for a phased development of the basin.

The PR Marriott 46 rig has recently completed drilling the Ngamia-5, Ngamia-6 and Amosing-3 appraisal wells. Ngamia-5 is located 500 metres northeast of the Ngamia-1 discovery well in a different fault compartment and encountered 160 to 200 metres net oil pay, which is amongst the highest of all the wells drilled in the basin to date. Ngamia-6 is located approximately 800 metres north of Ngamia-1 and in the same fault compartment as Ngamia-5 and encountered up to 135 metres net oil pay. Both wells have been suspended and one or both will be utilized in an Extended Well Test ("EWT") that will commence in the second quarter. Pressure data from the Ngamia-3, 5 and 6 wells demonstrates connectivity between the wells at multiple reservoir horizons, which will be further tested by the EWT. The Amosing-3 appraisal well, located 1 kilometre northwest of the Amosing-1 discovery well was recently completed. The well encountered up to 140 metres of net oil pay and proved an extension of the field. Pressure data from Amosing-3 indicates connectivity in some reservoir horizons encountered in the Amosing-1, 2 & 2A wells. The PR Marriott 46 rig will now move to drill Ngamia-7, which will test a large potential eastern extension of the field identified from the new 3D seismic survey.