OPERATIONS UPDATE CTF-06 contracted to drill BHN-1 with spud date of June 08. BHN-1 drilled to TD (2,745m) in 37 days. Well cased. BHN-1 well final logging completed in September. BHN-1 well completion finished in November.…
Corp Highlights Over 130,000 acres of prospective acreage in Pelagian Basin in Tunisia Area underexplored for over 25 years 40-50 mmbbl 3D defined prospect (Bouhajla North) New discovery can be brought on production quickly…
AHI Strategy Focus on North Africa and onshore Sub-Sahara Africa. Build a portfolio of strategic land positions that provide superior returns with the following criteria: Favourable risk/reward situations Meaningful project size…
Corporate Information Capital Structure Shares O/S 114,109,838 Warrants (1) 34,902,778 Options (2) 5,450,000 Total 154,462,616 Market Cap. 17,000,000 Debt Nil 1. 27,778,000 warrants have an exercise price of .30 expiring May…
Tunisia - Pelagian Basin Area Bouhajla Block Alberta Sidi el Kilani Field Tunisia Tunisia Tunisia is underexplored Pelagian Basin Number of wells Libya Algeria Outline Alberta 500,000 Tunisia 1,200 225km Wells per square…
Tunisia - Bouhajla PSC Bouhajla PSC 47.5% W.I. in PSC covering 536 km2 (132,800 acres) New Acreage Partnered with Dualex (52.5%) Operator AHI funds the first 7.25 million of the exploration program 55 km2 3D seismic (2.5 million…
PSC Terms - Oil Expenditures up to 40% of Gross Operator W.I. the total oil revenue in a Production 52.5% quarter are reimbursed 100% from oil revenue. R Factor % Remaining expenditures AHI W.I. are reimbursed in following Less than…
Bouhajla Prospects and Leads Bouhajla North 3 prospects with an estimated 1,033 Bouhajla Northeast mmbbl of undiscovered PIIP (NI 51-101 compliant) Bouhajla Southeast A resource report has not been 3D Outline completed for newly…
Bouhajla North Prospect (2D line) Spud in June 2013 NW Line KNK-062 SE Good E-W closure with apparent N-S closure/seal as well. Abiod involved in structure with intense faulting and fracturing. Structure is similar in size and…
Sidi el Kilani Field Nearby Producing Analog Sidi el Kilani field seismic section courtesy ETAP The Sidi el Kilani field has produced over 50 million barrels of oil from 5 wells Fields maximum production was over 20,000 BOPD from…
Bouhajla 3D Seismic 3D seismic processing and interp completed Completed on time and on budget Q1 2012. Data interpreted in Calgary, in house. The data is of very high quality, allowing for good imaging of the targeted…
BNH-1 Drill Site 14
Tunisia Infrastructure Sidi el Kilani Pipeline 25 km from pipeline at Sidi El Kilani Estimated pipeline tie-in cost of 6-8 million 126 km pipeline from Sidi el Kilani to Skhira port in place Pipeline sized to handle 22,000 BOPD…
Bouhajla Risk Mitigation Source The Pelagian basin has several proven source rocks. The Sidi El Kilani field to the east has produced approximately 50 million barrels of oil to date. Source rock is not a high risk in this area.…
Bouhajla Prospects (3 Total on original block) Abiod Time Structure Map Three prospect types represented: Bouhajla Northeast Four-way closure Bouhajla North (Bouhajla N). Truncation against salt diapir, 3-way closure (Bouhajla…
Bouhajla North Prospect- First target- drilling of BHN-1 completed Results encouraging 3D seismic acquired in Q1, 2012 that confirms previous 2D structural interp and Sidi el Kilani analog. Used to pick optimum drilling location.…
Additional 2D Defined Prospects- Bouhajla Northeast Bouhajla Southeast Good closure in WNW- Good closure in WNW- ESE direction with ESE direction with overall structure climbing overall structure climbing to the north to the…
Newly Acquired Acreage Ktititir Structure Recently acquired acreage - Ktititir Structure New 3D survey being planned for 2013 El Gueria Reservoir interval 20
Bouhajla Prospects NI 51-101 Resource Potential Summary of Estimates of Undiscovered Petroleum Initially in Place Bouhajla Production Sharing Contract Prospect Best (Mstb) High (Mstb) Low (Mstb) Bouhajla North1,3 82,829 129,090…
AHI Summary Location Tunisia- stable, industry-friendly, small company environment Attractive PSC and fiscal terms Under-explored country with open acreage Rocks High impact exploration with significant resource identified on…
Appendix Management and Directors Tunisia Country Summary Tunisia Petroleum Industry Stratigraphic Column Contacts 23
Management and Directors John Nelson, President and CEO, Director, Mr. Nelson is a professional geologist with over 27 years of resource industry experience in geology and geophysics. Prior to this appointment, Mr. Nelson was a…
Management and Directors Dave Antony, Director, Mr. Antony is a Chartered Accountant and has over 17 years experience in assisting companies in structuring transactions, accessing capital, and corporate governance. In the last five…
Tunisia Country Summary Political Summary: Freely elected government sworn in December 24, 2011 Government Republic Ranked 1 in the Arab world in the Economists 2011 Democracy Index. Ranked 2.29 in 2010 and 5.53 in 2011 10 being…
Tunisia Petroleum Industry Daily oil production (bopd) 95,000 Daily consumption (bopd) 84,000 (2010 est)1 Gas production 264 mmcf/d (2010 est) Remaining reserves: Oil 425 million boe Gas 413 million boe Oil and gas fields 45…
Pelagian Basin Tunisia Stratigraphy and Hydrocarbons Proven Reservoir: Reservoir There are multiple reservoirs producing within the Pelagian Basin: H Primary: Abiod Fm: Late Cretaceous. Reservoir H Secondary: Birsa Fm, El Garia…
Corporate Contacts John Nelson, CEO Africa Hydrocarbons Inc. Suite 200, 521-3rd Ave SW Calgary, AB T2P 3T3 403-265-8011 x6.com jnelsondualexen.com This presentation and the information contained within is confidential,…
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