African Petroleum updates prospects offshore Côte d’Ivoire and Liberia

African Petroleum Corp. has released data from an assessment of its prospective oil resources done by ERC Equipoise Ltd.

Offshore staff

LONDON –African Petroleum Corp. has released data from an assessment of its prospective oil resources done by ERC Equipoise Ltd.

The resources audit covered African Petroleum’s 90% owned and operated CI-509 and CI-513 licensesoffshore Côte d’Ivoire and its 100% blocks LG-08 and LB-09 offshore Liberia. It also includes eight new prospects plus data gathered from third-party drilling in 2014.

The report says the company had a 118% increase in net risked prospective oil resource in Côte d’Ivoire and a 33% increase offshore Liberia.

African Petroleum has contracted ERC Equipoise to conduct additional studies in Gambia, Sierra Leone, andSenegal.

01/26/2015

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