In East Africa, 2012 was also a period of extensive data acquisition across our portfolio and as a result, we have significantly increased our net prospective resource volume by 176% to 5,838 mmboe. Over the next 12 to 18 months, we will continue to de-risk our exploration acreage across our portfolio through a high-impact E&A campaign targeting both frontier and established basins.
We have started 2013 strongly, with year-on-year growth of 14% in net production in Q1 2013 and remain firmly on-track to achieve our production guidance of 40,000 to 47,000 boepd net to Afren. We have also made a successful start to our 2013 drilling campaign with the successful Okwok-10 and Okwok-11 appraisal wells. The results from the appraisal programme are currently being integrated into the field model and optimised Field Development Plan (FDP), prior to submission to the Nigerian authorities later this year.
The Group remains in a position of financial strength, with robust high-margin cash flows being generated from a growing production base supported by a strong balance sheet with the capacity and flexibility to optimally explore and develop our high-quality portfolio of growth opportunities well into the future. In addition, as part of our active portfolio management process, we will look to farm-out and divest assets at different points in the value chain to either increase the rate of return on investment from our portfolio or to use the proceeds to recycle cash and maintain capital efficiency. In this regard, we completed the farm out of 17.14% participating interest in the OPL 310 licence, offshore Nigeria, to Lekoil in May 2013. An exploration well is currently being drilled at the Ogo prospect and together with a planned side-track which, in aggregate, will be targeting gross P50 prospective resources of 202 mmboe.
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