Afren Updates on Kurdistan Operations

A multi-zone testing programme is underway to confirm the resource potential of the well. Results from the tests are expected to be available from the Operator shortly.

Operator Hunt Oil spudded the Maqlub-1 well testing the high potential Maqlub structure in June 2013. The drilling programme is expected to last 110 days followed by drilling at Maqlub-2. The Maqlub structure is located adjacent to the Barda Rash PSC and will be testing the Cretaceous, Jurassic and Triassic reservoirs.

Commenting today, Osman Shahenshah, Chief Executive of Afren plc, said:

"Afren continued to deliver strong operational results during the first half of 2013. We recorded a year-on-year increase in underlying net production of 13 per cent. principally from our green field developments offshore Nigeria.

"Our exploration campaign continues to deliver results, following the play opening discovery announced at OPL 310 offshore Nigeria, where further exploration drilling is ongoing. Elsewhere, we are continuing with exploration drilling and testing operations at the Ain Sifni PSC in Kurdistan.

"With high quality production underpinning both our strong financial position and exploration programme, we are well placed to realise numerous growth opportunities over the remainder of this year."

(Source: Afren)

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