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Operations Update in Ivory Coast for Q1 of 2012

Source: www.gulfoilandgas.com 1/23/2012, Location: Africa

Afren plc issues the following trading statement and operations update, in advance of the Company’s 2011 full year results which are scheduled for release on 27 March 2012. Information contained within this release is un-audited and is subject to further review.

Production at Block CI-11 averaged 3,200 boepd, with 600 boepd of NGL production at the Lion Gas Plant. Production levels were below expectations during the year, due to the impact of political and social unrest delaying the import of necessary equipment and resources required to conduct routine maintenance of the compressor unit in the first half of the year.

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