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Operations Update in Blocks 7 & 8 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.

The partners have opted to focus future exploration efforts on Blocks 7 and 8 that hold the El-Kuran oil discovery, and have relinquished Blocks 2 and 6. Work is ongoing to further interpret the prospectivity of Blocks 7 and 8 ahead of expected drilling in mid-2012.

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