5.2 bn resource est. aoi rns 9.14 et toronto

As per extract from AOI RNS today:

"In connection with the Transaction, Africa Oil is pleased to announce the results of an independent evaluation of the prospective resources held by Canmex in the Dharoor Valley and Nugaal Valley Blocks in Puntland (Somalia) (?Resource Report?). The Resource Report, effective June 30, 2011, was prepared for Denovo by Petrotech Engineering Ltd. (?Petrotech?) and in accordance with the current guidelines outlined in the Canadian Oil and Gas Evaluation Handbook and National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities. A copy of the Resource Report may also be found under Denovo?s profile on SEDAR.

The Resource Report indicates that gross best estimate prospective resource in the Dharoor Valley and Nugaal Valley Blocks, including both prospects and leads, are in excess of 5.2 billion barrels of oil.

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