JDZ Block 1

JDZ Block 1
Afren holds a 4.41% net working interest in the JDZ Block-1 exploration licence through a 49% equity interest in Dangote Energy Equity Resources Limited.  The Obo-1 well was drilled early in 2006, and discovered both oil and gas with a total of 150 ft of net pay.

Operations Update
Technical studies are ongoing on Block 1 prior to further drilling.  Exploration drilling on the adjacent Blocks 2, 3 and 4 is expected in 2009 and further drilling on Block 1 will, most likely, commence after the neighbouring drilling activity has been completed.  We are currently moving into the next license phase on the Block.