* First hydrocarbon Nigeria has today announced the acquisition of an interest
in oml 26 in Nigeria
* Reaching of agreements with shell petroleum development company of Nigeria,
total e&p Nigeria for oml 26
* Fhn26 limited, a subsidiary of first hydrocarbon Nigeria (together 'fhn') has
acquired a 45% interest in oml 26
* Oml 26 includes two producing and three proved undeveloped assets with
significant exploration upside
* Oml 26 independently certified recoverable reserves and contingent resources
of 184 mmbbls
* Oml 26 additional exploration potential of 615 mmboe gross unrisked
prospective resources
* Fhn make a net investment of US$187.5 million in oml 26 includes acquisition
cost and fhn's share of development
* Afren has agreed terms with bnp paribas for a US$130 million credit facility
towards the acquisition cost
((London Equities Newsroom; +44 20 7542 7717))
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