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African Petroleum Pens Drilling Contract with Ocean Rig

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African Petroleum Corporation Limited has signed a contract with Ocean Rig UDW, for a two well program with the option for a third well, to continue its drilling program in Blocks 8 & 9, Liberia West Africa, and within the Company's other West Africa blocks. The program will be completed using the drilling rig Eirik Raude (UDW semisub) and it is expected to commence operations in 3Q or 4Q 2012.

African Petroleum's contracting of the Eirik Raude demonstrates the Company's ability to secure deep water drilling rigs in a very tight rig market and ensures that it can deliver its extensive exploration program.

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