11 Sep 2019 08:00
Anglo African Oil & Gas PLC / Index: AIM / Epic: AAOG / Sector: Oil & Gas
ANGLO AFRICAN OIL & GAS PLC (the 'Company')
Commencement of Well Re-entry Operations on TLP-103CST
Anglo African Oil & Gas plc, an independent oil and gas developer, is pleased to announce that well re-entry operations have now commenced at the Tilapia site in Pointe Noire in preparation for drilling the TLP-103C side track, nominated TLP-103CST.
Engineers on site have commenced work to stabilise the well prior to re-entry and the Company has also contracted Wire-Group to supply and install an Isolation Plug which is required to ensure the Company has the necessary barriers in the well and which will enable re-entry. The installation of the Isolation Plug is a rig-less operation, which provides the most cost-effective solution, utilising wireline services from Wire-Group. The isolation plug will be set in preparation for removal of the completion tree which will be replaced by subsurface apparatus more appropriate for drilling and to allow installation of the blow-out preventers ahead of the rig arriving on location.
The Company's management continue discussions with the operators of two potential rigs, both currently situated in the Republic of the Congo, with a view to securing a drilling slot during November.
Anglo African Oil & Gas plc | Tel: c/o St Brides Partners +44 20 7236 1177 |
David Sefton, Executive Chairman | |
James Berwick, Chief Executive Officer | |
finnCap Ltd (Nominated Adviser and Broker) |
Tel: +44 20 7220 0500 |
Christopher Raggett, Giles Rolls, Teddy Whiley (Corporate Finance) | |
Camille Gochez (ECM)
| |
St Brides Partners (Financial PR) | Tel: +44 20 7236 1177 |
Frank Buhagiar, Hugo de Salis |