Anglo African Oil & Gas PLC Pre-spud Ceremony
August 13 2018 - 5:35AM
RNS Non-Regulatory
TIDMAAOG
Anglo African Oil & Gas PLC
13 August 2018
Anglo African Oil & Gas PLC / Index: AIM / Epic: AAOG /
Sector: Oil & Gas
13 August 2018
ANGLO AFRICAN OIL & GAS PLC
('AAOG' or the 'Company')
Pre-spud Ceremony
Anglo African Oil & Gas plc, an independent oil and gas
developer, is pleased to announce that Chief Executive Officer,
James Berwick, hosted a ceremony on Saturday 11 August at the
Company's Tilapia licence in the Republic of Congo ahead of the
planned spud of the potentially transformational TLP-103 well.
Over 300 guests attended the ceremony, including the Director to
the Minister of Hydrocarbons, the Director General of Hydrocarbons
('DGH'), dignitaries from all government offices including the
Director General of the Environment, representatives from AAOG's
partner Société Nationale des Pétroles du Congo, as well as local
village elders and members of the Company's operational team on the
ground.
The ceremony follows the timely completion of the set-up of the
SMP-102 rig which has been contracted to drill the TLP-103 well.
Pre-drill rig inspections are underway by both an international rig
inspection company contracted by AAOG and drilling contractor SMP
Drilling. Drilling operations remain on schedule to commence on the
15 August 2018 and are expected to take 64 days to complete.
James Berwick, Chief Executive Officer, commented "It has been a
pleasure to welcome guests from the government, our partners and
local dignitaries to celebrate the hard work and dedication of our
team during these past months. It has been an incredible show of
strength from all involved which has culminated in setting a spud
date for the TLP-103 well earlier than originally anticipated. I
look forward to validating the hard work that has gone towards
getting to this point and updating the market on spud.
"Looking ahead, I am encouraged by the relationships that we
have built with local parties and was particularly pleased to see
the Director to the Minister of Hydrocarbons and the DGH in
attendance. Their presence was an extremely positive indicator of
local attitudes towards our operations."
**ENDS**
For further information please visit www.aaog.co or contact:
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, Anthony Adams
(Corporate Finance)
Camille Gochez (Corporate Broking)
St Brides Partners (Financial PR) Tel: +44 20 7236
1177
Frank Buhagiar, Juliet Earl
Notes to Editors
Anglo African Oil & Gas (AAOG) is an AIM-listed independent
oil and gas company that owns a 56% stake in the producing Tilapia
oil field in the Republic of the Congo. The Company boasts a
low-cost production story in a prolific hydrocarbon region with
significant exploration upside, differentiating it substantially
from its E&P peers. Additionally, management's remuneration is
tied to hitting production milestones, reflecting their strong
focus on cost control.
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END
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