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Further Contract for Oil Services Division

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RNS Number : 3173K
Attis Oil and Gas Ltd
28 August 2019
 

Attis Oil & Gas Ltd / Index: AIM / Epic: AOGL/ ISIN: VGG6622A1057 / Sector: Oil and Gas

 

28 August 2019

Attis Oil & Gas Ltd ('the Company')

Further Contract for Oil Services Division

 

Attis Oil and Gas Ltd (AIM: AOGL), the AIM listed oil and gas company, is pleased to announce it has secured its third oilfield service contract, providing regulatory testing and reporting services for 825 wells in the Texas Panhandle, bringing the total wells now under contract, with three separate operating companies, to 1,812.

 

The contract with Large Operating LLC was signed through Attis' 100% US subsidiary, Attis Oilfield Services LLC ('AOS') and is part of the Company's on-going strategy to build its oil services division to build revenue and complement its existing oil and gas production operations in the United States.  In order to assist with the field testing and submission of reports to the contracted parties and the Texas Railroad Commission, AOS has expanded its Borger, Texas office personnel with the appointment of a dedicated manager.

 

Thom Board, Attis COO said, "We are gaining a strong reputation for our oilfield services capabilities and this latest contract award both increases our well count by 45% and again endorses our operating ability.  The Borger team has been expanded to deliver the increasing number of third-party contracts, in tandem with strengthening our own in-house capabilities.  Importantly, the service division continues to expand Attis' revenues through diversification of its in-house resources." 

 

**ENDS**

 

For further information visit www.attisog.com or contact the following:

 

Charlie Wood

Attis Oil & Gas Ltd

+44 20 7236 1177

Roland Cornish

Beaumont Cornish Ltd

+44 20 7628 3396

James Biddle

Beaumont Cornish Ltd

+44 20 7628 3396

Frank Buhagiar

St Brides Partners Limited

+44 20 7236 1177

Gaby Jenner

St Brides Partners Limited

+44 20 7236 1177

Colin Rowbury

Novum Securities Limited

+44 20 7399 9400

 

About Us

Attis Oil & Gas Ltd is an AIM-traded (London Stock Exchange) North American-based energy company.  It is actively pursuing a primary recovery oil strategy focused on re-stimulating wells within mature producing basins with immediate cash flow from projects that are shallow, low risk with low levels of capex and infrastructure already in place.   Attis is also seeking to develop new drill opportunities within both existing & new acreage.

 

Technical Sign Off:

All of the technical information, including information in relation to reserves and resources that is contained in this announcement has been reviewed by, Mr Thom Board.   Mr Board is a member of the Society of Petroleum Engineers who is a suitably qualified person with over 24 years' experience operating and developing oil and gas assets.  Mr Board has reviewed the release and consents to the inclusion of the technical information.

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: Attis Oil & Gas

Price: 0.0625

Market: AIM
Market Cap: £2.42 m
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