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AAOG says latest Tilapia report backs up plan to produce from TLP-103C well

"This report supports our view that we can achieve the company's original and primary goal of producing oil from the Djeno.”

oil and gas operations
It is the latest positive analysis of the well

Anglo African Oil & Gas PLC (LON:AOG) has had its confidence reaffirmed by the latest report to assess the results of the TLP-103C well, at the Tilapia field in the Republic of the Congo.

The report was penned by Havoc Partners LLP, a group of geoscientists in Australia, which reviewed the interpretations made in previous reports by Schlumberger and Nutech.

WATCH: Anglo African Oil & Gas approaching key milestones at Tilapia

Havoc noted that "both reports have concluded that reservoir quality is between good and excellent, which supports a commercial decision to implement a plan to seek to produce from the Djeno [reservoir]."

AAOG meanwhile told investors that it is now developing a plan to produce from the Djeno reservoir through a re-entry of the TLP-103C well.

"This report supports our view that we can achieve the company's original and primary goal of producing oil from the Djeno,” said executive chairman David Sefton.

“The team is finalising the operational logistics to achieve this and we intend rapidly to implement the production plan."

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