Image: Drill Bit 15th Aug 2018 starting TLP-103 Spud (Anglo African O&G)
Share Talk spoke with David Sefton, Executive Chairman about the TLP-103 well (SMP-102 rig) which he says “is not wildcat exploration. It targets reservoirs that are already producing at Tilapia as well as a historical discovery in the deeper Mengo horizon.
Here are the six questions we asked David Sefton, Executive Chairman
- The TLP-103 well spudded today – congratulations – there has been a lot of hard work to get to this point, can you tell us a bit more about what the team have been working on?
- The Tilapia field has an excellent address – can you give us a bit more information about the region?
- TLP-103 has been described as a multi-horizon well can you explain what this means and also give us an overview of what the well is targeting?
- You’ve stated that TLP-103 has a highly attractive risk/reward tradeoff, can you explain a bit more about this?
- The well is expected to take 64 days to drill, when can we expect some more news flow?
- And finally, in the event of success, what are AAOG’s plans for further development of the Tilapia field?
Anglo African O&G (AIM:AAOG) Commencement of drilling at Tilapia oil field
Anglo African Oil & Gas plc, an independent oil and gas developer, is pleased to confirm that the TLP-103 well (‘TLP-103’ or ‘the Well’) on the Tilapia oil field (‘Tilapia’) spudded at approximately 12 p.m. on 15 August 2018. AAOG holds a 56% working interest in the producing Tilapia field, which is located in the prolific Lower Congo Basin in the Republic of the Congo.
TLP-103 will be drilled to an intended total depth of 2,700 metres with completion expected in 64 days.
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.
For further information please visit www.aaog.co
