Attis Oil and Gas Ltd (LON:AOGL) Update on timing of Technical Studies

Attis Oil and Gas Ltd (AIM: AOGL), the AIM-listed oil and gas company announces that, further to its announcement of 11 July 2019, our independent petroleum consultants have completed preliminary reserve reports for the Zink Ranch and Austin fields.

These will now be reviewed by a third party geologist who has been engaged by the Company to assess the study and determine further additional undeveloped potential.

Work is also now underway in respect of the assessment of the Fort Worth Field. Once this process is complete the Company will look to publish this report which, whilst not being in the form of a Competent Persons’ Report (a CPR) as previously indicated, is expected to be prepared in a form as required under the AIM Rules for Mining and Oil & Gas Companies.

Thom Board, Attis COO said; “The Company continues to appraise the existing assets to maximise potential. The subsurface work currently being undertaken should provide an independent assessment of our producing formations, and, future options.

Aside from the ongoing desktop studies, the Company continues to maximise production across the portfolio and expects to update the market further at the time of the reserve updates.”

 


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