Continental Focus, International Reach

Wireline Logging Confirms Congo Discoveries

Wednesday, January 9, 2019

Schlumberger completed wireline logging n Anglo African Oil & Gas’ (AAOG) TLP-103C well on the Tilapia field in the ROC. The wireline logging confirmed multiple discoveries on the Tilapia license.

AAOG said that the wireline logging validates the initial results identified during drilling the targeted R1/R2/R3 and the Mengo reservoirs and confirms oil columns amounting to an aggregate of 44 meters across the identified horizons.

The company will now resume drilling operations at TLP-103C, targeting the deeper Djeno horizon which is known to be a prolific producer on neighboring fields.

David Sefton, Executive Chairman of AAOG, said, “The confirmation of a combined 44 meters of oil columns across multiple horizons, including the discovery of additional reservoirs is a fantastic result for the Company and exceeds our expectations.  Subject to the results of flow testing, the well has the potential to provide AAOG with a major step-up in production and cashflow and marks an excellent start to the Tilapia field development program. Furthermore, with the geological model proven we look forward to the resumption of drilling at TLP-103C targeting the deeper Djeno horizon, which based on the production rates achieved from this reservoir on neighboring fields, has the potential to be truly transformational for AAOG.

“With operations on-going and the resumption in production at well TLP-101, which is estimated to have the ability with water injection to produce up to 400 bpd, these are exciting times for the company and the Board believes AAOG is on track to become the highly cash generative oil and gas company we set out to build.  Finally, based on the success of this well thus far, we will, in the near future, commission work to update the company’s estimates of reserves.”