Anglo African Oil & Gas plc: Operational Update for TLP-103 Well

Tuesday 20 March 2018

Anglo African Oil & Gas plc, an independent oil and gas developer, announced that Petro Kouilou, its 100% owned subsidiary in the Republic of the Congo, has finalised a contract with leading oil services company Schlumberger Limited to supply support services for the drilling of the new TLP-103 well on its 56% owned Tilapia oil field in the prolific Lower Congo Basin. Drilling operations at TLP-103 are planned to commence in June 2018.

The services covered by this agreement are:

- Mud logging services

- Wire Line

- Drilling & completion fluids & WBCO

- Casing accessories

- Cementing services

- Drilling bits

- Casing liner hanger

- Completion BHA components

- TCP (perforating guns)

- Completion equipment and qualified completion engineers

- DST operations.

This comprehensive agreement ensures that the Company has now secured all the auxiliary personnel and services necessary to complete the drilling of TLP-103, a new multi-horizon well which, in addition to targeting producing reservoirs and an 8.1m barrel gross contingent resource discovery, will test a deeper prospect which has been assigned 58.4m barrels of gross prospective resources.

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