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Anglo African Oil and Gas (AAOG)
Proselenes - 11 Jun 2018 08:17
Broker Note : https://goo.gl/qvQrFR
Web Site : HTTP://www.aaog.co/
Will be interesting to watch this one as the drilling starts very soon.
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Web Site : HTTP://www.aaog.co/
Will be interesting to watch this one as the drilling starts very soon.
.
Proselenes - 29 Aug 2018 13:23 - 21 of 33
Proselenes - 30 Aug 2018 14:58 - 22 of 33
Proselenes - 05 Sep 2018 07:05 - 23 of 33
Some delays now :
HTTPS://www.investegate.co.uk/anglo-african-o--38-g--aaog-/rns/temporary-suspension-of-drilling-at-tilapia-field/201809050700107714Z/
ANGLO AFRICAN OIL & GAS PLC ('AAOG' or the 'Company')
Temporary suspension of drilling TLP-103 at Tilapia oil field
Anglo African Oil & Gas plc, an independent oil and gas developer, announces that the Company has been informed by its drilling contractor, SMP, that they have experienced a topside issue that has affected the rig. As a result, the Company has taken the decision to temporarily suspend drilling TLP-103 while a specialist review of the various solutions is undertaken. The Company is working to determine the optimum solution with a view to restricting any delay to a matter of weeks. A further announcement will be made in due course. In the meantime, the Company is putting in place contingencies which aim to recover the costs related to this and/or cover any cost overruns.
**ENDS**
HTTPS://www.investegate.co.uk/anglo-african-o--38-g--aaog-/rns/temporary-suspension-of-drilling-at-tilapia-field/201809050700107714Z/
ANGLO AFRICAN OIL & GAS PLC ('AAOG' or the 'Company')
Temporary suspension of drilling TLP-103 at Tilapia oil field
Anglo African Oil & Gas plc, an independent oil and gas developer, announces that the Company has been informed by its drilling contractor, SMP, that they have experienced a topside issue that has affected the rig. As a result, the Company has taken the decision to temporarily suspend drilling TLP-103 while a specialist review of the various solutions is undertaken. The Company is working to determine the optimum solution with a view to restricting any delay to a matter of weeks. A further announcement will be made in due course. In the meantime, the Company is putting in place contingencies which aim to recover the costs related to this and/or cover any cost overruns.
**ENDS**
Proselenes - 07 Sep 2018 07:06 - 24 of 33
Re-spud
HTTPS://www.investegate.co.uk/anglo-african-o--38-g--aaog-/rns/update-on-tlp-103-well-on-tilapia-field/201809070700030620A/
ANGLO AFRICAN OIL & GAS PLC ('AAOG' or the 'Company')
Update on TLP 103 well on Tilapia field
Anglo African Oil & Gas plc, the independent oil and gas developer, provides the following update on the TLP 103 well and also details of a forward plan to minimise disruption to the drilling programme at the Tilapia field in the Republic of the Congo.
On 15 August 2018, the TLP 103 appraisal well was spudded using the SMP 102 drilling rig. Whilst drilling through the shallow section a number of drilling challenges were encountered, caused by localised geological conditions, which resulted in ground movement that impacted the safe operation of the rig. Initial inspections show no damage to the rig. The events occurred before the well had reached any of the target horizons. After a number of attempts to overcome this problem it was jointly decided by SMP (the drilling contractor) and AAOG to cease drilling, abandon the current location and move the rig 100 metres to the north west and re-spud the well. The process to prepare the new location, move the rig and re-spud the TLP 103 well is expected to take approximately 25 days. Following the re-spud it is expected that drilling will take 64 days to complete.
In addition to contingencies in the drilling budget and potential offsets and claims under insurance policies, the Company has available to it offers of debt finance sufficient to meet any cost overruns due to the delay and need to re-spud.
The Company remains committed to drilling TLP-103.
HTTPS://www.investegate.co.uk/anglo-african-o--38-g--aaog-/rns/update-on-tlp-103-well-on-tilapia-field/201809070700030620A/
ANGLO AFRICAN OIL & GAS PLC ('AAOG' or the 'Company')
Update on TLP 103 well on Tilapia field
Anglo African Oil & Gas plc, the independent oil and gas developer, provides the following update on the TLP 103 well and also details of a forward plan to minimise disruption to the drilling programme at the Tilapia field in the Republic of the Congo.
On 15 August 2018, the TLP 103 appraisal well was spudded using the SMP 102 drilling rig. Whilst drilling through the shallow section a number of drilling challenges were encountered, caused by localised geological conditions, which resulted in ground movement that impacted the safe operation of the rig. Initial inspections show no damage to the rig. The events occurred before the well had reached any of the target horizons. After a number of attempts to overcome this problem it was jointly decided by SMP (the drilling contractor) and AAOG to cease drilling, abandon the current location and move the rig 100 metres to the north west and re-spud the well. The process to prepare the new location, move the rig and re-spud the TLP 103 well is expected to take approximately 25 days. Following the re-spud it is expected that drilling will take 64 days to complete.
In addition to contingencies in the drilling budget and potential offsets and claims under insurance policies, the Company has available to it offers of debt finance sufficient to meet any cost overruns due to the delay and need to re-spud.
The Company remains committed to drilling TLP-103.
Proselenes - 12 Sep 2018 05:43 - 25 of 33
In case anyone has not listened to it, podcast from yesterday, 11th Sept.
HTTPS://www.voxmarkets.co.uk/articles/anglo-african-oil-gas-block-energy-toople-53f8721
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HTTPS://www.voxmarkets.co.uk/articles/anglo-african-oil-gas-block-energy-toople-53f8721
.
Proselenes - 18 Sep 2018 13:51 - 26 of 33
Proselenes - 22 Sep 2018 18:28 - 27 of 33
Should be drilling again soon.
Proselenes - 01 Oct 2018 14:00 - 28 of 33
Proselenes - 19 Oct 2018 10:14 - 29 of 33
Excitement builds again. They are through the problem zone already.
Proselenes - 19 Oct 2018 10:32 - 30 of 33
This is the "news" - good news on the license coming it seems.
Proselenes - 22 Oct 2018 13:14 - 31 of 33
Proselenes - 24 Oct 2018 03:22 - 32 of 33
New drilling schedule estimate :
Proselenes - 20 Jan 2019 00:42 - 33 of 33
Big week for AAOG.
Already struck oil in the earlier zones and now........its the DJENO up very soon.
If this strikes oil or gas then its massive for AAOG.
And if not, then its a big disappointment.
Going to be a fun week ahead.
Already struck oil in the earlier zones and now........its the DJENO up very soon.
If this strikes oil or gas then its massive for AAOG.
And if not, then its a big disappointment.
Going to be a fun week ahead.
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