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Anglo African Oil & Gas prepares for drilling at Congo's Tilapia

Re-entry preparations have begun to prepare for side-track drilling, with negotiations underway with operators of two rigs

Anglo African Oil & Gas PLC - drilling preparations in Congo underway
Preparations are using wireline equipment, which is more cost effective

Anglo African Oil & Gas PLC (LON:AAOG) is looking to book a drilling slot for November for Tilapia in the Republic of Congo as it begins for re-entry using wireline tools.

The re-entry preparations are to prepare for drilling the TLP-103C side-track. Directors are negotiating with operators of two rigs elsewhere in Congo Republic about securing a potential drilling slot.

Engineers at Tilapia have begun work to stabilise the well prior to re-entry and a contractor is being engaged to provide an isolation plug that will enable re-entry.

The installation of an isolation plug is a rig-less operation, which Anglo African said, "provides the most cost-effective solution".

Shares in the company were up 8% to 3.9p on Wednesday.

Quick facts: Anglo African Oil & Gas PLC

Price: 0.2515 GBX

Market: AIM
Market Cap: £1.03 m


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