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Anglo African Oil & Gas eyes upgrade to production as TLP-101 well restarts

Anglo African Oil & Gas PLC (LON:AAOG) tells Proactive London how it has reinstated production from the TLP-101 well at the Tilapia field, as operations on the new TLP-103 well continue. Executive Chairman David Sefton looks like the cat that got the cream as he enthuses about tjhis morning's RNS and the 'oil columns turning out to be a lot better than any of us expected' but he refuses to give too much detail, leaving investors waiting until Monday before the official RNS is released. News here too on the wireline results for 103.
Sefton explains that TLP-101 had been producing around 30 barrels of oil per day before the TLP-103 programme got underway, but, production had to be paused due to the proximity of the gas flare to drilling apparatus.

 

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