Small cap Anglo African Oil & Gas hit oil on a new reservoir in the Congo – but has failed to achieve flow.
The independent oil and gas developer said testing of its R2 reservoir in well TLP-102 has confirmed the presence of hydrocarbons and pressure within the reservoir.
The company has reperforated the well but without achieving flow.
The firm are to evaluate the well data accumulated during the perforation to determine the best solution and identify further stimulation techniques with the intention of bringing this well into production.
The next stage of the fully-funded work programme is for the company to drill a new multi horizon well at TLP-103 in the R1 Mengo sands which will also test the deeper Djeno sands.
In the meantime, initial steps to optimise production from TLP-101ST have increased the flow rate of this well by 40 per cent., from approximately 32 bopd to approximately 45 bopd.
AAOG will shortly be seeking to further optimise the flow rate of TLP-101ST by the application of more advanced stimulation techniques.
