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AAOG: operational update

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Oilfield Technology,

AAOG has provided an update in relation to its TLP-103C well at the company's Tilapia licence.

The company intersected the R1, R2 and R3 horizons on Saturday 15 December. Hydrocarbons were encountered in these horizons as prognosed and in line with the company's geological model.

The R1 was intersected at 1273.3 mMD and formed of claystone and siltstone. The R2 was intersected at 1283 mMD and was formed of sandstone and the R3 was intersected at 1303 mMD and was formed of claystone, dolomite and siltstone.

The company will continue drilling towards the next target horizon, the Mengo. Once the Mengo horizon has been drilled through, the company will complete a full suite of Schlumberger wireline logging to fully evaluate the properties of both targets.

AAOG Executive Chairman, David Sefton, said: "Encountering hydrocarbons at the first target is a major and long-awaited milestone for the company. The confirmation of the geological model and initial results from these targets also provide increased confidence as to the expected results from the next target horizon.”

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