StockMarketWire.com - Anglo African Oil & Gas said Thursday its LP-101 well had been brought back into production and was producing an average of 55 barrels of oil a day during a two week test period.

The LP-101 well, which had been producing around 30 barrels of oil per day, had been taken offline after the proximity of the flare was deemed to close to the drilling apparatus, but the flare had now been upgraded and relocated to enable production from TLP-101 to continue during drilling.

Studies of during the downtime by both the company and the specialist reservoir engineering company predict that using a water injection system could lead to a rise in production from TLP-101 to up to 400 barrels of oil a day .

'Following these tests, TLP-101 has been successfully brought back on line and at rates of production which are materially more than those at which that well has produced over recent years,' Anglo African said.

'The company is now obtaining estimates for the cost of this work and assessing the commercial viability of this project.'




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