Commencement of Well Re-entry Operations

Anglo African Oil & Gas PLC / Index: AIM / Epic: AAOG / Sector: Oil & Gas

ANGLO AFRICAN OIL & GAS PLC (the 'Company')

Commencement of Well Re-entry Operations on TLP-103CST

Anglo African Oil & Gas plc, an independent oil and gas developer, is pleased to announce that well re-entry operations have now commenced at the Tilapia site in Pointe Noire in preparation for drilling the TLP-103C side track, nominated TLP-103CST.

Engineers on site have commenced work to stabilise the well prior to re-entry and the Company has also contracted Wire-Group to supply and install an Isolation Plug which is required to ensure the Company has the necessary barriers in the well and which will enable re-entry. The installation of the Isolation Plug is a rig-less operation, which provides the most cost-effective solution, utilising wireline services from Wire-Group. The isolation plug will be set in preparation for removal of the completion tree which will be replaced by subsurface apparatus more appropriate for drilling and to allow installation of the blow-out preventers ahead of the rig arriving on location.

The Company's management continue discussions with the operators of two potential rigs, both currently situated in the Republic of the Congo, with a view to securing a drilling slot during November.