New Well-Drilling Programme in Turkmenistan

Graphene NanoChem PLC

("Graphene NanoChem" or the "Group")

New Well-Drilling Programme in Turkmenistan

Graphene NanoChem (AIM:GRPH) is pleased to announce a significant milestone of its product rollout plan with the award of a trial well by a leading Middle Eastern oil company as part of the phase 1 deployment of its Water-based Drilling Additive in Turkmenistan under Scomi Oiltools' current 3 year onshore drilling contract.

The Water-based Drilling Additive, which provides superior performance in reducing torque and drag and enhances rate of penetration in drilling will be used by Scomi Oiltools as part of the key formulation of their new High Performance Water-based Mud technology, HyperDrill System. The Water-based Drilling Additive, specifically formulated for a deviated horizontal well drilling, is seen as the ideal solution to overcome the challenging conditions of the deviated wells developed by Scomi Oiltools under the said contract.

This trial well phase will form part of the drilling programme for a targeted deployment into an additional 8 - 10 wells in phase 2 before the end of 2015.

Scomi Oiltools is also expecting to participate in a new tender to be issued by the aforementioned leading Middle Eastern oil company in Q4 2015 for the 2016 - 2019 drilling programme in Turkmenistan using the HyperDrill System.

Jespal Deol, Chief Executive Officer of Graphene NanoChem, commented: "This latest development is testament to the growing recognition in the industry of the value proposition of the Group's solutions and consequent optimisation and reduction of cost in drilling and oil recovery programmes as we continue to convert pipelines into revenues.

Meanwhile as announced in June, the Group is continuing its financial restructuring exercise including negotiating with its current finance providers to convert near term liabilities into longer term debt as well as prepare for its fund raising exercise, to ensure a well-capitalised position for the Group during its market development phase.

The Group will update the market on the progress of the above corporate exercise accordingly."

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About Graphene NanoChem

Graphene Nanochem plc is a technology commercialisation company that operates two commercial platforms, the Advanced Chemicals platform that manufactures renewable chemical products for high growth sectors and the Advanced Materials platform that focuses on graphene nanomaterials applications for selected industries targeting high performance use.

Headquartered in Malaysia, Graphene Nanochem was admitted to the AIM of the London Stock Exchange on 26 March 2013, following the reverse acquisition of Biofutures International plc, and trades under the symbol GRPH.L.

To find out more, please visit www.graphenenanochem.com.