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Anglo African O&G - SNPC Costs Reimbursements

RNS Number : 8633M
Anglo African Oil & Gas PLC
19 September 2019

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


19 September 2019

ANGLO AFRICAN OIL & GAS plc ("AAOG" or the "Company")

SNPC Costs Reimbursements


Anglo African Oil & Gas plc (AIM: AAOG), an independent oil and gas developer, is pleased to provide an update on the repayment of funds owed to the Company by Société Nationale des Pétroles du Congo ('SNPC'), the Congolese national oil company, in regards to SNPC's 44 per cent holding in the Tilapia Licence ('the Licence') in the Republic of the Congo

The Company has received a further payment of US$600,000 from SNPC, which brings the total funds received in 2019 to US$3.956 million.  

Market Abuse Regulation (MAR) Disclosure

The information contained within this announcement is deemed by the Company to constitute inside information for the purposes of the Market Abuse Regulation (EU) No. 596/2014.  Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.


For further information please visit www.aaog.com or contact:


Anglo African Oil & Gas plc

Tel: c/o St Brides Partners +44 20 7236 1177

James Berwick, Chief Executive Officer

finnCap Ltd (Nominated Adviser and Broker)

Tel: +44 20 7220 0500

Christopher Raggett, Giles Rolls, Teddy Whiley (Corporate Finance)

Camille Gochez (ECM)

St Brides Partners (Financial PR)

Tel: +44 20 7236 1177

Frank Buhagiar, Juliet Earl


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Quick facts: Anglo African Oil & Gas PLC

Price: 0.225

Market: AIM
Market Cap: £919.73 k

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