Calgary, Alberta (FSCwire) - ACL International Ltd. (ACL:TSX-V) (“ACL”) announces that
drilling of the Amanah Timur-1 well at South Block A (“SBA”) has been delayed due to the earthquake in Aceh province on December
6th as well as heavy rainfall. The drilling rig and equipment have been affected by the recent earthquake and
the rainfall. The site and equipment are being inspected by our team and a new spud date will be set based on the team’s
findings. ACL, through its 75% holding in subsidiary Renco Elang Energy Pte. Ltd. (“REE”), holds a 44.23% working interest
in SBA.
ACL would like to offer its condolences to the families who lost their loved ones in the recent earthquake.
About ACL International Ltd.
ACL’s other Indonesian oil and gas assets include (a) 50% of Langsa TAC, an offshore field with gross production of 884 bopd;
and (b) 44.25% in South Block A PSC (“SBA”), an onshore block located in the North Sumatra Basin, which is one of the most
productive hydrocarbon regions in Indonesia with over 80 known oil and gas fields. ACL’s subsidiary Renco Elang Energy Pte.
Ltd. (“REE”) is the operator of SBA.
FOR FURTHER INFORMATION, PLEASE CONTACT:
ACL International Ltd.
Mohammad (Mo) Fazil, President and CEO
Telephone: +1 (403) 613-7310
Statements in this press release may contain forward-looking information including, operating costs, administrative costs,
acquisitions and dispositions, capital spending, access to credit facilities, income taxes, regulatory changes, and other
components of cash flow and earnings. Any statements that are contained in this press release that are not statements of
historical fact may be deemed to be forward looking statements. Forward-looking statements are often identified by terms such as
“may”, “should”, “anticipate”, “expects” and similar expressions. The reader is cautioned that assumptions used in the
preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to
differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many
of which are beyond the control of ACL. The reader is cautioned not to place undue reliance on any forward-looking information.
Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual
results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly
qualified by this cautionary statement.
The forward-looking statements contained in this press release are made as of the date of this press release, and ACL does not
undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of
new information, future events or otherwise, except as expressly required by securities law.
THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES
DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES
SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S.
PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/ACL12132016_0.pdf
Source: ACL International Ltd. (TSX Venture:ACL)
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