LGO is pleased to provide a further update on its plans to recommence production drilling at the Goudron Field in Trinidad following its announcement of 21 December 2016.
The Company's local operating subsidiary, Goudron E&P Limited ("GEPL"), has received approval from the Petroleum Company of Trinidad and Tobago ("Petrotrin") and the Ministry of Energy and Energy Industries ("MEEI") for the first of its planned Mayaro Sandstone infill wells, currently designated H18E G11(5). �That well will be drilled vertically to a total depth of 1,250 feet and is expected to intersect the Mayaro Sandstone oil pay between 650 and 1,050 feet.�
GEPL has awarded a drilling contract to Trinidad specialist drilling contractor Sadhna Petroleum Services Company Limited ("Sadhna") for the drilling for two firm and a number of optional wells on a turnkey drilling basis using a small footprint conventional (rotary table) drilling rig.� Site preparation will be conducted by Sadhna and will commence as soon as practical, after which rig mobilisation and drilling are anticipated to commence without delay.� Individual wells are expected to take about 14 days to drill and complete for immediate production.
Celtic, I hate to call you out but RRSDL did not drill for LGO – please get your facts right.
You have no evidence to support your assertions over RRSDL. I, for one, am hugely concerned over the future. Workover does raise some valid concerns based on reported facts. Your view appears to be rose tinted and I am concerned that we are potentially all looking to lose money as it stands.
The BOD have to pull the rabbit out of the hat, I personally do not think they can do it, but I am locked in until we come out of suspension… if we do.
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