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Lgo Energy Share Chat (LGO)



Share Price: 4.00Bid: 3.95Ask: 4.05Change: -0.05 (-1.23%)Faller - Lgo Energy
Spread: 0.10Spread as %: 2.53%Open: 4.05High: 4.05Low: 3.875Yesterday’s Close: 4.05


Share Discussion for Lgo Energy (LGO)


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onceatrader
Posts: 2,851
Premium Chat Member
Answer
Opinion:No Opinion
Price:4.20
View Thread (12)
RE: RNS
Mon 07:40
That is my thoughts as well, both of these should be bottom numbers of 150bopd, so we should see a further 300bopd odd bolted on to production before year end.

''The total Trinidad production has now exceeded 1,000 barrels of oil for the first time with further significant increases expected at year end with further well optimization work on Pad-2 and the completions of wells GY-669 to 671 on Pad-3.''
 
JStav
Posts: 160
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:4.20
GY664
Mon 07:39
Anyone notice the RNS states 664 is currently being reassessed. Is this normal as it's been running for a while or are they looking at doing further optimisation/flow restriction on that also?

Brilliant news this morning.
blanklook
Posts: 159
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Price:4.20
View Thread (12)
RE: RNS
Mon 07:38
John / Onceatrader,

If Pad 2 is now producing 580 bopd, can we assume that 666 & 668 are not producing anything at all in relation to these numbers? I have 665 at 250 bopd(which I assume is now 230) and 667 at 350 ... which equals 580 bopd.

To me that would indicate that 666 & 668 are currently not producing?

Cheers for any insight you can offer into these figures.

BL.
substp
Posts: 2,165
Observation
Opinion:No Opinion
Price:4.20
..
Mon 07:36
I believe Pete 424 to be right. 667 was stronger than I thought but the other 3 were lower. The open hole production rate was only around 300 on two of them to begin with....... still optimising though.... :-)
JStav
Posts: 160
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:4.20
664
Mon 07:36
Anyone notice the RNS states 664 is currently being reassessed. Is this normal as it's been running for a while or are they looking at doing further optimisation/flow restriction on that also?

Brilliant news this morning.
beatrootjuice
Posts: 1,503
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Price:4.20
View Thread (2)
RE: lgo energy
Mon 07:33
'tis the pattern of LGO, most good rns's and let's face it, there aren't many bad ones, are usually accompanied by a drop in sp. Got the funds to take advantage?
onceatrader
Posts: 2,851
Premium Chat Member
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Price:4.20
View Thread (12)
RE: RNS
Mon 07:32
Sorry, half asleep this morning.

GY-664 160bopd

GY-665 - 668 580bopd

That is 740bopd from Pad 1+2 but with a further uplift from GY-666 and GY-668 due before the end of the year.

Goudron work over wells 350bopd
Spain 153bopd
Icacos 35bopd

Total group is 1278bopd TODAY.

Anyone notice the open hold flow of GY-667 at 1030bopd. and running at 580bopd for 24 hours. Now that is some big numbers, and bodes well for non decline rates for a long time.

I also see LACT is now accelerated to Q1 2015, instead of mid 2015. And 5,000 sales tank would have us at a total sales tank facility's of 8450 barrels.

What s great way to start the week.

Best regards

John
Knoxxy
Posts: 377
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Price:4.20
Petel424
Mon 07:31
Just shut up mate, your such a moaning chap!! Sell up and jogg on!!!!! Ffs.
bigbaldy1980
Posts: 4,532
Premium Chat Member
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Price:4.20
View Thread (5)
RE: Geological question
Mon 07:31
Lots of pressure so It flows well
berniemadoff
Posts: 6,484
Observation
Opinion:No Opinion
Price:4.20
580bopd
Mon 07:31
And wells on pad 2 still not fully optimised. I think we will get a post optimisation return of 700-800bopd from Pad 2. I
Happier this morning knowing that we have numbers for all the pad 2 wells.



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