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LONDON (Alliance News) - Leni Gas & Oil PLC Monday said its GY-665 well at the Goudron Field in Trinidad has now intersected 687 feet of gross oil bearing sands in its primary target, the Gros Morne formation, and the company has decided to shorten the planned total depth of the well. The o
Read moreLONDON (Alliance News) - Octagonal PLC saw its shares jump Thursday morning after it said David Lenigas, Executive Director of Leni Gas and Oil PLC, Rare Earth Minerals PLC, and other AIM-listed companies, has been appointed to the board as a non-executive Director. The investment company's
Read moreLONDON (Alliance News) - Tesco Wednesday reported a sharp drop in sales in the first quarter of its financial year, as Britain's biggest supermarket chain said it was hit hard by deep price cuts across the business and by the acceleration of its store refit programme, while wa
Read moreLONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Wednesday.
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FTSE 100 - WINNERS
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Smith & Nephew, up 1.8%. The medical technology company is once again t
Leni Gas & Oil (LGO) has ended its negotiations with Pansoinco over a possible partnership on its oil and gas assets located in Northern Spain. The group added that it had also stopped looking for any other interest, explaining that its plans for the assets include the anticipated award of a produ
Read moreLONDON (Alliance News) - Leni Gas and Oil PLC said Wednesday that it has terminated negotiations with Pansoinco s.r.l. over a possible partnership in LGO's oil and gas assets located in Northern Spain. LGO said that it is no longer actively seeking further expressions of interest in the par
Read moreLONDON (Alliance News) - Shares in Leni Gas & Oil PLC rose Tuesday, after it said it has completed the full equity swap agreement with YA Global Master SPV Ltd, which it said has now agreed to provide a total of GBP1.4 million in cash funding. In a statement, the company said that as a resu
Read moreLONDON (Alliance News) - Leni Gas & Oil PLC Tuesday said it has successfully cased and logged to the first casing point on its GY-665 well in the Goudron Field, Trinidad, and reports have shown a net oil region in the Goudron sands formation. The oil and gas exploration and development comp
Read moreLONDON (Alliance News) - GlaxoSmithKline has signed a collaboration and licensing agreement with UK-based biotechnology company Adaptimmune Ltd for its cancer programme, a move that comes just weeks after it agreed to sell its own cancer drug business to Novartis as part of a
Read moreLONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Monday.
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FTSE 100 - WINNERS
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Anglo American, up 1.9%, Rio Tinto, up 1.7%, Glencore, up 1.4
Leni Gas & Oil saw its shares charge higher on Monday morning after announcing its GY-664 well at the Goudron site has been successfully brought on production and was free flowing at a rate of 240 barrels of oil per day under its own pressure. The second development well, GY-665, which has an anti
Read moreLONDON (Alliance News) - Leni Gas & Oil PLC Monday said its GY-664 well in the Goudron Field, Trinidad, was brought into production on Friday and has now stabilised at a strong rate of 240 barrels of oil per day, while drilling at its GY-665 well has already found a region of oil-bearing sand.Read more
Leni Gas & Oil shares climbed after GY-665, the second of its Goudron development wells, began drilling on May 27th. The drilling is testing the Goudron, Gros Morne and Lower Cruse sandstones, which are known to be productive for oil in offset wells. Three further wells will be be deviated from
Read moreLONDON (Alliance News) - Leni Gas & Oil PLC Wednesday said the second of its Goudron development wells, GY-665, has been successfully started and drilling is progressing. In a statement, the oil and gas exploration and development company said the well is planned to test Goudron, Gros Morne
Read moreLONDON (Alliance News) - Leni Gas & Oil PLC said Tuesday that it expects to bring its GY-664 well in the Goudron Field, Trinidad, into production by the end of the week, and it expects its next deep well GY-665 to spud shortly. The well is the first of 30 planned wells under the company's n
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