LGO.L Share News (LGO)

Mediterranean Oil & Gas Says Operations In Malta Unaffected By Litigation

Leni Gas & Oil Widens Pretax Loss As Development Of Goudron Site Continues

Leni Gas ramps up production but one-off costs hit H1 numbers

First half losses increased year-on-year at Leni Gas and Oil as, despite increased production, costs from developing its Trinidad operations and fees from a legal fight in Malta impinged. Executive Chairman David Lenigas pointed out that the refocusing from Spain to Trinidad which started in 2012

Leni Gas, Mediterranean Oil Dispute Set For March 2014 Court Date

Mediterranean Oil And Gas Profits Down Following Gas Field Closure

Leni Gas & Oil Says New Tax Allowances In Trinidad Will Add USD1M To Cashflow

Leni Gas and Oil Extends Deadline Again On Joint Venture With Maxim Resources

Leni Gas & Oil unveils update on Maxim joint venture in Trinidad

AIM-listed Leni Gas & Oil (LGO) has published an update on its joint venture agreement in Trinidad with Vancouver-based oil and gas production company Maxim Resources, relating to a proposed transaction whereby Maxim and LGO would work together to pursue oilfield development opportunities in the Rep

Leni Oil and Gas widens annual losses as production falls

Leni Gas and Oil (LGO) reported a fall in annual production as a result of a weak performance in the Gulf of Mexico and the sale of properties in the US. Production in the year to December 31st 2012 came to 58,450 barrels of oil equivalent (boe), down from 64,650 boe a year earlier. The group wi

Leni Gas and Oil prepares new wells in Trinidad

Leni Gas and Oil said on Wednesday it expects a 50 per cent increase in the number of wells in operation at its Goudron oilfield in Trinidad. The oil and gas company said 10 new pump jacks have arrived and are being installed to begin work on additional wells. It is anticipated that 10 new wells

Leni Gas & Oil announces jump in production levels

AIM-listed Leni Gas & Oil (LGO) said Tuesday that in the last week production at the Goudron and Icacos Fields in Trinidad has averaged over 170 barrels of oil per day (bopd), with production reaching 201 bopd on January 27th. LGO, which is currently producing from a total of 22 wells, has a 100%

STOCKS NEWS EUROPE-UK small caps close up 0.6 percent

The FTSE Small Caps index closes 0.6 percent higher, outperforming gains by the FTSE 250 index and the FTSE 100 index, which both rise 0.3 percent. Animalcare Group gains 3 percent as the veterinary medicines supplier confirms that its Buprecare single dose ampoules - an analgesic for cats and dogs

Leni takes Mediterranean fight to the courts

Leni Oil and Gas has started legal proceedings against Mediterranean Oil and Gas (MOG), claiming it was misled into selling its interest in a Maltese oil field. In July 2012 Leni sold its 10% interest in Malta Area 4 PSC to MOG for $1 plus liabilities. MOG subsequently entered into a farm-in agree

SDL head shows faith after profit warning

The Chairman and Chief Executive of troubled business, translation and communications software company SDL has added 170,532 shares to his stake in the company one day after it issued a profit warning. Mark Lancaster, who also founded the group in 1992, was clearly keen to show his faith in the gr

Leni Oil & Gas set to boost Trinidad activity

Leni Oil & Gas (LGO) said the completion of a farm-in agreement meant it could ramp up activity in Trinidad. LGO has taken over leases in the North Moruga area from the Advance Oil Company meaning it will be assigned a 49% interest in the private petroleum leases and Petrotrin sub-leases. It will