24 Sep 2015 08:30
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Don't have an account? Click here to register.Leni Gas & Oil reports progress with latest wells at Goudron
Wed, 29th Oct 2014 11:34
Drilling has begun at Leni Gas & Oil's seventh planned development wells at the Goudron Field in Trinidad, it announced on Wednesday.Well GY-670 is planned to test the Goudron and Gros Morne Sandstone reservoirs to a total depth (TD) of at least 3,100 feet and will be deviated approximately 600 feet northwest from the surface location. The sixth new Goudron well, GY-669 is ready for completion as a production well, it added. The completion of GY-669 will be undertaken when Well Services Rig 20 is moved from the drill pad, which is currently anticipated to occur in late 2014.Chief executive Neil Ritson said: "Well seven is now underway and we are analysing the results of well number six, GY-669, which is another successful well with considerable net pay. Reservoir pressures [was] the highest we have yet seen, and this may have major benefits for future production from this part of the field."
More News
18 Sep 2015 08:25
18 Sep 2015 07:54
Substantial gross profit increase for LGO Energy
(ShareCast News) - LGO Energy doubled their revenue for the first half of 2015 The AIM-listed oil and gas company announced revenue for the six months to 30 June is at £6.61m, up from £3.23m the previous year. Gross profit was also up over 150%, from £0.797m to £2.062m. That brought the group's pr
Read more7 Sep 2015 12:17
LGO Energy's Goudron well reaches target depth
(ShareCast News) - LGO Energy said the last of its currently-planned 2015 development wells, GY-678, at its Goudron Field development in Trinidad reached target depth on Saturday at 4,219 feet. The company said electric log interpretation from both the Goudron Sandstone and C-sand reservoir interval
Read more7 Sep 2015 09:56
28 Aug 2015 08:33
21 Aug 2015 11:18
LGO Energy slumps amid dispute with Trinity Exploration
(ShareCast News) - Shares in LGO slumped on Friday, after the oil and gas assets developer disputed allegations made by Trinity Exploration & Production earlier this week. In its second quarter update, Trinity claimed the Tabaquite Block was currently classified as "held for sale" on its books, addi
Read more17 Aug 2015 15:44
LGO Energy begins drilling at seventh well in Goudron field
(ShareCast News) - LGO Energy said on Monday that drilling operations at the GY-678 development well at the Goudron field in Trinidad are now underway. GY-678 is the seventh of this year's planned development wells and is being drilled to an anticipated total depth of 4,200 feet. LGO Energy is an oi
Read more17 Aug 2015 08:45