Mon, 13th Feb 2017 09:48
(ShareCast News) - AIM-listed LGO Energy has reached an agreement with BNP Paribas that will see its debt repayment reduced. Under the new agreement, the March 2016 installment will be cut to $100,000, after which the remaining outstanding balance will be recovered over the following 18 months. The
Read more(ShareCast News) - Shares in LGO Energy surged as investors excitement over a potential $20m new investment offset worries about defaulted debts. The AIM-listed oil explorer, which was hit by a cash crunch after a drilling mishap in September and put itself up for sale in December, said it had signe
Read more(ShareCast News) - LGO Energy has begun a formal strategic review of its business and assets to consider all options to maximise shareholder value, as it announced the cancellation of its sale and purchase deal with Trinity Exploration & Production. The oil production and development company, which
Read more