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LGO Energy completes refinancing

Fri, 09th Dec 2016 14:28

(ShareCast News) - LGO Energy confirmed on Friday that, as announced on 7 December, its refinancing had now completed.The AIM-traded company said first close on the transaction agreed with the Lind Partners occurred on Friday."LGO received the proceeds from the first drawdown of $1.825m on the Lind Funding Agreement and paid BNP Paribas the closing sum of $1.75m in full settlement of all amounts due to BNPP, who have now released rights to the senior security they previously held," its board said in a statement."An update on plans for drilling at the Goudron Field in Trinidad will be provided in due course."

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24 Jun 2015 06:45

LGO Energy Says Oil Estimate At Goudron Has Increased Over Five-Fold

17 Jun 2015 08:50

LGO To Flow Test Three Wells, Increase Oil Sale Capacity At Goudron

15 Jun 2015 11:50

LGO Energy begins drilling new well development

Oil and gas group LGO Energy has begun drilling its flagship Goudron field's 12th development well, the first on its pad 5 site. The GY-675 well will be drilled 3,700 feet deep and will target the C-sand reservoir, as well as Gros Morne sandstone's upper C-sand, which are expected to be hit at rough

15 Jun 2015 09:58

LGO Energy Starts Drilling Well GY-675 At Goudron Field, Trinidad

11 Jun 2015 11:15

LGO Energy predicts recoverable oil from Trinidad well

Oil and gas company LGO Energy has said that initial drilling of its GY-674 development well in Trinidad has confirmed the presence of "recoverable hydrocarbons". The AIM group said the well was spudded a few weeks ago and electric log interpretation from both the Goudron and C-sand intervals was po

11 Jun 2015 09:16