20 Oct 2014 10:09
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Don't have an account? Click here to register.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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Leni Gas & Oil sees "excellent production rates" at drilling field
Leni Gas & Oil (LGO) said on Monday its fifth well at the Goudron Field in Trinidad reached its total depth, giving confidence the company will have "excellent" production rates. Well GY-668 was drilled to a depth of 3,026 feet and has been logged and cased. Once approved, wells GY-665 to GY-668 w
Read more21 Aug 2014 08:47