Thu, 11th Jun 2015 11:15
(ShareCast News) - Trinidad oil developer LGO Energy has agreed to reduced repayment terms with its bank that will allow it to maintain its oil production operations after an unusual drilling accident. The AIM-listed company and BNP Paribas have agreed to an early termination of old pre-paid swap ag
Read more(ShareCast News) - After a costly drilling accident, oil explorer LGO Energy has been prevented from accessing more cash from its bank facility as it has breached its covenants. The AIM-listed company last month reported that well GY-678 in the Goudron Field offshore Trinidad, the last of seven deve
Read more(ShareCast News) - LGO Energy has raised £1m before expenses through the placing of 111.1m shares at 0.9p per share. The company said the funds will largely be deployed as additional working capital in LGO's Trinidad businesses including initiating work on the recently announced Goudron Sandstone pr
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