24 Sep 2015 08:30
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Don't have an account? Click here to register.LGO Energy predicts recoverable oil from Trinidad well
Thu, 11th Jun 2015 11:15
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 positive.Net oil pay in the Goudron sandstone is estimated to be 492 feet and net hydrocarbon pay in the C-sand main target is expected to be 277 feet.GY-674 is the third of seven wells currently planned for 2015, LGO said.The stock was up 2.6% at 4p by 11:17 on Thursday.
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