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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.

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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