20 Oct 2014 10:09
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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.
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1 Sep 2014 13:03
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