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24 Apr 2014 09:00
For Immediate Release, Embargoed until 9 am
24 April 2014
Leni Gas & Oil PLC
("LGO" or the "Company")
Company Update
LGO today announces that, after careful consideration, the Board has decided not to petition the Court of Appeal in its case brought in January 2013 against Mediterranean Oil and Gas plc. The Company will remain focused on its core oil production business in Trinidad; where a major 30 well development program is now underway at the Goudron Field, and in Spain.
The Company was notified yesterday that Well Services Rig 20 had arrived at the Goudron Field and the spudding of the first new development well at Goudron since 1981, well H18 EJ-7, is now expected to occur over the weekend. LGO will keep shareholders informed of further developments as they occur.
Enquiries:
Leni Gas & Oil plc
David Lenigas Neil Ritson | +44 (0)20 7440 0645 |
Beaumont Cornish Limited
Nomad and Joint Broker Rosalind Hill Abrahams Roland Cornish | +44(0) 20 7628 3396 |
Old Park Lane Capital Plc
Joint Broker Michael Parnes | +44(0) 20 7493 8188 |
Pelham Bell Pottinger
Financial PR Mark Antelme | +44 (0) 20 7861 3232 |
Henry Lerwill |
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