2 Nov 2011 16:15
Immediate Release
2 November 2011
Leni Gas & Oil PLC
("LGO" or the "Company")
Operational Update, Spain
Leni Gas & Oil plc today announces completion of the rig recertification and return of well Ayo-37 to production.
Further to the information given on the 20 October 2011, LGO can now report that the Company owned Cardwell service rig has been fully re-commissioned and returned to active deployment on field operations on the 27 October 2011. All routine maintenance and five-year safety checks have been completed and the rig mast and other equipment upgraded to meet all required safety standards.
The first task undertaken by the rig has been to return well, Ayo-37, to production which was successfully completed yesterday. No significant issues were found with the well which has been off-line due to a down-hole pump problem since 30 September 2011. The well has produced an average of 149 bopd since reperforation was undertaken during the well intervention campaign in June 2011.
Competent Person's Statement:
The information contained in this announcement has been reviewed and approved by Neil Ritson, Chief Executive Officer and Director for Leni Gas & Oil Plc who has 35 years of relevant experience in the oil industry. Mr. Ritson is a member of the Society of Petroleum Engineers, an Active Member of the American Association of Petroleum Geologists and is a Fellow of the Geological Society of London.
Enquiries
Leni Gas & Oil plc
David Lenigas Neil Ritson | +44 (0)20 7440 0645
|
Panmure Gordon
Katherine Roe | +44 (0) 20 7459 3600 |
Hannah Woodley |
Shore Capital
Pascal Keane +44 (0) 20 7408 4090
Jerry Keen
Pelham Bell Pottinger
Mark Antelme | +44 (0) 20 7861 3232 |
Henry Lerwill |
Beaumont Cornish Limited
Rosalind Hill Abrahams Roland Cornish | +44(0) 20 7628 3396 |
Glossary
bopd - barrels oil per day