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2 Nov 2011 16:15
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Immediate Release
2 November 2011
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Leni Gas & Oil PLC
("LGO" or the "Company")
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Operational Update, Spain
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Leni Gas & Oil plc today announces completion of the rig recertification and return of well Ayo-37 to production.
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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.
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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.
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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.
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Enquiries
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Leni Gas & Oil plc
David Lenigas Neil Ritson | +44 (0)20 7440 0645 Β |
Panmure Gordon
Katherine Roe | +44 (0) 20 7459 3600 |
Hannah Woodley |
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Shore Capital
Pascal Keane +44 (0) 20 7408 4090
Jerry Keen
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Pelham Bell Pottinger
Mark Antelme | +44 (0) 20 7861 3232 |
Henry Lerwill |
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Beaumont Cornish Limited
Rosalind Hill Abrahams Roland Cornish | +44(0) 20 7628 3396 |
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Glossary
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bopd - barrels oil per day
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