LGO Energy (LGO)

 
Leni Gas & Oil - Trinidad Success Just The Beginning
Leni Gas & Oil (LGO) is an E&P company specialising in the reactivation of mature oil fields. As the company’s principal asset, the Goudron field in Trinidad offers a clearly defined path for reserve growth to 23mmbbls based on LGO’s planned activities at the field. The first of 30 development wells to be drilled by LGO at Goudron was successfully tested in June 2014, producing 240bbls/d. This positive result suggests the initial field output target of 1.8-2mbbl/d is within reach. Beyond Goudron, LGO has the potential for further acquisitions in Trinidad and an exploration and development scheme at the group’s underexplored Cedros Peninsula licences.

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LGO Energy - Update, Spain

LGO unit starts to suspend Ayoluengo ops

LGO Energy unit Compania Petrolifera de Sedano has started to temporarily suspend operations at Ayoluengo with a view...

Oil, Gas Roundup

LGO Energy (LON:LGO) unit Compania Petrolifera de Sedano has started to temporarily suspend operations at Ayoluengo...

Update, Spain

Miscellaneous medium priority announcements

Oil, Gas Roundup

Serica Energy (LON:SQZ) said a strong second-half operational performance from the Erskine field, boosted by much im...

LGO chairman steps down

LGO has announced a number of changes to the board of the company with immediate effect. Chairman Steve Horton h...

Directorate Change

RNS Number: 7307T LGO Energy PLC 10 January 2017 For Immediate Release, embargoed until 7 am 10 January 2017 LGO ENERGY PLC ("LGO" or the "Company") Board Changes LGO today announces a number of changes to the Board of the Company with immediate effect. Stephen ("Steve") Thomas Horton has retired from the Board of the Company and ...

Oil, Gas Roundup

Regal Petroleum (LON:RPT) was the sector's biggest faller - down more than 14.6% in late trading - after it issued an updat...

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