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 to start Goudron drilling in the next week

LGO has confirmed that the Rig#18 has been successfully mobilised to the Goudron field where it has been contracted to d...

Drilling Update, Trinidad

RNS Number: 8569X LGO Energy PLC 27 February 2017 For Immediate Release, Embargoed until 7 am 27 February 2017 LGO ENERGY PLC ("LGO" or the "Company") Drilling Update, Trinidad LGO can today confirm that Rig#18 has now been successfully mobilised to the Goudron Field where it has been contracted to drill at least two infill wells to the Maya...

Notice of GM

RNS Number: 9365W LGO Energy PLC 15 February 2017 For Immediate Release 15 February 2017 LGO ENERGY PLC ("LGO" or the "Company") Notice of General Meeting LGO has today posted to Shareholders a circular, notice and related documents ("the Documents") convening a General Meeting of the Company to be held at 200 Strand, London, WC2R 1DJ o...

LGO gets go ahead to clear sites for two wells

LGO has confirmed that final approval was granted by the Forestry Department on Friday to cut trees in order to clear th...

Operational Update, Trinidad

RNS Number: 6681W LGO Energy PLC 13 February 2017 For Immediate Release, Embargoed until 7 am 13 February 2017 LGO ENERGY PLC ("LGO" or the "Company") Operational Update, Trinidad LGO today confirms that final approval was granted by the Forestry Department on Friday, 10 February 2017, to cut trees in order to clear the well sites for the imp...

LGO unit seeks new concession for Ayoluengo field

LGO Energy's wholly-owned subsidiary, Compania Petrolifera de Sedano, has started the process of obtaining a new 30-yea...

Update La Lora Concession, Spain

RNS Number: 3905W LGO Energy PLC 09 February 2017 For Immediate Release, Embargoed until 7 am 9 February 2017 LGO ENERGY PLC ("LGO" or the "Company") Update La Lora Concession, Spain LGO today provides an update on the Ayoluengo Field in northern Spain which was previously operated by its wholly owned subsidiary Compaa Petrolfera de ...

Oil, Gas Roundup

LGO Energy's (LON:LGO) shares fell after it confirmed that subsidiary Compania Petrolifera de Sedano's request for an e...

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