Columbus Energy Resources (LGO)
Lgo Energy - Refinancing Required To Accelerate Progress
By Edison Investment Research | Fri, 8th April 2016 - 05:59
LGO Energy (LGO) is an E&P company specialising in the reactivation of mature oil fields in Trinidad and Spain. Its main field in Trinidad, Goudron, has both low lifting costs and longer-term potential through enhanced oil recovery (EOR). However, LGO needs to find a refinancing solution to alleviate current funding constraints in Trinidad, allowing it to progress low-cost workover solutions and ultimately develop 2P reserves.
LGO Energy plc