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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Lgo Energy | LSE:LGO | London | Ordinary Share | GB00BDGJ2R22 | ORD 0.05P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 3.05 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMLGO
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 Mayaro Sandstone reservoir. Drilling operations are now expected to commence in the next week.
As previously announced, the first well, H18E N4, which is expected to be designated GY-682 at spud, is targeting a net 200-foot thick Mayaro Sandstone pay interval at a depth between 300 and 1,000 feet depth and the well is anticipated to be completed for production immediately after drilling operations are concluded.
Enquiries:
LGO Energy plc +44 (0) 203 794 9230 Neil Ritson Fergus Jenkins Beaumont Cornish Limited +44 (0) 20 7628 3396 Nomad Roland Cornish Rosalind Hill Abrahams FirstEnergy Capital LLP +44 (0) 20 7448 0200 Joint Broker Jonathan Wright David van Erp
Glossary:
Hot Features
Premium
pay and net a reservoir or portion of a reservoir
pay formation that contains economically
producible hydrocarbons. The overall
interval in which pay sections occur
is the gross pay; the portion of
the gross pay that meets specific
criteria such as minimum porosity,
permeability and hydrocarbon saturation
are termed net pay
----------------- ---------------------------------------------
Mayaro Sandstone alternative name for the Goudron
Sandstones occurring at stratigraphic
intervals above the pre-Mayaro unconformity
----------------- ---------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
DRLEAAASAEDXEAF
(END) Dow Jones Newswires
February 27, 2017 02:01 ET (07:01 GMT)
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