28th May 2014 07:00
For Immediate Release, 7 am
28 May 2014
Leni Gas & Oil PLC
("LGO" or the "Company")
Goudron Drilling Update
LGO announces that the second of its Goudron development wells, GY-665, was successfully spudded at 14:50 hours (Trinidad time) yesterday and is now drilling ahead.
This well is planned to test Goudron, Gros Morne and Lower Cruse sandstones known to be productive for oil in offset wells. The well is being drilled vertically from a newly constructed well pad from which three later wells will be deviated. The expected total depth of GY-665 is 3,500 feet.
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 over 35 years of relevant experience in the oil industry. Mr. Ritson is a member of the Society of Petroleum Engineers (SPE), an Active Member of the American Association of Petroleum Geologists (AAPG) and is a Fellow of the Geological Society of London.
Enquiries:
Leni Gas & Oil plc
David Lenigas Neil Ritson | +44 (0)20 7440 0645 |
Beaumont Cornish Limited
Nomad and Joint Broker Rosalind Hill Abrahams Roland Cornish | +44(0) 20 7628 3396 |
Old Park Lane Capital Plc
Joint Broker Michael Parnes | +44(0) 20 7493 8188 |
Pelham Bell Pottinger
Financial PR Mark Antelme | +44 (0) 20 7861 3232 |
Henry Lerwill |
Related Shares:
CERP.L