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Leni Gas & Oil provides Trinidad drilling update

Oilfield Technology,

Leni Gas & Oil (LGO) has announced that well GY-668, the fifth of its planned 30 new development wells at the Goudron Field in Trinidad, has successfully reached total depth at 3026 ft. The well has also been logged and cased.

Based on analysis of the electric logging, it is interpreted that the well contains 254 ft of net oil pay in the Gros Morne Sandstones, the primary target of the well, in addition to the 191 ft of net oil pay in the Goudron Sandstones.

Once all necessary approvals have been obtained, the wells GY-665 to GY-668 will be placed on production one at a time. The rig will be moved to the next drilling pad to commence the drilling of the next four development wells (GY-669 to GY-672).

CEO Neil Ritson commented: "The fifth well has been successful in meeting its objectives and the rig will shortly be moved off GY-668 and we will start the process of preparing the site for the production. The pressures we have experienced during the drilling of these wells give us considerable confidence that we will have excellent production rates."

Adapted from press release by Katie Woodward

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