Leni Gas & Oil starts third well at Goudron
17th Jun 2014 12:22
AIM-listed exploration group Leni Gas & Oil said the third of its Goudron development wells in Trinidad, GY-666, was successfully drilled. The well, which is part of the 30-well redevelopment programme, is expected to test the Goudron, Gros Morne and Lower Cruse sandstones, all of which are known
Read moreLeni Gas & Oil gives another positive update on Goudron
11th Jun 2014 13:17
Leni Gas & Oil on Wednesday reported that analysis on its GY-665 well at the Goudron site in Trinidad has indicated the presence of a total of 526 feet of net oil pay. Once cementing work on the well has been completed, the Well Services Rig 20 will be prepared for its move to the next well, which
Read moreLeni Gas & Oil delivers positive result at Goudron
9th Jun 2014 09:28
Shares in Leni Gas & Oil (LGO) jumped by almost a third on Monday morning after it revealed that its GY-665 well at the Goudron field in Trinidad has intersected 687 feet of oil bearing sands at its primary target. LGO said it is confident that the net pay will be comparable to the GY-664, which in
Read moreLeni Gas & Oil ends talks on potential partnerships in Northern Spain
4th Jun 2014 10:10
Leni Gas & Oil (LGO) has ended its negotiations with Pansoinco over a possible partnership on its oil and gas assets located in Northern Spain. The group added that it had also stopped looking for any other interest, explaining that its plans for the assets include the anticipated award of a produ
Read moreLeni Gas & Oil reports success at Goudron wells
2nd Jun 2014 09:03
Leni Gas & Oil saw its shares charge higher on Monday morning after announcing its GY-664 well at the Goudron site has been successfully brought on production and was free flowing at a rate of 240 barrels of oil per day under its own pressure. The second development well, GY-665, which has an anti
Read moreLeni Gas & Oil rises on progress at Goudron
28th May 2014 13:50
Leni Gas & Oil shares climbed after GY-665, the second of its Goudron development wells, began drilling on May 27th. The drilling is testing the Goudron, Gros Morne and Lower Cruse sandstones, which are known to be productive for oil in offset wells. Three further wells will be be deviated from
Read moreLeni declines appeal in Mediterranean Oil & Gas case
24th Apr 2014 11:55
Leni Gas & Oil (LGO) has decided to not appeal against the verdict in its legal action against fellow AIM explorer Mediterranean Oil & Gas (MOG). A High Court judge had dismissed the accusations and ruled that LGO should pay the group's legal costs on an 'indemnity basis' which means that MOG shoul
Read moreLeni Gas & Oil gains more time to complete Trinidad deal
10th Apr 2014 13:13
Leni Gas & Oil said it had secured more time to complete a deal with Toronto-listed Maxim Resources to develop oilfields in Trinidad & Tobago. Leni and Maxim have agreed to extend the deadline for completing their heads of agreement pact until May 31st to allow Maxim to conclude a court case linked
Read moreLeni Gas & Oil ponders appeal after order to pay MOG court costs
3rd Apr 2014 12:44
Leni Gas & Oil (LGO) has said it may appeal a High Court decision after it was ordered to pay costs after its bid to sue Mediterranean Oil & Gas (MOG) failed. LGO was ordered to pay MOG's legal costs on an indemnity basis and agreed to pay an initial £600,000 as an interim payment by April 10th. Th
Read moreLeni Oil & Gas updates with further progress on Cedros Peninsula
2nd Apr 2014 12:36
Lenigas & Oil on Wednesday announced further progress on agreements with Beach Oilfield (BOLT) relating to its joint studies on the Cedros Peninsula in Trinidad, completing the payments agreed late last year. The payments, which totalled £475,000, were spread over four months, during which Leni Ga
Read moreMediterranean Oil & Gas defeats Leni in High Court battle
27th Mar 2014 12:49
Oil explorer and producer Mediterranean Oil & Gas (MOG) has won a High Court dispute brought against it by fellow AIM company Leni Gas & Oil (LGO). LGO sued MOG for not providing enough information about an explortation block offshore Malta, which MOG bought from LENI for a nominal sum of $1 and th
Read moreLeni Gas and Oil mobiles rig to begin drilling Goudron Field
24th Mar 2014 16:15
Leni Gas and Oil said the Well Services Petroleum Company rig no. 20 is due to begin drilling the Goudron Field in Trinidad around April 15th. The first well of the 30-well development programme will be drilled to a total depth of 4,000 feet and is targeted to intersect productive sandstones on bo
Read moreLeni Gas & Oil signs rig deal for Goudron Field
11th Feb 2014 11:23
Leni Gas & Oil has signed a deal for the drilling of the first seven wells of a planned 30 on the Goudron Field. The deal was signed with Well Services Petroleum Company for the use of its Rig 20, which is anticipated to be mobilised to the field shortly. Preparation on the drilling site has alread
Read moreLeni Gas & Oil hits production milestone
10th Oct 2013 07:48
Explorer Leni Gas & Oil said it had reached a milestone in oil production from its businesses in the Caribbean and Europe. The group said it had achieved net oil production of more than 500 barrels per day from combined operations in Trinidad and Spain. It said most of the higher production had co
Read moreLeni Gas ramps up production but one-off costs hit H1 numbers
24th Sep 2013 08:47
First half losses increased year-on-year at Leni Gas and Oil as, despite increased production, costs from developing its Trinidad operations and fees from a legal fight in Malta impinged. Executive Chairman David Lenigas pointed out that the refocusing from Spain to Trinidad which started in 2012
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