LGO Energy


All posts for LGO Energy

LGO - Spud Well of GY-682, Goudron Field, Trinidad

  Spud Well of GY-682, Goudron Field, Trinidad LGO is today pleased to confirm that well GY-682 was spudded on Saturday 4 March 2017 at the Goudron Field in eastern Trinidad.  Site preparation work at location H18E N4   was completed during the week and Rig#18 was accepted onto contract ...

OilVoice Press - OilVoice


Posted 2 years agoPress > LGO EnergyTrinidadSpud Watch

LGO - Drilling Update, Trinidad

  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 ...

OilVoice Press - OilVoice


Posted 2 years agoPress > LGO EnergyTrinidad

LGO update on La Lora Concession, Spain

La Lora Concession, Spain LGO today provides a further update on its 100% owned Spanish concession, La Lora ("the Concession"), in northern Spain, which is operated by its wholly owned subsidiary Compañía Petrolífera de Sedano, S.L.U .   ("CPS").  Further to its announcement on 13 Januar ...

OilVoice Press - OilVoice


Posted 2 years agoPress > LGO EnergyLa Lora ConcessionSpain

LGO make drilling update, Goudron Field, Trinidad

  Drilling Update, Goudron Field, Trinidad LGO is pleased to provide a further update on its plans to recommence production drilling at the Goudron Field in Trinidad following its announcement of 21 December 2016. The Company's local operating subsidiary, Goudron E&P Limited ("GEPL"), has ...

OilVoice Press - OilVoice


Posted 2 years agoPress > LGO EnergyTrinidad

LGO announces information on the Company's operational and corporate plans

Corporate Update LGO today announces further information on the Company's operational and corporate plans for the first quarter of 2017.  Operational Plans The recent loan re-financing and equity placement have positioned the Company for an early return to drilling in the Goudron Field with t ...

OilVoice Press - OilVoice


Posted 2 years agoPress > LGO EnergyLondon

LGO raises £1.18 million placing and total voting rights

LGO today announces that the Company has raised £1.18 million, before expenses, by way of a placing of 984,600,000 new ordinary shares of 0.05p each ("the Placing Shares") at a placing price of 0.12p per share ("Placing Price") through an oversubscribed stockbroker and company sponsored placement. ...

Adam Marmaras - OilVoice


Posted 2 years agoPress > LGO EnergyMayaro SandstoneNeil Ritson

LGO Energy announce drilling update, Goudron Field, Trinidad

LGO is pleased to provide an update on its plans to recommence production drilling at the Goudron Field in Trinidad following its announcements of the 7 and 9 December confirming the refinancing of the Company's loan facility. The Company's local operating subsidiary, Goudron E&P Limited ("GEPL"), ...

OilVoice Press - OilVoice


Posted 2 years agoPress > LGO EnergyTrinidadGoudron Field

LGO Energy: BNP Paribas Bank Loan Repayment and Signing New Funding Agreement, Drilling Operations to Recommence at the Goudron Field

LGO is pleased to announce that agreements have been signed which will pay off the Company's entire remaining debt to BNP Paribas ("BNPP"), and put in place a new US$8.6 million Convertible Security Funding Agreement ("Funding Agreement") with an entity managed by the Lind Partners, LLC ("Lind"). Th ...

Katie Woodward - OilVoice


Posted 2 years agoPress > LGO EnergyBNP ParibasFinance +3

LGO Energy sells 10,000 barrels of oil stocks in Spain

LGO today confirms the successful conclusion of negotiations for the sale of over 10,000 barrels of oil stocks in Spain.  Further to the Company's announcement on 4 November, a commitment has now been received from a Spanish buyer for LGO's local subsidiary, Compañia Petrolifera de Sedano, to deli ...

Katie Woodward - OilVoice


Posted 2 years agoPress > LGO EnergyFinanceSpain