LGO Provides Progress Updates on Trinidad Workover

Leni Gas & Oil (LGO) announced progress with workover activities at the Goudron Field in south-eastern Trinidad.

Workover rig Altech-1 was mobilized to the field as planned and has entered well GY-190 and retrieved the down-hole pump. The rig is currently withdrawing the production tubing from the well in order to remove any accumulated sand from the casing prior to re-running the tubing and pump.

Repairs to the pump will be completed later this week and the well will be returned to production. Incremental production of up to 20 barrels of oil per day is anticipated as a result of this work. LGO expects to perform up to 50 similar workovers in the coming months.

LGO is operating through its wholly owned subsidiary Goudron E&P Limited as a sub-contractor to Cameron Oil and Gas Limited pending final transfer of the Goudron Incremental Production Service Contract to the Company which is anticipated shortly.