Leni Finds More Oil with 4th Goudron Development Well

Junior energy firm Leni Gas & Oil reported Tuesday that well GY-667, the fourth of 30 new development wells at the Goudron field onshore Trinidad, has intersected 187 feet of net oil pay in the Goudron Sandstone.

The well has now been cased to a depth of 1,905 feet in order to isolate the Goudron Sandstone and the high-pressure Upper Gros Morne gas intervals and is now drilling ahead to the primary Gros Morne Sandstone oil target, which is expected at approximately 2,180 feet true vertical depth.

Well GY-667 has a planned total depth of 3,600 feet – equivalent to 3,840 feet measured depth at a bottom-hole location that is approximately 590 feet southeast of the surface location. The well will also investigate the presence of reservoir potential of the Lower Cruse at this location.

Leni Chief Executive Neil Ritson commented in a company statement:

"The drilling campaign remains on track and continues to give very encouraging results. Below the oil pay in the Goudron sands we have again encountered a gas zones with pressures similar to those seen in the recent GY-666 well. We expect to drill the productive primary oil reservoir in the next week."

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