Leni Drills 'Best Well So Far' on its Goudron Field

Junior producer Leni Gas & Oil reported Monday that electric logs taken at its latest well on the Goudron field, onshore Trinidad, have revealed the presence of 219 feet of net oil pay in the Gros Morne Sandstone.

Leni said that the oil pay includes a thick massive sandstone interval of 130 feet at a depth of 2,596 feet measured depth. The firm added that pressure data indicates that the Gros Morne at this location is at primary pressure and is expected to give "excellent" free flowing oil production.

The well, GY-667, is the fourth of 30 new development wells that Leni plans at the Goudron field. The well had already found 187 feet of net oil pay in the Goudron sandstones.

Leni Chief Executive Neil Ritson commented in a company statement:

"Well GY-667 appears to be our best well so far in the drilling campaign and has a really excellent oil pay in the Gros Morne. The rig will now move to the final location from the current pad and spud the fifth well of the program, following which we will be able to put on production this well along with the others on the pad. We are very encouraged by the results we are obtaining at Goudron and look forward to the rest of this year's drilling there."



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