Leni Sees Goudron Well Flow at 700 Barrels per Day

Trinidad-focused junior energy firm Leni Gas & Oil reported Wednesday that it was seeing "a very encouraging" initial production rate at its GY-665 well on the Goudron Field after a series of production tests from the Gros Morne Sandstones.

The firm said the open-hole flow rate from the well was calculated at 700 barrels of oil per day, and that it is currently producing 41-degree API gravity oil at a rate of 415 bopd through a 12/13-inch choke, with a well-head flowing pressure of 475 pounds per square inch.

GY-665 is the second well put on production in the company's 30-well redevelopment at the Goudron field.

Leni Chief Executive Neil Ritson commented in a company statement:

"The second of our new wells is now on stream at a very encouraging initial production rate and flowing pressures. The remaining three wells drilled from this pad will be placed on production shortly. Well Services Rig 20 is being moved to the next pad to drill four further wells in the development program."

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