LGO Energy Encounters Recoverable Hydrocarbons at Trinidad Well

LGO Energy announced Monday that the last of its planned 2015 development wells, located at the Goudron field in Trinidad, has encountered recoverable hydrocarbons.

Electric log interpretation from well GY-678, which reached its target depth of 4,219 feet on September 5, 2015, confirmed a net hydrocarbon pay in the c-sand main target totalling almost 480 feet. The well was spud on August 13, 2015.

Neil Ritson, LGO's chief executive, commented in a company statement:

"Well GY-678, the seventh c-sand well this year, was targeting an area of anticipated thicker sandstone development and has successfully located a similar section to GY-670, which was drilled and completed late in 2014 and has subsequently produced over 105,000 barrels oil to date.  This new well has found that same thick sand package and will now be completed for production."

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