Leni confirms oil pay at fourth Goudron well


Leni confirms oil pay at fourth Goudron well

LONDON -- Leni Gas & Oil Plc (LGO) reported that well GY-667, the fourth of its planned 30 new development wells at the Goudron Field in Trinidad, and the third well from this drill pad, has intersected 187 ft of net oil pay in the Goudron sandstones based on analysis of the electric logging.

The well has now been cased to a depth 1,905 ft 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 ft true-vertical depth (TVD).

Well GY-667 has a planned total depth (TD) of 3,600 ft TVD which is equivalent to 3,840 ft measured depth (MD) at a bottom-hole location that is approximately 590 ft south east of the surface location.  The well will also investigate the presence of reservoir potential of the Lower Cruse at this location.

Once TD is reached the well will be logged and cased ready for completion as a production well. The fourth well from the current pad, GY-668, will be drilled immediately following the end of drilling operations on GY-667. Further information will be provided once the well has reached TD.

Neil Ritson, LGO's CEO, commented: "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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