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Last 2.50 GBp
Change Today 0.00 / 0.00%
Volume 17.0M
LGO On Other Exchanges
Symbol
Exchange
Stuttgart
OTC US
As of 11:30 AM 05/5/15 All times are local (Market data is delayed by at least 15 minutes).

lgo energy plc (LGO) Snapshot

Open
2.50 GBp
Previous Close
2.50 GBp
Day High
2.58 GBp
Day Low
2.48 GBp
52 Week High
09/29/14 - 6.95 GBp
52 Week Low
05/19/14 - 1.02 GBp
Market Cap
76.3M
Average Volume 10 Days
22.5M
EPS TTM
-0.0018 GBp
Shares Outstanding
3.1B
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for LGO ENERGY PLC (LGO)

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lgo energy plc (LGO) Details

LGO Energy plc engages in the exploration and production of oil and gas. The company holds interests in the Goudron field, which is located in the Eastern Fields Area in southeastern onshore Trinidad; and Icacos field located in the extreme southwest of the island. It also has interests in the La Lora production concession, as well as Basconcillos-H, Huermeces, and Valderredible exploration permits in northern Spain. The company was formerly known as Leni Gas & Oil Plc and changed its name to LGO Energy plc in November 2014. LGO Energy plc was incorporated in 2006 and is headquartered in London, the United Kingdom.

32 Employees
Last Reported Date: 06/14/14
Founded in 2006

lgo energy plc (LGO) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

lgo energy plc (LGO) Key Developments

LGO Energy plc Updates Drilling Results At the Goudron Field in Trinidad

LGO Energy plc announced the spud of the first well in its 2015 seven well development program at the Goudron Field in Trinidad. Well Services Petroleum Company Limited's Rig-70, under contract to LGO, has been mobilised to the recently constructed drilling pad, Pad 4, and commenced drilling operations on well GY-672. Wells GY-672, 673 and 674 are planned to be drilled back-to-back from Pad 4 and completed as C-sand producers once all three wells have been drilled, logged and cased. Well GY-672 is planned to be drilled to a total depth of 3,505 feet measured depth (MD) and is targeting a C-sand reservoir interval approximately 420 feet to the east of the surface location. Wells in the 2015 program will deploy the successful three-casing design developed during 2014 and will use continuous logging by means of measurement-whilst-drilling (MWD), as piloted on well GY-671, to increase the efficiency and accuracy of the drilling process. The top Gros Morne sandstone reservoir is anticipated at 2,200 feet MD (2,000 feet sub-sea). Petroleum Company of Trinidad and Tobago Limited (Petrotrin) has now laid the majority of new 4 1/2-inch OD pipeline to upgrade the existing 2 7/8-inch export pipeline from the Goudron Field and is now awaiting a pipeline crossing agreement between Petrotrin and the owners of the major gas pipelines lying just outside the Goudron field boundary to complete the tie-in. Hook-up and commissioning is expected shortly. Substantial progress is also being made with the installation of additional tank storage and the lease area custody transfer meter (LACT) to assist in the long-term efficient operation of the field. This additional capacity will help to offset the gradual decline in production rates that, as expected, are now being experienced in the free flowing wells and will contribute to achieving the company's objective of maintaining average production levels close to or above 2,000 barrels of oil per day. Once the wells on Pad 4 have been drilled Wells Services Rig-70 will be moved to Pad 5 where four further C-sand production wells are planned. Preparations are also being made for the drilling of up to ten further C-sand wells from Pads 6 and 7 which are being surveyed prior to applications being made for their construction.

LGO Energy Seeks Acquisitions

LGO Energy plc (AIM:LGO) has filed a follow-on equity offering in the amount of £4 million. A portion of the proceeds will be used to allow the group to continue to identify, assess and potentially acquire new exploration and production assets.

LGO Energy plc Announces FTG Survey Completion

LGO announced that airborne survey contractor ARKeX Limited (ARKeX) has now successfully completed the Full Tensor Gravity Gradiometry (FTG) survey in Trinidad announced by the Company on 15 January 2015. All the planned data has been gathered and accepted as being within specification. As reported previously the aircraft commenced flying the gravity and magnetic survey over the entirety of the prospective onshore and near-shore areas of Trinidad in mid-January. The data gathered covers an area of approximately 5,700 square kilometers and has now been transferred to ARKeX's head office in Cambridge, UK where initial data processing is already underway.

 

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Valuation LGO Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 7.5x
Price/Book 3.7x
Price/Cash Flow NM Not Meaningful
TEV/Sales 9.9x
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