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Last 3.33 GBp
Change Today +0.075 / 2.31%
Volume 32.5M
LGO On Other Exchanges
Symbol
Exchange
Stuttgart
OTC US
As of 11:30 AM 07/3/15 All times are local (Market data is delayed by at least 15 minutes).

lgo energy plc (LGO) Snapshot

Open
3.25 GBp
Previous Close
3.25 GBp
Day High
3.60 GBp
Day Low
3.25 GBp
52 Week High
09/29/14 - 6.95 GBp
52 Week Low
03/19/15 - 2.03 GBp
Market Cap
101.4M
Average Volume 10 Days
32.2M
EPS TTM
-0.0024 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.

31 Employees
Last Reported Date: 06/2/15
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 Provides Goudron Pad 4 Testing and Infrastructure Update, Trinidad

LGO Energy plc announced its plans for the testing of the three recently drilled wells, GY-672, 673 and 674, on drilling Pad 4 at the Goudron Field, and provides an update on important infrastructure approvals and improvements that are designed to significantly increase oil sales capacity at the field from 2,750 barrels to over 12,000 barrels. The company has now received final approval for the completion of all three wells recently drilled from Pad 4 as production wells. A combined total of 556 feet of perforations are planned across the prolific C-sand intervals in the three wells. The equipment required has been mobilised to the field and work is anticipated to start later this week. Each well will be subject to a number of periods of flow testing up to 6 hours duration, followed by individual pressure build-up tests (pressure monitoring without flow) of approximately 24 hours. Once the test phase is complete, which may take up to 5 days per well, a stable flow rate will be selected to best manage the reservoir performance of the well in the short and medium term, and provide further information for the completion of further wells on the field. Oil produced from the wells during the test period will be sold. The company also confirmed that it has now received the necessary approvals to construct two 5,000 barrel sales tanks to supplement the existing 2,000 barrel main sales tank and two smaller tanks at Battery #134. The Company is commencing construction of the first of these new 5,000 barrel tanks and the second tank will be added as and when it is required. The installation of a lease area custody ("LACT") meter has therefore been rescheduled for no earlier than in the 4th quarter of this year. Petroleum Company of Trinidad and Tobago ("Petrotrin") has advised that the completion of the new 4-inch sales tie-in pipeline from Battery #134 to the main sales line and on to the Pointe-a-Pierre refinery remains outstanding pending a pipeline crossing agreement with a third party. In the interim additional pumping capacity has been installed on the existing 2 7/8-inch line, along with independent power generation, to eliminate any potential short term bottlenecks, with the additional production from new production wells.

LGO Energy plc Announces Goudron Pad 5 Drilling Update, Trinidad

LGO Energy plc announced that well GY-675, its 12th new development well in its Goudron field development, has been successfully spudded and the well is drilling ahead at a depth of over 100 feet. GY-675, which is planned to be drilled to a total depth of 3,700 feet MD (3,450 feet TVD), is again targeting a C-sand reservoir interval and the top Gros Morne sandstone upper C-sand) is anticipated at a depth of 1,900 feet MD (1,700 feet TVD).

LGO Energy plc, 2014 Earnings Call, Jun 03, 2015

LGO Energy plc, 2014 Earnings Call, Jun 03, 2015

 

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Valuation LGO Industry Range
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Price/Sales 9.6x
Price/Book 4.1x
Price/Cash Flow NM Not Meaningful
TEV/Sales 11.0x
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