Last 3.23 GBp
Change Today -0.25 / -7.19%
Volume 40.4M
As of 12:14 PM 01/26/15 All times are local (Market data is delayed by at least 15 minutes).

lgo energy plc (LGO) Snapshot

Open
3.48 GBp
Previous Close
3.48 GBp
Day High
3.63 GBp
Day Low
3.23 GBp
52 Week High
09/29/14 - 6.95 GBp
52 Week Low
03/31/14 - 0.64 GBp
Market Cap
88.0M
Average Volume 10 Days
29.1M
EPS TTM
-0.0018 GBp
Shares Outstanding
2.7B
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

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Executives, Board Directors

lgo energy plc (LGO) Key Developments

LGO Energy PLC Provides Update on Development Activities in Goudron Field in Eastern Trinidad; Reports Group Production Results for the Month of December 2014

LGO Energy PLC provided an update in the group's production and development activities in the Goudron Field in eastern Trinidad. Well GY-670 has continued to produce at a consistently high rate and at a high well-head flowing pressure. The well has averaged 1,045 barrels oil per day (bopd) of 37 degree API oil since being placed on production on a highly restricted basis at an average wellhead flowing pressure of 1,225 psi. The well is on a restricted flow rate using a 10/32-inch choke to ensure that its long term production potential is optimized; the well has a calculated open-hole flow rate in excess of 6,000 bopd. Well GY-671 was perforated over a 171-foot interval of oil bearing C-sands on December 17, 2014 and has flowed at restricted rates up to 216 bopd and well-head flowing pressures of up to 900 psi with a 12/32-inch choke. The well has intermittently produced quantities of gas and has also produced up to 0.3% of sand. That work is ongoing and is expected to be completed in the next few days. Well GY-669 is currently being prepared for completion in the C-sands and is expected to be on production over the next week. A skid mounted gas separation plant has been mobilised to the field, and has been successfully tested. This will be connected to GY-669, which has log characteristics indicating a higher gas-oil-ratio oil, in order to provide more accurate well test rates and production monitoring data. Applications for the clearing of the next two drill sites, Pad-4 and Pad-5, have been formally lodged with the Trinidadian authorities and site preparation work is expected to commence shortly. The company reported average Group production for the month of December 2014 of 1,685 bopd.

LGO Energy plc Appoints Fergus Jenkins to its Board

The Directors of LGO Energy plc announced the appointment of Mr. Fergus Jenkins to the Board of the company with immediate effect. Mr. Jenkins has been working for the company as Chief Operating Officer since March 2012. He is a Chartered Engineer with a Bachelor of Engineering degree in Mining Engineering and a Master of Engineering degree in Petroleum Engineering. He has over 20 years of experience working in industry, initially in mining before moving to petroleum. Mr. Jenkins worked in a variety of technical and increasingly senior managerial positions in mid-sized independent oil companies, including Enterprise Oil, LASMO, OMV (UK) Ltd. and Afren plc. Mr. Jenkins serves currently as Technical Director of the AIM-traded Solo Oil plc.

LGO Energy plc Announces Drilling Update

LGO Energy plc announced that its most recently completed well, GY-670, at the Goudron Field in Trinidad was perforated on 12 December over a 177-foot interval of oil pay in the C-sands and is now flowing at a stabilized, but highly restricted, rate of 1,085 barrels of oil per day (bopd) of 37 degree API water-free oil through a 9/32" choke with a well-head flowing pressure of 1,290 psi. Over the last 48 hours the well has flowed at an average rate of 1,104 bopd. The initial open-hole flow rate calculated for the well exceeds 6,000 bopd.

 

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Price/Book 5.1x
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