LGO Energy says that well GY-670, the seventh of its planned 30 new development wells at the Goudron Field in Trinidad, is drilling ahead in the Gros Morne Sandstones at a depth of approximately 2,750 feet measured depth ("MD") after the setting of the planned intermediate 9 5/8-inch casing at 2,394 feet MD. A total of 206 feet of net oil pay were identified on electric logs in the Goudron Sandstone formation.

Well GY-670 was originally planned to test the Goudron and Gros Morne Sandstone reservoirs to a total depth ("TD") of at least 3,100 feet TVDss (equivalent to 3,305 feet measured depth ("MD")) however, following further analysis of the recent well, GY-669, it has been decided to deepen the well to drill the entire high pressure Lower Cruse section and to reach the pre-Cruse at a new estimated TD of 4,250 feet MD.

Tags: LGO Energy