Scandoil  

Leni Gas acquires a producing oil field in Trinidad


Published Jul 17, 2014
Leni Gas & Oil-2

Leni Gas & Oil has signed a binding Heads of Agreement (HOA) to acquire a 100% interest of the producing Trinity-Inniss Field in south-eastern Trinidad, close to the Company's existing Goudron Field operations. LGO plans to acquire 100% of Fram Exploration (Trinidad) Limited (Fram), the company holding the Incremental Production Service Contract (IPSC) for the Petroleum Company of Trinidad and Tobago Limited (Petrotrin) owned Trinity-Inniss Field.

The HOA is subject to a number of material conditions, including the negotiation in good faith of a definitive agreement and legal, financial, taxation, stakeholders consent, and commercial due diligence on Fram and its business, assets and liabilities.

Tags: Leni Gas & Oil Plc




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml