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Leni Gas & Oil announces further progress on agreements with Beach Oilfield Limited


Published Apr 4, 2014
Leni Gas & Oil-2

Leni Gas & Oil announces further progress on agreements with Beach Oilfield Limited (BOLT) in the Cedros Peninsula of SW Trinidad with the conclusion of payments under the Data Agreement and the commencement of geochemical field work.

Neil Ritson, LGO Chief Executive, commented,"We are very enthusiastic about the oil potential of the Cedros Peninsula and have now completed an initial review of the data we acquired from BOLT. In LGO's technical view there is undoubtedly significant untested potential in proven reservoirs and in a structural style that is simpler than much of onshore Trinidad relating more closely to the prolific East Venezuelan Basin. As new data is collected and integrated with the existing data that we have acquired from BOLT it is anticipated that a number of potentially large drillable prospects will be mapped."

Tags: Leni Gas & Oil Plc




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