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Leni Gas & Oil terminates talks on potential partnership in Spain


Published Jun 5, 2014
Leni Gas & Oil-2

Leni Gas & Oil has now terminated negotiations with Pansoinco s.r.l. (Pansoinco) over a possible partnership in LGO's oil and gas assets located in Northern Spain, including the producing Ayoluengo Field and the prospective Hontomin Field development.

The Company is no longer actively seeking further expressions of interest. Immediate plans for the Spanish assets include the anticipated award of a Production Concession at Hontomin in 2014 and additional well maintenance and stimulation of the producing wells at Ayoluengo Field.

Tags: Leni Gas & Oil Plc




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