LGO Energy says that its most recently completed well, GY-669, at the Goudron Field in Trinidad was perforated on 23 January in the C-sands and is now flowing at a stabilized, but highly restricted, rate of 365 barrels of oil per day of 41 degree API water-free oil through a 10/32" choke with an average well-head flowing pressure of 1,900 psi. Over the last 48 hours the well has flowed at an average rate of 445 bopd. The initial calculated open-hole flow rate of the well is approximately 1,000 bopd.

Neil Ritson, LGO's Chief Executive, commented, "Well GY-669 is a further highly productive well from our eight well drilling campaign in 2014 and when combined with future drilling will allow us to maintain Group production in excess of 2,000 bopd for many years. Preparations for the 2015 drilling campaign at Goudron are now well underway and we expect to recommence the drilling of additional new C-sand wells as soon as the next drilling pad is completed."

Tags: LGO Energy