Leni Gas & Oil announce that well GY-669, the sixth of its planned 30 new development wells at the Goudron Field in Trinidad, and the first well from the third drill pad, has been successfully drilled to a depth 2,390 feet measured depth ("MD"). Based on independent petrophysical analysis of the electric logging the well intersected 227 feet of net oil pay in the Goudron Sandstones. The well is currently drilling ahead in the Gros Morne formation.
Neil Ritson, LGO's Chief Executive, commented,"The Goudron Sand has come in on prognosis and is oil bearing as in all previous wells. The new well design, with three casings, is proving valuable in isolating the thin gas stringers in the formation above the Gros Morne Sandstone reservoir and allowing us to drill with optimum mud properties in the main reservoir section, further reducing the risk of formation damage and increasing likely production rates."