LGO Energy

LGO Energy discovered the presence of hydrocarbons in the Goudron field onshore Trinidad. Well GY-675 was drilled to a total depth of approximately 3,660 ft and intersected an estimated 260 ft of net pay in the C-sand intervals, according to electric logs. The well has been cased for future production. LGO has also begun drilling nearby another well, which is targeting the C-sand interval and the top of the Gros Morne sandstone reservoir. LGO is the operator and holds 100% interest in the field.