More oil for Leni at Goudron

Leni Gas & Oil (LGO) has hit further pay at its latest well onshore Trinidad and is preparing to intersect another target.

The London-listed junior struck 58 metres of net oil pay in the Goudron sandstone at the GY-668 well, the fifth of a planned 30 new development wells on the Goudron field.

The well has been drilled to 593 metres and cased at 590 metres to isolate the Goudron sandstone.

LGO is now preparing to drill ahead into the Gros Morne sandstone, which is expected to be intersected at 655 metres. Planned total depth at the well is 914 metres.

Earlier this month LGO hit “excellent oil pay” at its previous development well, GY-667, striking 66.75 metres of net oil pay.

LGO said in late July that it had struck 57 metres of net oil pay at the well. That find was made in the Goudron sandstone, with high-pressure gas intervals in the Upper Gros Morne formation.

The company drilled ahead into the primary target of the Gros Morne sandstone where it hit a “thick massive sandstone interval” of almost 40 metres.

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