Madrid turns down LGO extension request for La Lora
LGO Energy said today that the Spanish Government had rejected the London-listed firm’s request to have the La Lora concession extended by two years.
LGO Energy
LGO’s chairman in swift exit
LGO Energy today confirmed its chairman would leave the company with immediate effect.
LGO completes talks for sale of more than 10,000 barrels of oil stocks
LGO Energy said it has completed negotiations for the sale of more than 10,000 barrels of oil stocks in Spain.
LGO Energy starts production from new Trinidad well
LGO Energy has started production from the GY-277 oil well, the fourth of its planned heavy work-overs at the Goudron Field in Trinidad.
LGO gets boost after Trinidad cuts oil royalty take
LGO Energy will benefit from lower royalty rates in Trinidad after state oil company Petrotrin slashed its take of production.
LGO raises £1.95millon to settle up with creditors
LGO Energy has raised £1.95million through share placement in bid to pay its debts.
LGO Energy takes itself off the market
LGO Energy pulled a U-turn in its funding plans, taking itself off the market.
LGO makes progress with $20million investment opportunity
Caribbean focused exploration company LGO Energy has agreed a deal that could secure $20million of investment.
LGO open to offers as part of strategic review
LGO Energy, the Trinidad-focused independent oil and gas firm has said it is open to offers as part of a formal strategic review.
LGO pays creditors in shares leaving cash for production
LGO Energy has offered to pay drilling creditors in company shares in order to conserve cash to pay for production activities in Trinidad.
LGO agrees early end to bank funding deal
Trinidad-based oil producer LGO Energy has agreed an early end to a banking arrangement with BNP Paribas, which will allow reduced repayment rates of $75,000 per month for the next three months.
LGO looks to bridge funding gap with new strategic investments
LGO Energy said it has been hit by delays as it looks to reach a settlement on the remaining capital costs of a recent unsuccessful drilling program. The company previously revealed last month the loss of well GY-678 and the downhole equipment it contained as well as the anticipated production from the well. LGO is waiting for BNP Paribas to approve the release of specific funds which were previously drawn-down.
LGO facing setback after stuck pipe forces well abandonment
LGO Energy is facing an expensive bill up to $4million after its latest drilling project in Trinidad was plugged and abandoned after a mechanical problem.
LGO snaps up share in Beach shallow oil
LGO Energy has agreed to take a 25% stake in Beach Oilfield which sees the UK-based company gain exposure to shallow oil resources in the South West Peninsular projects in Trinidad.
LGO Raises £1million for further Goudron investment
Trinidad-focused LGO Energy has raised a further £1million via a shares issue to pursue its flagship Goudron development in the Caribbean.
LGO Energy enjoys strong first-half to 2015
LGO Energy, the Trinidad-focused oil producer, doubled its revenue in the first six months of 2015 compared with the same period last year.
LGO completes Trinidad drilling programme
The last of LGO Energy's planned 2015 development wells at its Goudron field site in Trinidad has reached its target depth at 4,219 feet.
LGO begins production testing on latest Goudron well
Production testing has started on LGO's GY-675 well, the first drilled on Pad-5 in the Goudron Field in Trinidad.
LGO expands drilling programme in Trinidad
LGO Energy has confirmed it has begun drilling its seventh well of the year in Trinidad.
LGO makes good progress in Caribbean
Production costs of less that $10 per barrel are allowing LGO Energy to progress with confidence with its Goudron development in Trinidad.