Leni
Gas & Oil, (LGO:AIM) the Trinidad focused oil company, today published a
new map of their Trinidad operations. The map reveals the locations of the
first five wells, spud as part of the 30 well redevelopment program plus the
details of the locations of future wells that will be spud on the Goudron
field.
In
addition there is also a 3D diagram of the Gros Morne reservoir illustrating
the pay zones in the Gros Morne and Lower Cruse structures.
The
location of the Icacos oilfield and Trinity Innis oilfield are also shown. Leni
Gas & Oil has an option to acquire 100% of Trinity Innis, which was
announced to the market on the 16th July 2014. Trinity Innis is a
producing oilfield where production averages between 140-150
barrels of oil per day ("bopd") from approximately 25 active wells.
What is striking about this map is the size and scale of the Goudron acreage which is 3.5 kilometres by 2.5 kilometres
It is a huge area that has massive production upside. It is clear from the map that Texaco did not really venture properly into the Goudron field as there are huge areas of unexplored acreage that clearly has the potential to be drilled.
The other really important point is that if LGO secure the option over Trinity Innis they will get game changing production output and almost certainly like Goudron have a field that has the potential for further exploration.
I think this map is a really great illustration
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