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LGO Energy CEO hints at continuous drilling campaign

Published: 10:32 01 May 2015 BST

Neil Ritson, the chief executive of LGO Energy (LON:LGO), suggests the Trinidad-focused company could be embarking on the start of ‘a continuous drilling campaign now’.

It comes as the AIM-listed group revealed the first hole of a new programme at its Goudron oilfield was completed in record time with almost 500 feet of net pay in two sections.

Ritson discusses the oil price environment, adding that the breakeven for the field is ‘well below even the most bearish oil forecasts so we’re confident we can remain economic and viable at any oil price’.

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