logo-loader
viewColumbus Energy Resources PLC

LGO Energy 'beginning to take shape again', says Neil Ritson

LGO Energy PLC (LON:LGO) expects to receive approval for the first well in a new drilling campaign in Trinidad before January after submitting a formal request to start work on the first infill well on the Goudron Field.

CEO Neil Ritson tells Proactive: ''We've made the application for the first, specific location on our programme of infill ... we've currently got 45 wells outlined approval and we're going in for the first one of those''.

''Further applications for additional wells for a programme of maybe 10 initial wells, from the 45, will be filed over the next few weeks and months and we're negotiating on a rig so we're beginning to take shape again''.

Quick facts: Columbus Energy Resources PLC

Price: 1.825 GBX

AIM:CERP
Market: AIM
Market Cap: £17.21 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

CentralNic boss says first half revenue has already beaten full 2019 numbers

CentralNic Group PLC (LON:CNIC) CEO Ben Crawford is thrilled with first half revenue for 2020 – enjoying their best ever trading period. The company’s first-half revenues of more than US$110mln were up from US$49.7mln in the same period of 2019. Its earnings were more than US$15mln compared with...

13 hours, 55 minutes ago

2 min read