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Leni completes logging at fourth Goudron well and prepares to drill the fifth

05th August 2014

Leni Gas and Oil has announced the results of the evaluation of the electric logs in well GY-667, the fourth of its planned 30 new development wells at the Goudron Field in Trinidad, and the third well from this drill pad

Leni completes logging at fourth Goudron well and prepares to drill the fifth
Pressure data indicates that the Gros Morne at this location is at primary pressure and is therefore expected to give excellent free flowing oil production.

"Well GY-667 appears to be our best well so far in the drilling campaign and has a really excellent oil pay in the Gros Morne,” said Neil Ritson, LGO's chief executive. “The rig will now move to the final location from the current pad and spud the fifth well of the programme, following which we will be able to put on production this well along with the others on the pad.  We are very encouraged by the results we are obtaining at Goudron and look forward to the rest of this year's drilling there."

Evaluation of the electric logs has shown the presence of 66.7 metres of net oil pay in the Gros Morne Sandstone, including a thick massive sandstone interval of 39.6 metres at a depth of 791.2 metres measure depth (MD).

Pressure data indicates that the Gros Morne at this location is at primary pressure and is therefore expected to give excellent free flowing oil production.

The Lower Cruse Sandstone are encountered cleaner and better developed than seen in nearby wells with a total of 8.5 metres of net oil pay encountered in two distinct layers.  Further investigation of the Lower Cruse will continue during the current phase of drilling; during which the primary reservoir target will remain the Gros Morne Sandstone.

In addition to electric logs and down-hole pressure data, sidewall cores were collected in the Gros Morne and Lower Cruse and these will be analysed for porosity and permeability to aid in on-going development studies now underway with Senergy (GB) Limited.

In addition, as previously announced, GY-667 contains 57 metres of net oil pay in the Goudron sandstones.

The well will now be cased and the rig skidded to the final location on the current pad, which is expected to be designated GY-668.  A summary of the drilling program results to date is given in the Appendix below.

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