Last 3.55 GBp
Change Today 0.00 / 0.00%
Volume 21.2M
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As of 12:35 PM 08/28/14 All times are local (Market data is delayed by at least 15 minutes).

leni gas & oil plc (LGO) Snapshot

3.55 GBp
Previous Close
3.55 GBp
Day High
3.63 GBp
Day Low
3.55 GBp
52 Week High
06/24/14 - 4.38 GBp
52 Week Low
03/31/14 - 0.64 GBp
Market Cap
Average Volume 10 Days
-0.0017 GBp
Shares Outstanding
Dividend Yield
Current Stock Chart for LENI GAS & OIL PLC (LGO)

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leni gas & oil plc (LGO) Details

Leni Gas & Oil Plc is engaged in the exploration and production of oil and gas. The company holds interests in the Goudron field, which is located in the Eastern Fields Area in southeastern onshore Trinidad; and Icacos field located in the extreme southwest of the island. It also has interests in the La Lora production concession, as well as Basconcillos-H, Huermeces, and Valderredible exploration permits in northern Spain. The company was incorporated in 2006 and is headquartered in London, the United Kingdom.

32 Employees
Last Reported Date: 06/14/14
Founded in 2006

leni gas & oil plc (LGO) Top Compensated Officers

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Executives, Board Directors

leni gas & oil plc (LGO) Key Developments

Leni Gas & Oil PLC Announces Board Changes

The directors of Leni Gas & Oil PLC announced a number of changes to the board of the company with immediate effect. Stephen (Steve) Thomas Horton has been appointed as the Non-Executive Chairman of the company. Mr. Horton has been a Non-Executive Director of the company since February 2011 and replaces David Lenigas who has been the company Chairman since its incorporation in August 2006. John (Iain) Alexander Patrick has been appointed to the board of the company as Non-Executive Director with immediate effect. Mr. Patrick has extensive experience in the international oil and gas industry. His background is in law, and he currently serves as a Non-Executive Director on the boards of Wessex Exploration Plc and Madagascar Oil Limited. Michael Stephen Douglas has also been appointed to the board of the company as Non-Executive Director with immediate effect. Mr. Douglas is Chief Executive and co-founder of The Quo Group Limited. He now works extensively with board and senior teams in major UK and international companies, and in government organizations, in strategy development, stakeholder engagement and leadership development. Mr. Douglas will chair the LGO Remuneration Committee. Mr. Lenigas has been Executive Chairman of the Board since the formation of the Company in August 2006. Mr. Lenigas will continue to advise the Board for a minimum period of twelve months through a consultancy agreement that ensures the company continues to benefit from his wide experience and knowledge of the London capital markets.

Leni Gas & Oil PLC Announces Goudron Drilling Update

Leni Gas & Oil PLC announced that the fifth of its planned Goudron development wells, GY-668, was successfully spudded on August 9, 2014 and is now drilling ahead in the Goudron Sandstones. The well is being drilled as a deviated hole with a maximum angle of 15 degree from the same well pad as used for the recently drilled wells GY-665, GY-666 and GY-667, and is the last planned well from that drill site. Well GY-668 has a planned total depth of 3,000 feet measure depth to a bottom-hole location that is approximately 680 feet west of the surface location. The primary target of this well is the Gros Morne sandstones, the top of which are anticipated at a depth of approximately 2,150 feet TVD. The same well design as has been used on recent wells will be deployed in GY-668 with the Goudron Sandstones and uppermost Gros Morne shale being drilled in 12 1/4-inch hole and cased with 9 3/8-inch casing; whilst the Gros Morne Sandstone will be drilled to TD in 8 1/2-inch hole and cased with 7-inch casing. Electric logging will be performed in each interval and mud weights controlled to minimize formation damage. Once GY-668 has been drilled to TD, the four wells will be prepared for the arrival of the completions rig before the Well Services Rig 20 moves to the third drill site. The third drill site is now intended to host four new wells; wells six to nine of the 30 well programme. That site is now being constructed and is anticipated to be ready to receive the rig as soon as it is released from the current drilling pad.

Leni Gas & Oil plc Announces Appointment of James Adam Thadchanamoorthy as Finance Director

The Directors of Leni Gas & Oil PLC announced the appointment of James Adam Thadchanamoorthy to the Board of the company as Finance Director with immediate effect. Mr. Thadchanamoorthy, a member of the Chartered Institute of Management Accountants, has been working for the company since January 2012, having previously worked with BP plc for over ten years. He will report to Neil Ritson, LGO Chief Executive.


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