Trinidad

Oil & Gas

Range Resources has Colombia licences revoked

Range Resources said it has been advised by authorities in Colombia that three exploration licences previously awarded to it have been revoked. The company said the National Hydrocarbons Agency in the country had informed them that PUT-5, VMM-7 and VSM-1 had been pulled over claims maintenance commitments had not been fulfilled.

Oil & Gas

Positive results for LGO from Goudron field

LGO Energy said test results from the Goudron field in Trinidad have shown an oil flow of more than 200bopd (barrels of oil per day). Well GY-674 was the first to be tested by the company this year and shows a natural rate of 240bopd, with an estimated 500bopd with an open-hole flow rate. The company said tests on GY-672 and 673 were also continuing.

Oil & Gas

LGO makes further gains on Cedros Peninsula interests

LGO has made further progress on its Cedros Peninsula interests in Trinidad after striking a further deal with Beach Oilfield Limited. The company had previously agreed to acquire all of BOLT’s interests in oil and gas leases, with rights to deep targets below 7,000 feet. LGO said its title to 100% owned Cedros leases have now been accepted by the Ministry of Energy and Energy Affairs.

Oil & Gas

LGO spuds 12th Trinidad well

Leni Gas & Oil (LGO has confirmed the spudding of the 12 well in its Goudron field development. The company acquired the prospect on the south-eastern edge of Trinidad in 2011 and has so far drilled 12 out of 30 planned wells.