Disclosure: The author has been remunerated by the company concerned for writing this article. Shareprophets Ltd has not received any remuneration for publishing it and does so merely as the article seemed to be of some interest.

Leni Gas & Oil – Game Changer Announcement

By Dr Lestyn Adams

17 January 2014 08:39

In a landmark announcement, AIM Listed Leni Gas & Oil (LGO) today informed the market that the Environmental Management Agency of Trinidad and Tobago had confirmed that the Company’s application for a Certificate of Environmental Compliance (“CEC”) for the planned drilling campaign of 30 new wells at its 100% owned Goudron Field in Trinidad had been approved. This announcement is a game changer for Leni.

Already a member? Sign in

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 13 year archive

• ShareProphets Daily Newsletter

Cancel any time

This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.

Comments

wildrides

17 January 2014, 11:09

I hope your right …….but………

LGO has a problem with transparency . Its very slow to release production fiqures and no one really currently knows what the old reactivated field is producing . I suspect production is actually falling , as tends to happen with recently worked over old wells . Hence the lack of monthly production figures and vague announcements . And probably the reason for the huge hurry up on drilling new wells before the market catchs on . Of course I could be wrong……………………..
Duck and Dive

17 January 2014, 13:45

I’m saddened to see this advertisement here, masquerading as editorial. Apart from being riddled with unsubstantiated BS, it marks a dangerous precedent for ShareProphets, whose readers have come to expect better.

TW is obviously on good terms with DL, which is fine, but I’m afraid the guvnor’s judgement has slipped this time.

I recommend you to pull this article pronto before it does you any more damage.
Tom Winnifrith

17 January 2014, 13:55

Duck n Dive

The disclaimer says it all, the author was paid ( we were note) to produce this article.
I was sent it by the author not by DL. Since I am too dim to understand the LGO story & comment myself I put it up.
If there are factual errors please do let me know and I will ensure a correction is made.

T
Duck and Dive

17 January 2014, 14:10

Hi Tom,

I’m sorry you have to ask me that when the article is so clearly shite – even if you know nothing about Leni.

I would rather not say any more.